The Latest Breaking News from Jensen Huang

Nvidia is set to announce its Q2 2024 earnings, and investors are watching closely to see if the AI chip leader can maintain its edge amid supply chain issues and competition. With its strong financial performance and positive analyst sentiment, Nvidia appears well-positioned for continued growth.

On Wednesday, investors will find out whether bulls like Dan Ives or bears like Elliott Management are right about AI demand when the chipmaker updates the market.

Nvidia stock has risen sharply from its August lows amid optimism that it will deliver stellar earnings for fiscal Q2. While Wall Street analysts are getting bullish on NVDA ahead of the report, the recent rise means that the margin of safety is quite low heading into the confessional.

Amazon Web Services CEO Matt Garman predicts a paradigm shift in coding as a career with the prevalence of AI, prompting developers to stop coding in the foreseeable future. They might need to upskill in the field to gain new skills.

“Stop giving him stock. He’s clearly got too much, and that’s why he’s getting rid of it.”

LVMH’s Bernard Arnault remains in the $100 billion club despite a stock decline removing more than $10 billion from his net worth overnight.

Microsoft recently released an updated Service Agreement indicating that artificial intelligence should be considered more of a guide than a replacement for professional advice.

Blindly following executives can be as costly as not following them.

Recent developments in the tech industry show the AI bubble is about to burst. With OpenAI on the brink of bankruptcy and NVIDIA's sinking value, the end is nigh.

From July to the time of writing, the average value of Huang's daily sale was $14.44 million.

The transactions were part of a pre-determined trading plan that Huang filed in March, which proved to be well-timed.