Jensen Huang isn’t resting on his laurels even though Nvidia Corp. NVDA is riding the AI wave, securing its spot as the undisputed leader in this domain.
The Intense Competition: Despite holding a dominant 70% share in the AI industry, Nvidia’s CEO Huang acknowledged the fierce competition. From tech behemoths like Microsoft Corp. MSFT to Amazon.com Inc. AMZN, and Alphabet Inc.’s GOOG Google, to smaller players in China.
When asked about his biggest competitor and what keeps him up at night, Huang’s reply was simple, “They all do.” He highlighted Google’s TPU team, AWS Trainium and Inferentia teams, Microsoft’s internal ASIC development called Maia, and various cloud service providers in China, along with numerous startups and existing semiconductor companies.
Despite the tough competition, Nvidia’s CEO remains undaunted. He ensures he works hard enough to be too exhausted for anything to keep him up at night.
What Drives Huang: According to him, his driving force lies in Nvidia’s commitment to being the go-to partner for building AI supercomputers at data-center scale and providing a comprehensive stack.
The Significance: Nvidia is on the brink of achieving a monumental $2 trillion valuation, as its market capitalization briefly surpassed that milestone during Friday’s trading session.
Huang’s confidence in Nvidia’s standing is well-founded. During an analyst conference call, he projected that every business worldwide will eventually run on Nvidia’s ‘Operating System for AI’.
This optimism stems from the company’s impressive $1 billion annualized revenue run rate in its software and services segment. Moreover, Huang has been hailed as a leading figure in the AI space, with Wedbush’s Dan Ives commending him as a torchbearer of the AI revolution alongside Microsoft CEO Satya Nadella.
Photo courtesy: Nvidia Corp on Flickr