Nvidia's Blackwell Poised to Be Record-Breaking Success, According to CEO Jensen Huang

Money | June 27, 2024, 4:24 a.m.

Nvidia's annual shareholder meeting showcased CEO Jensen Huang's emphasis on the chipmaker's prominent role in the AI era, with the unveiling of the highly anticipated Blackwell platform. The meeting saw shareholders approving executive pay, re-electing the board, and ratifying an accounting firm, solidifying Nvidia's strong foundation. Huang's confidence in the Blackwell platform being the company's most successful product yet was met with enthusiasm from investors, who also backed Nvidia's strategic direction in the evolving AI landscape. Analysts have lauded Blackwell as Silicon Valley's most ambitious project, set to be embraced by major tech giants and AI innovators. Furthermore, Huang highlighted Nvidia's pivotal position in the upcoming wave of AI, particularly in robotics and sovereign AI development. Despite a slight dip in Nvidia's stock price following the event, the company's future prospects in the burgeoning AI industry remain promising.