Nvidia CEO says customer frustrations are due to shortages

Quick Summary:

The company is experiencing strong demand for its latest generation of chips.

Huang was asked whether the massive AI spending is providing customers with a return on investment.

The shares have more than doubled this year, following a 239 per cent run-up in 2023.The stock gained 8.1 per cent to US$116.91 in New York on Sep 11, marking its biggest single-day rise in six weeks.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaTaiwan

Topics: Company Nvidia’s Chips Technology Demand First Data Limited Latest Customers Huang

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 07:45:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 554 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22464100

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Main Topics: EconomyBusiness

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