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Benzinga
  • 2 years ago
Nvidia's market cap dropped around $500 billion since it became the world's most valuable company. Skittish investors were awaiting comments at its annual meeting that might reverse the trend. CEO Jensen Huang discussed Nvidia's success but didn't offer new information on how it will compete with rivals or details on its next-gen AI chip, Blackwell. Huang failed to provide a timeline for when Blackwell will be available, though he said it will be Nvidia's most successful product. The stock stayed down more than 2% after the meeting.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02NVIDIA's market cap dropped around $500 billion since it became the world's most valuable company.
00:08Skittish investors were awaiting comments at its annual meeting that might reverse the trend.
00:13CEO Jensen Wang discussed NVIDIA's success but didn't offer new information on how it
00:17will compete with rivals or details on its next-gen AI chip, Blackwell.
00:22Wang failed to provide a timeline for when Blackwell will be available,
00:25though he said it will be NVIDIA's most successful product.
00:28The stock stayed down more than 2% after the meeting.
00:31For all things money, visit Benzinga.com.
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