Nvidia CEO Jensen Huang calls chip demand 'intense'

Speaking at the Goldman Sachs Communacopia & Technology Conference, Nvidia (NVDA) CEO Jensen Huang stated that "everybody is counting on us" as the semiconductor manufacturer continues to see chip demands surge among its client base. Nvidia shares have risen in Wednesday's session.

Market Domination hosts Julie Hyman and Josh Lipton weigh in on the chip stock's response to its chief executive's comments that the environment is "tense" for the industry leader.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Luke Carberry Mogan.

Video transcript

Nvidia, Ceo Jensen Wong starring there lifting investors spirits after his remarks at the Goldman Sachs Copia and Tech conference, Jensen Wong highlighting the incredible demand for his products.

He just stop there about 7% dragging the the S mh along with it.

So this was an issue when he's at the conference.

Um He was talking here Julie about basically demand for his products being so red hot and so great.

Everyone wants to be first.

He says everyone wants to be most, we probably have more emotional customers today deservedly.

So it's tense we are trying to do the best we can to get that supply to him.

Yeah.

And he also talked about, he was asked about supply in particular because TS MC is their main supplier, Taiwan Semiconductor.

He was asked about also potential risks to that from a geopolitical perspective and he sort of acknowledged those risks, but the TS MC is sort of the best in class with the capability of making their trips just to put all of this in perspective.

By the way, the stock is still up 100 29% here today, we've talked a lot about some of the more recent rockiness.

It's down about 16% since its record high uh back in mid June.

So that's where we are right now.

So even with some of the concerns about supply, about delays for Blackwell, that's still where it and on Blackwell LA and Grays generation of ships said demand strong.

He said, yeah, he basically said customers need to be doing what they're doing.

And so he's confident they're gonna keep spending.