Nvidia's CEO, Jensen Huang, addressed concerns surrounding the company's new Blackwell chips, assuring that there will be "lots and lots" of supply once production ramps up. Despite some production challenges that required revamping parts of the manufacturing process, Huang emphasized that the company has already begun volume production and is distributing samples globally.
Key Takeaways:
Assurance of Ample Supply: Nvidia's CEO, Jensen Huang, reassured investors that the supply of the new Blackwell chips will be plentiful as production gains momentum, despite initial manufacturing challenges.
Key Product for Growth: The Blackwell chip, a successor to the popular Hopper AI accelerators, is highly anticipated by investors and analysts. Concerns about potential production delays had raised fears about Nvidia's growth trajectory and AI expansion.
Revenue Expectations: Although the stock dipped following the earnings call due to Huang's reluctance to detail Blackwell's revenue, the CEO expressed confidence in strong revenue generation from the chip in the fourth quarter and beyond.
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