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Nvidia CEO says 2024 will be “huge year.”

Russell Shor Written by Russell Shor
  • NVDA.us
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Jensen Huang, Nvidia's CEO, acknowledged that the demand for artificial intelligence chips is booming. According to reporters in Taiwan, he said that AI is a "rebirth of the industry" with this year as "a huge year."

According to Huang, "the single greatest challenge in AI…is scaling the capacity of AI. We are very severely supply constrained."

Nvidia leads the AI chip market with its favoured products among startups and big corporations. Its CUDA programming platform simplifies AI project development, offering tools for efficient parallel computations required for training models and serving customers.

Nvidia (NVDA.us) has started the year strongly and is 25% up for January, with a few days left of trading for the month.

Russell Shor

Senior Market Specialist

Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.

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