Huang's comments came during the Q&A period of Nvidia's first shareholder meeting since the company's stock began to surge, after Wall Street's heightened interest in the company's dominant position in the AI chip market.
Since last year's meeting, the company has been on a historic run: Nvidia's stock is up 193%, its shares split 10-1, the company passed a $3 trillion valuation and it briefly reached the status of most valuable company in the U.S.
The first question Huang answered Wednesday was about the company's competition, as traditional chipmakers and startups alike release products intended to challenge Nvidia's more than 80% market share in AI chips.
Nvidia shareholders were pleased with the company's performance and approved a nonbinding vote on executive compensation called "say on pay."
Nvidia executives are paid in a combination of salary and various kinds of restricted stock units.
Persons:
Jensen Huang, Huang's, Wall, Huang
Organizations:
Nvidia, U.S, NVIDIA