NVIDIA (NVDA) CEO Highlights AI’s Impact on Job Market

NVIDIA’s (NVDA, Financial) CEO Jensen Huang recently discussed the impact of artificial intelligence on the job market at the Milken Institute Global Conference. He emphasized that jobs won’t be lost to AI itself but to those who leverage it effectively. Huang advised embracing AI technologies and recommended trying out software like Perplexity and OpenAI’s ChatGPT to explore AI applications.

Despite NVIDIA’s impressive profit growth driven by AI business expansion in the U.S., the company’s stock has declined by 15% this year. Investors are concerned that although NVIDIA’s financial performance may remain robust, its growth rate might not match the rapid pace anticipated for 2024. However, tech giants like Microsoft, Alphabet, and Meta have recently reported optimistic first-quarter results, showcasing strong demand for AI services and continued investments in AI-related capital expenditures.

Renowned tech investor Robert Smith noted that the AI opportunities for many tech companies are too significant to overlook. He mentioned that current tech stock valuations are attractive, as many investors have yet to realize the full potential of AI integration in these businesses. Smith highlighted the importance of understanding AI’s role in workflows and data management for companies to succeed.

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