, Huang pushed back against concerns the company could face a demand lull as it shifts between its current and next generation of AI chips.
Huang added that demand for both platforms will outstrip supply well into next year, with the complexity of these chips also challenging the company's efforts to keep pace. The company also announced a 10-to-1 stock split — in which shareholders will receive 10 shares for every one share of the company they currently own — that will go into effect June 10 for shareholders as of June 7.in boosting its quarterly dividend, with shareholders now set to receive a dividend of $0.10 per share, up from $0.04.Nvidia CEO Jensen Huangs speaks at the company's office in Santa Clara, Calif., April 16, 2024.
The CEO also touched on the growth the company is seeing in sales to customers beyond major cloud service providers like Amazon, Microsoft, and Google, saying that companies ranging from Meta to pharmaceutical firms are increasingly buying up Nvidia chips. In fact, the biggest industry using Nvidia's data-center chip, excluding the cloud companies. is automotive.
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