CLAIM #46824 · NVIDIA Corporation (NVDA) · 2024Q2 earnings call · Aug 23, 2023 · due Jan 31, 2025
“Supply will substantially increase for the rest of this year and next year.”
Jensen Huang · CEO
In context
“to Jensen Huang for any additional or closing remarks. Jensen Huang: A new computing era has begun. The industry is simultaneously going through 2 platform transitions, accelerated computing and generative AI. Data centers are making a platform shift from general purpose to accelerated computing. The $1 trillion of global data centers will transition to accelerated computing to achieve an order of magnitude better performance, energy efficiency and cost. Accelerated computing enabled generative AI, which is now driving a platform shift in software and enabling new, never-before possible applications. Together, accelerated computing and generative AI are driving a broad-based computer industry platform shift. Our demand is tremendous. We are significantly expanding our production capacity. Supply will substantially increase for the rest of this year and next year. NVIDIA has been preparing for this for over two decades and has created a new computing platform that the world’s industry -- world’s industries can build upon. What makes NVIDIA special are: one, architecture. NVIDIA accelerates everything from data processing, training, inference, every AI model, real-time speech to computer vision, and giant recommenders to vector databases. The performance and versatility of our architecture translates to the lowest data center TCO and best energy efficiency. Two, installed base. NVIDIA has hundreds of millions of CUDA-compatible GPUs worldwide. Developers need a large installed base to reach end users and grow their business. NVIDIA is the developer’s preferred platform. More developers create more applications that make NVIDIA more valuable for cust”
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SEC filings for NVDA ↗ · Claim quote is verbatim from the 2024Q2 earnings call.