Nvidia’s CEO Jensen Huang Believes Blackwell Could Become the Most Successful Product in History

Nvidia’s annual shareholder meeting took place, with CEO Jensen Huang emphasizing the company’s unique position in the AI era. The upcoming Blackwell platform was highlighted as a potentially groundbreaking product. Shareholders approved executive compensation, re-elected the board, ratified an accounting firm, and voted on an investor advisory proposal.

Huang’s total compensation for fiscal 2024 was reported to be $34.2 million, a significant increase from the previous year. The stock’s performance contributed to this rise. Shareholders also re-elected existing directors and ratified PwC as the accounting firm for fiscal 2025. An advisory proposal to replace supermajority voting provisions was approved.

The Blackwell architecture platform was described by Huang as possibly the most successful product in Nvidia’s history, with analysts considering it Silicon Valley’s most ambitious project. Major companies like Amazon, Google, Meta, Microsoft, OpenAI, Tesla, and xAI by Elon Musk are expected to adopt the platform.

Huang discussed Nvidia’s role in the next wave of AI, highlighting opportunities in robotics and sovereign AI. He mentioned the potential for AI to automate $50 trillion in heavy industries and Nvidia’s position to benefit from this trend. The demand for Sovereign AI, where nations produce AI using their own infrastructure and data, was also highlighted.

After the meeting, Nvidia’s shares fell by 1.9% to $123.66, following a rally the previous day. The company’s outlook in the AI space and the anticipation surrounding the Blackwell platform continue to generate interest among investors and analysts.

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