Reported 5 months ago
Nvidia CEO Jensen Huang spoke exclusively to Yahoo Finance, highlighting the overwhelming demand for their graphics processing units (GPUs) as the company transitions from its current Hopper AI platform to the more advanced Blackwell system. Despite concerns about supply constraints, Huang emphasized the strong demand from customers wanting to deploy data centers and utilize Nvidia's GPUs for profit and efficiency gains. Nvidia reported impressive first-quarter results, with adjusted earnings per share at $6.12 on revenue of $26 billion, and expects revenue to reach $28 billion in the current quarter. The company also announced a stock split and increased dividend. Huang expressed confidence in Nvidia's position in AI inferencing and noted the diverse customer base, including major tech companies and industries like automotive.
Source: YAHOO