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Nvidia soared more than 8% overnight, driving up US stocks. What did Huang Renxun say?
Nvidia CEO Huang Renxun said that the growth of Nvidia's AI chip Blackwell supply is limited, which has frustrated some customers. He also hinted that if necessary, Nvidia would reduce its reliance on Taiwan Semiconductor and turn to other chip manufacturers. In addition, it is reported that the US government is considering allowing Nvidia to export advanced chips to Saudi Arabia.
U.S. stock market changes | taiwan semiconductor rose more than 1%, Huang Renxun stated that nvidia relies heavily on taiwan semiconductor to produce its most important chips to a large extent.
On September 12th, TSM.US rose more than 1%, reaching $171.33. In terms of news, NVIDIA CEO Jensen Huang stated at the Goldman Sachs Technology Conference on Wednesday local time that NVIDIA relies heavily on Taiwan Semiconductor to produce its most important chips because Taiwan Semiconductor is far ahead in this field. Taiwan Semiconductor's flexibility and capabilities are amazing, they have performed exceptionally well, so we can work with them if necessary or collaborate with others. In addition, JPMorgan stated that Taiwan Semiconductor's strong sales in August indicate that its performance in the third quarter may exceed its guidance. The bank maintains a 'shareholding' rating on the stock.
Once again, nvidia and Jensen Huang have become the 'big savior' of the US stock market.
Nvidia rose 8%, achieving its largest single-day increase in the past six weeks. The Nasdaq rose 2%.
Huang Renxun exclaimed with a "Versailles" sigh: the product is too popular and the customers are not satisfied! Nvidia saves the US stock market again.
Nvidia CEO Huang Renxun said on Wednesday at a technology conference organized by Goldman Sachs that due to limited product supply, some customers are frustrated and the company's relationship with these customers has also become tense.
U.S. stocks movement: nvidia continues to rise by nearly 2%, Huang Renxun reiterates that Blackwell chips will start shipping in the fourth quarter.
On September 12th, NVIDIA (NVDA.US) continued to rise by nearly 2%, reaching a high of $119.14. The stock surged over 8% yesterday. In terms of news, NVIDIA CEO Jensen Huang reiterated at the Goldman Sachs Technology Conference on Wednesday local time that the Blackwell chip is already in full production and will begin shipping in the fourth quarter. Huang previously stated that there is strong demand for the Blackwell chip and that suppliers' production is catching up. Goldman Sachs reiterated its "buy" rating on NVIDIA and continued to include it in the conviction buy list with a target price of $135.
Strength should not be underestimated! In a volatile market, are these AI stocks surprisingly more resistant to decline than nvidia?
After experiencing the 'Black Monday' in early August, many stocks have rebounded strongly and performed extremely well. Some stocks have even shown significantly better resilience and rebound strength than Nvidia.