Nvidia CEO Jensen Huang Personally Joined a Closed-Door Morgan Stanley Roadshow to Address 3 Investor Concerns. Nvidia Stock Is Down 4% Since He Spoke.
Huang told the investor conference that rising demand for AI compute will drive corporate revenues and GDP higher.
Overview
Jensen Huang, CEO of artificial intelligence (AI) semiconductor giant Nvidia (NASDAQ: NVDA), showed up at Morgan Stanley's Technology, Media & Telecom Conference in San Francisco in March with three important messages for investors.
This came at a time of growing anxiety among market participants about the potential returns -- or lack thereof -- from the $7 trillion expected to be spent globally on AI data centers by 2030. After soaring in recent years, Nvidia and other AI-related stocks have underperformed the broader market this year.
Details
So it made sense that Huang, whose company is central to the AI revolution, would address some of these concerns that investors are beginning to feel.
Source
Originally published at www.fool.com.