Reported 28 days ago
Nvidia's stock increased by 6% following a presentation by CEO Jensen Huang at a Goldman Sachs conference, where he discussed the significant return on investment (ROI) from the company's AI infrastructure. Huang emphasized that Nvidia's GPU accelerators offer substantial efficiency gains and cost savings compared to traditional CPU systems, suggesting that for every dollar spent, customers see a $5 return. He highlighted the growing demand for AI technology and the impressive productivity gains enabled by Nvidia's systems.
Source: YAHOO