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nvidia once again becomes the "savior" of the US stock market, Huang Renxun: supply shortages lead to strained customer relationships
Huang Renxun said that the demand for Blackwell chips is extremely high, and Nvidia's products have become the hottest commodities in the technology industry.
This year's performance is second only to nvidia! Oracle's stock price hits another all-time high, and the founder's wealth is close to Bezos.
Since the release of the unexpectedly strong financial report this week, Oracle's stock price has risen more than 12% in two days and has risen 49% this year, second only to Nvidia in the AI concept stocks. Due to the sharp rise in stock price after the release of the financial report, Oracle's founder Ellison's personal wealth has surpassed Zuckerberg, rising to third place globally.
US stock market closing: US stocks staged a "V-shaped" big reversal, with Nvidia soaring more than 8%; solar concept stocks and lithium stocks rose across the board, with first solar rising more than 15% and Albemarle rising more than 13%
The core CPI in the US in August exceeded expectations, and the market believes that the Federal Reserve will not make a significant interest rate cut next week. The US stock market fell at the beginning of trading, with the Dow Jones Industrial Average falling more than 740 points at one point. Huang Renxun emphasized the high demand for AI chips, and Nvidia, which had the largest increase in six weeks, led the US stock market to rebound in a V-shape, with the Nasdaq rising more than 2% and chip stocks rising nearly 5%. The US presidential debate boosted solar stocks, while Trump media fell more than 10% to the lowest level since its backdoor listing in March. Brent oil climbed back above $70, breaking away from a three-year low.
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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.
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%.