Shulou(Shulou.com)11/24 Report--

CTOnews.com August 24 news, Nvidia handed over a satisfactory financial report for the second quarter of fiscal year 2024, net profit of $6.188 billion, up 843% year-on-year.

In the subsequent earnings conference call, the topic that investors are most concerned about is how Nvidia meets the rapidly expanding GPU demand in the face of emerging generative AI demand after experiencing two cryptocurrency booms.

Huang Renxun, CEO of Pexels Nvidia, is optimistic about this, saying that the supply of AI acceleration cards is directly proportional to the growth of market demand, and investors and customers do not need to worry about short supply.

Huang Renxun said in an interview with Bloomberg that the supply of AI acceleration cards will be increased by the end of this year, and production capacity will be further increased next year.

Huang Renxun said: "We are focused on improving the supply situation. What we are doing now is to shorten the improvement time."

Huang told Bloomberg that the industry typically switches to a new computer platform every 15 years, but now there are two changes at the same time: the transition to GPU acceleration and the development of generative AI.

CTOnews.com previously reported that Nvidia's AI accelerator card H100 is currently expected to meet only half of the market demand. Nvidia will ship between 1.5 million and 2 million units next year, three people familiar with the matter said, up at least three times from its forecast of 500,000 units this year.

Related Reading:

Nvidia's second-quarter net profit was $6.188 billion, up 843% year-on-year

"AI chip shortage drags down tech companies 'earnings, NVIDIA H100 shipments will at least triple next year"

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.