Nvidia CEO talks AI boom, addresses concerns about technology replacing workers

Published On Nov 21, 2024, 3:55 PM

Nvidia's CEO, Jensen Huang, discussed the ongoing AI boom and its implications for jobs in an exclusive interview. He emphasized that while AI might handle 20-40% of various job tasks, it is unlikely to replace jobs entirely. Nvidia is experiencing incredible demand for its AI-related products and is ramping up chip production to meet this demand. The company reported a significant revenue increase, demonstrating strong performance amidst the AI revolution. Huang encouraged individuals to adopt AI technologies in their work, reinforcing the idea that those who effectively utilize AI will have an advantage in the job market.

Read full article

Stock Forecasts

NVDAView NVDA chart on TradingView

Positive

Nvidia is well-positioned to capitalize on the growing demand for AI and data center technologies, as evidenced by their strong revenue growth and the CEO's positive outlook on AI integration in the workforce. Investors may see potential in Nvidia due to its pivotal role in the AI sector and the ongoing technological trends favoring its products.

Related News

Stock market today: Dow, S&P 500 jump while Nvidia, Alphabet tumble

Nov 21, 2024, 1:12 PM

Investors are digging into Nvidia's earnings for insights into the AI boom.

NVDA
GOOG

Stock market today: Dow, S&P 500 rise while Nasdaq slips as Nvidia, Alphabet tumble

Nov 21, 2024, 12:28 PM

Investors are digging into Nvidia's earnings for insights into the AI boom.

NVDA
GOOG
MSTR

Nvidia's supply snags limit deliveries even as demand booms, shares down

Nov 21, 2024, 4:30 AM

SAN FRANCISCO/BENGALURU (Reuters) -Nvidia's revenue forecast on Wednesday disappointed Wall Street, raising questions over whether the artificial intelligence boom is waning. Shares of the chipmaker fell more than 3% in premarket trading on Thursday, while peers Advanced Micro Devices , Intel and Qualcomm eased between 0.8% and 1.4%. There is no shortage of companies eager to create new AI systems using Nvidia's superior chips, and the world's largest publicly listed company is selling them as fast as its chipmaking contractor Taiwan Semiconductor Manufacturing Co(TSMC) can make them.

NVDA