tech
Nvidia CEO Jensen Huang eats dinner with someone ‘and their stock price doubles the next day’
Korean fried chicken with the chairmen of SK Group and LG. Yellowtail sashimi at Nobu with Larry Ellison and Elon Musk. Mapo tofu and whiskey with TSMC founder Morris Chang.
TL;DR
- Nvidia CEO Jensen Huang's dining habits have led to speculation about a 'Jensen effect' on stock prices, with some companions reportedly seeing their stock double.
- Huang humorously referenced this during an earnings call when asked about supply constraints, emphasizing that the real challenge is meeting customer demand.
- Nvidia reported blockbuster second-quarter earnings and projected 70% revenue growth for the next fiscal year, significantly exceeding analyst estimates.
- Despite high demand, Nvidia currently has supply for only 70% of its customers' needs, highlighting significant supply chain limitations.
- Examples of the 'Jensen effect' include Oracle founder Larry Ellison and SpaceX CEO Elon Musk 'begging' Huang for more GPUs, and stock increases for Korean companies after Huang dined with their chairmen.