Nvidia CEO Jensen Huang Says AI Memory Needs Are Rising During Taiwan Trip, Backs TSMC's Global Expansion, Dismisses China H200 Rumors - NVIDIA (NASDAQ:NVDA)

Core Insights - Nvidia's CEO Jensen Huang emphasized that the increasing demand for AI is driving a significant rise in the need for advanced memory solutions [1][2] Group 1: AI Demand and Memory Needs - The future of AI will be influenced by memory requirements as much as by computing power, with modern AI models necessitating high-speed processing and increased memory capacity [2] - Nvidia is heavily reliant on partnerships with major HBM suppliers to meet the soaring demand for memory this year [3] Group 2: Semiconductor Manufacturing and Capacity - Huang refuted claims that the U.S. has taken 40% of Taiwan's semiconductor manufacturing capacity, stating that global chip production is expanding with new capacities being added in the U.S., Europe, and Japan, while Taiwan remains a crucial manufacturing hub [4] - TSMC is identified as Nvidia's irreplaceable foundry partner, with expectations for significant capacity scaling over the next decade, primarily in Taiwan alongside international expansion [5] Group 3: Regulatory and Market Dynamics - Huang dismissed rumors regarding the approval of Nvidia's H200 AI chips in China, clarifying that no orders have been placed and final clearance is still pending [6] - The H200 chip has become a focal point in U.S.-China tech tensions, with reports indicating that while U.S. shipments are approved, China has not fully cleared imports, leading to a gray market where servers with H200 GPUs are sold at a premium [7] - Chinese technology firms reportedly placed orders for over 2 million H200 chips last month, significantly exceeding Nvidia's available supply [8] Group 4: Stock Performance - Nvidia shares closed up 0.52% at $192.51 on Thursday, followed by a 0.71% decline in after-hours trading to $191.15, reflecting a favorable price trend across various time horizons [8]