Nvidia CEO Jensen Huang delivered a keynote address at the Nvidia GTC 2025 event at SAP Center in San Jose, California. Investors closely followed the week-long GPU Technology Conference (GTC) for updates from the leading chip maker for AI applications. The event was crucial for Nvidia as their stock had declined by 15% in the past month and was 22% lower than the all-time high in January.
During the event, CEO Jensen Huang fielded questions from analysts on various topics, including the demand for their advanced Blackwell chips and the impact of Trump administration tariffs. Here’s a summary of Huang’s responses and key points raised by analysts:
Blackwell demand:
Huang revealed underestimated demand, with an estimated 3.6 million Blackwell chip shipments to top cloud service providers this year. Despite speculation of reduced demand, Huang emphasized the increasing need for AI computation, with major cloud clients fully invested in the technology.
Physical AI:
There was significant growth in physical AI, focusing on using AI to power real-world actions. Analysts noted that developers are now tackling real-world problems with physical AI, signaling a shift from speculative fiction to practical applications, especially in robotics.
Macroeconomic concerns:
Huang addressed concerns about tariffs impacting Nvidia’s business by highlighting their preparation for such scenarios and plans to shift manufacturing onshore. Huang downplayed worries about a potential recession affecting customer spending, suggesting that businesses would prioritize spending in growing areas.
Overall, the event provided insights into Nvidia’s technology advancements and strategic responses to market challenges, with analysts noting the company’s efforts to address key issues and opportunities in the AI and semiconductor industries.
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