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Nvidia stock price It might be downBut the AI chip maker’s CEO stressed that demand for its products has never been higher and that it is sensitive about the high demand.
“We have a lot of people working with us, and they’re counting on us,” Nvidia CEO Jensen Huang said. He said on Wednesday At the Goldman Sachs Communacopia and Technology Conference.
Hwang was asked by Goldman Sachs CEO David Solomon about his biggest concerns. Nvidia came in third. Most Valuable Companies It is third in the world after Apple and Microsoft.
“The demand is so great that providing our parts, technology, infrastructure and software is very emotional for people,” Huang explained, “because it directly impacts their bottom line and it directly impacts their competitiveness.”
Meta, Microsoft, Amazon, Google is the largest buyer Nvidia’s AI chip share accounts for more than 40% of the company’s revenue.
Nvidia shares rise The stock surged 8% on Wednesday after Huang’s comments. Other AI chip makers Foxconn and TSMC also rose 5% and 4%, respectively.
Nvidia CEO Jensen Huang. Photo: Lachlan Cunningham/Getty Images
Nvidia is 70% to 95% As of June, Nvidia held the top share of the AI chip market, but competition is heating up: Nvidia’s biggest rival, AMD, acquired an AI startup in July for more than $500,000 in cash.
Related: An employee who worked for this company for the past five years is now a “semi-retired” millionaire.
yellow Justified The company said Wednesday that Nvidia’s servers are expensive, “which can cost millions of dollars per rack,” but that AI could help replace older systems, leading to cost savings.
Can AI write better code than software engineers?
Huang also addressed the issue of AI replacing software engineers when it comes to writing code.
“I think the days of software engineers writing all the code are completely over,” Huang said. “The future is that all software engineers are going to be working with digital engineers essentially 24/7.”
Amazon Web Services CEO Matt Gurman predicted the same future in a leaked conversation with employees last month, in which he said AI will change software engineer job descriptions to the point where engineers no longer need to write code at all.
Related: The Amazon Cloud CEO predicts a future where most software engineers won’t write code, but rather AI will write it for them.
Marco Argenti, CIO of Goldman Sachs, said: I said in April He argued that technical skills alone are not enough to handle AI, and encouraged future software engineers to take philosophy classes in addition to their standard coursework.
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