During the fourth quarter earnings call on Wednesday, Nvidia Corporation (NASDAQ:NVDA) CEO Jensen Huang expressed optimism about the company’s future, citing industry-wide transitions and the potential for continued growth in the data center business.
What Happened: During the earnings call, Huang highlighted the company’s strong position in the data center business, attributing it to the ongoing industry-wide transitions to accelerated computing and generative AI.
He stated, “Fundamentally, the conditions are excellent for continued growth calendar ’24, to calendar ’25 and beyond. And let me tell you why? We’re at the beginning of two industry-wide transitions and both of them are industry wide.”
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Huang also spoke about the emergence of a new type of data center, which he referred to as AI generation factories, and the company’s diversification into new industries. “Basically, it takes raw material, which is data, it transforms it with these AI supercomputers that NVIDIA builds, and it …