Nvidia recently made headlines by splitting its stock 10 for 1, hitting a $3 trillion valuation, and briefly becoming the most valuable public company. CEO Jensen Huang addressed concerns about competition, noting that many chipmakers and startups are challenging Nvidia’s dominant position in the AI chip market. Despite a slight dip in Nvidia shares on Wednesday, Huang outlined the company’s strategy to maintain its lead by focusing on the data center and expanding into new markets like industrial robotics. He emphasized that Nvidia’s AI chips offer the lowest total cost of ownership, positioning them as a superior choice over cheaper alternatives. Huang highlighted Nvidia’s growing presence across major cloud providers and computer manufacturers, creating a strong install base for developers and customers.
Nvidia shareholders approved a non-binding vote on executive compensation, with Huang receiving a compensation package of around $34 million during the company’s fiscal 2024 year, representing a significant increase from the previous year. This news reflects the high regard investors have for Nvidia’s performance and leadership. Huang’s remarks underscored the company’s continued success and its ability to attract and retain customers through its advanced technology and strategic partnerships. As Nvidia continues to innovate and expand its reach, its position as a leader in the tech industry seems secure for the foreseeable future.
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https://www.cnbc.com/amp/2024/06/26/nvidia-ceo-jensen-huang-speaks-at-first-shareholder-meeting-since-stock-surge.html
:max_bytes(150000):strip_icc()/INV_NvidiaOffice_GettyImages-1258367321-63d5cf38f6c84d5d93408a077cbcaa0f.jpg?w=1200&resize=1200,0&ssl=1 "Retail Investors Are Buying Up Nvidia and Other Single Stocks. Here’s What That Means.")