Nvidia CEO Says Chipmaker Is Seeing ‘Incredible' Demand, Sending Stock Higher Wednesday
NVDANvidia(NVDA) Investopedia·2024-09-12 06:45

Key TakeawaysNvidia shares surged Wednesday after CEO Jensen Huang said the chipmaker is seeing "incredible" demand.“Everything is sold out,” Huang said, as customers clamor for Nvidia’s products to support artificial intelligence.The CEO also touted the return on Nvidia products for customers, saying every dollar a cloud company might spend on Nvidia infrastructure translates to $5 in rentals for the company. Nvidia Corporation (NVDA) shares surged 8% Wednesday after CEO Jensen Huang said the chipmaker is ...