Nvidia Corporation
The Details:
According to a Bloomberg report, Huang told the audience at a Goldman Sachs Group Inc.
"The demand on it is so great, and everyone wants to be first and everyone wants to be most," the CEO said. "We probably have more emotional customers today. Deservedly so. It's tense. We're trying to do the best we can."
Huang said that the company outsources the physical production of its hardware, and Nvidia's suppliers are doing their best to keep up with demand.
He also addressed concerns related to the rising geopolitical tensions surrounding key Nvidia-supplier, Taiwan Semiconductor Manufacturing Company Ltd.
The Nvidia CEO said the company chooses to use TSMC because it is the best in the field and its "agility and their capability to respond to our needs is just incredible," he said. "And so we use them because they're great, but if necessary, of course, we can always bring up others."
NVDA Price Action: According to Benzinga Pro, Nvidia shares are up 5.03% at $113.54 at the time of publication Wednesday.