NVIDIA Corporation (NVDA) CEO Jensen Huang presents at Goldman Sachs Communacopia + Technology Conference (Transcript)

Company and Industry Overview * Company: NVIDIA Corporation (NASDAQ: NVDA) * Industry: Technology, specifically focused on accelerated computing and AI infrastructure. * Key Products: GPUs, data center solutions, AI software libraries (cuDNN, cuOpt, cuQuantum, cuDF). * Market Position: Market leader in accelerated computing and AI infrastructure. Core Points and Arguments * Evolution of NVIDIA: Started as a gaming-centric GPU company, evolved to offer a broad range of hardware, software, and AI solutions for data centers and various industries. * Accelerated Computing: Different from general-purpose computing, accelerated computing focuses on specific algorithms and tasks, leading to significant performance improvements. * Data Center Market: The data center market is transitioning from general-purpose computing to accelerated computing due to the end of Moore's Law and the rise of AI. * Generative AI: Generative AI is a transformative technology that will expand beyond data centers and IT into various industries, creating new opportunities and skills. * ROI of Accelerated Computing: Accelerated computing offers significant ROI through performance improvements, cost savings, and productivity gains. * Blackwell System: NVIDIA's new Blackwell system offers four times faster training and 30 times faster inference compared to its predecessor, Hopper. * Competitive Moat: NVIDIA's competitive advantages include a comprehensive AI infrastructure, expertise in algorithms, and a large installed base. Other Important Points * Supply Chain: NVIDIA relies on a complex and interconnected supply chain in Asia, particularly Taiwan. The company is working to ensure diversity and redundancy in its supply chain. * Demand and Responsibility: The high demand for NVIDIA's products and solutions creates significant responsibility and challenges, particularly in terms of delivery and customer satisfaction. * Innovation Pace: NVIDIA is committed to maintaining a rapid pace of innovation to meet the evolving needs of its customers and the industry.