'We have supply for very, very robust growth, but we're still supply constrained': Jensen Huang says Nvidia has enough CPU and GPU supply to grow AI
- Huang says the supply chain is primed for "very robust growth" despite constraints
- SK Hynix is also planning to increase capacity as sector shows no signs of slowing down
- Nvidia shares are up following the news – the most valuable company is targeting more growth next quarter
Nvidia CEO Jensen Huang has revealed the company now has enough manufacturing capacity and supply chain support to sustain strong growth across its CPU and GPU businesses, despite ongoing pressure from the AI boom (via Reuters).
Speaking at Computex in Taipei, Huang admitted that while supply chain constraints haven't entirely disappeared, the company has managed to secure sufficient supply chain support.
Investors are also clearly happy with this news, as share prices rose around 1.2% following the announcement, with Nvidia now worth an estimated $5.434 trillion, retaining its position as the world's most valuable company.
Nvidia pleases investors with positive news from...
Copyright of this story solely belongs to techradar.com. To see the full text click HERE
