While the announcement by Nvidia CEO Jensen Huang o chip maker long-awaited new chip, Blackwellwas the pinnacle of the “Woodstock of artificial intelligence” in the tech world, his announcements of new partnerships led to a resurgence “Nvidia’s fault.”
Huang started his opening speech announcing Nvidia partnerships with computer software makers Cadence Design Systems, Ansys and Synopsis — shipping company shares go up in Tuesday afternoon trading, MarketWatch reported. Cadence’s stock was up 3.6% Tuesday afternoon and was an increase of 0.52% Wednesday afternoon. Ansys and Synopsis have since seen their shares decline, with Ansys shares down 0.64% and Synopsis down 0.26% Wednesday afternoon.
However, Dell shares were rose 1.5% in afternoon trading on Tuesdayand an increase of 0.53% Wednesday afternoon. During his keynote, Huang shouted out his friend, Dell founder and CEO Michael Dell, who was in the audience, and announced Nvidia’s new partnership with the tech giant.
“No one is better at building end-to-end systems at very large scale for enterprises than Dell,” Huang said. “Every company will have to build artificial intelligence factories. It turns out that Michael is here and will be happy to take your order.”
Meanwhile, Samsung shares climbed over 5% Wednesday following reports that it would likely start working with Nvidia. Huang said that the consumer electronics company the top memory chip is in the process of being “qualified”. for Nvidia chips, according to Korea JoongAng Daily. The jump in Samsung shares was allegedly his the highest percentage increase from September.
Reuters reported last week that Samsung wants to adopt the same chip manufacturing technology as its competitor SK Hynixwhich is allegedly began mass production of high-bandwidth memory (HBM) chips scheduled to ship to Nvidia this month.