Jensen Huang explains why Nvidia will grow an astounding 70% next year
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Nvidia's CEO Jensen Huang says the company will grow 70 percent next year.
He explains that Nvidia's chips are not small—a single GPU system costs $8.5 million and consists of 2 million parts. Huang argues that Nvidia is so deeply embedded in the AI industry that the company can see the future, since all AI models use their hardware. He dismisses concerns about circular business arrangements (where Nvidia invests in companies that then buy from them) by saying that when they invest 1 dollar, they get 100 dollars back.
One GPU now is not $399. It's $8.5 million dollars. That's one GPU, all connected with NVLink, 2 million parts, right? 250,000 kilowatts.
Vibekollen prepared this summary with AI from the original publication. The content belongs to TechCrunch AI.
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