:max_bytes(150000):strip_icc()/GettyImages-2266455967-508747fbd9db4269b8a3aaa0731adeee.jpg "CEO Jensen Huang Wants You to Know Nvidia Is More Than Just an AI Chipmaker")
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Key Takeaways
- Nvidia CEO Jensen Huang announced the company’s latest chips, software and more during the company’s GPU Technology Conference keynote Monday.
- The CEO said demand for Nvidia’s latest offerings is “off the charts,” and that every major player in the space is building on its technology.
Nvidia CEO Jensen Huang wants you to know the chipmaker at the heart of the AI boom is far more than just a semiconductor company, and that its growth story is only getting started.
“We’re going to accelerate everybody,” Huang said at the company’s GPU Technology Conference keynote Monday, where he unveiled the company’s latest chips, software, and more.
At the event, Huang highlighted Nvidia’s (NVDA) highly anticipated, next-generation Vera Rubin platform, which he called a “revolutionary” product. Together, Vera Rubin and its predecessor Blackwell could drive $1 trillion in revenues through 2027, Huang said. The chipmaker had previously projected $500 billion of combined revenue for Blackwell and Rubin through the end of 2026.
The CEO unveiled the company’s Feynman platform slated for 2028 as well. Huang said Feynman is set to include a new and even more powerful chip called “Rosa,” named after British scientist Rosalind Franklin, perhaps best known for her contributions to the discovery of the structure of DNA.
Huang also said Nvidia is rolling out new and updated coding libraries that Huang called the “crown jewels” of the company, and unveiled an open agent framework called NemoClaw, that Huang said would expand the company’s reach and influence well beyond its hardware.
Why This Is Significant
Nvidia’s stock has had weak start to the year, amid some uncertainty about the trajectory of AI, and the sustainability of its growth. At Monday’s event, Huang sought to convince investors of the AI industry’s potential for growth and Nvidia’s place in it.
The CEO told attendees at the event that demand for Nvidia’s latest offerings is “off the charts,” and that every major player in the space is building on its technology.
“We’re the only platform in the world today that runs every single domain of AI across every single one of these AI models,” Huang said, and gave shoutouts to a number of the company’s major partners and customers, including Alphabet’s (GOOGL) Google, Amazon (AMZN), Palantir (PLTR), Dell (DELL), IBM (IBM), Oracle (ORCL), CoreWeave (CRWV), and others.
“We are now a computing platform that runs all of AI,” Huang said.
Moor Insights & Strategy CEO Patrick Moorhead, who wrote ahead of the event that Huang would likely make the case for the company’s growing reach, told CNBC in a televised interview Monday that he believes Huang “delivered” with his keynote performance.
Wedbush analyst Dan Ives, a longtime Nvidia bull, said Huang “raised the bar” with the company’s updated revenue forecast for its latest chips, “reinforcing that Nvidia sits alone at the top of the AI mountain.”
Shares of Nvidia rose close to 2% Monday as Huang gave his keynote address. The stock has lingered in negative territory for the year amid broader worries about the AI trade. Still, they’ve added more than half their value in the last 12 months.
UPDATE: This article has been updated since it was first published to include additional information.
