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Nvidia’s ‘godfather’ struggles to keep markets excited about AI miracles

The sharemarket simply shrugged as the company’s chief executive, Jensen Huang, unveiled more eye-watering earnings numbers.

Paul Smith

The future-shaping rhetoric of Nvidia’s chief executive, Jensen Huang, (or the “godfather of AI” as he has been crowned) is as dramatically positive as it has been for the last two years. Still, he is suddenly being faced on earnings calls by nitpicking questions that show how quickly the fantastic can become mundane.

Shares in the world’s biggest company fell over 2 per cent after the company announced quarterly earnings that met or exceeded almost all the growth expectations, including stunning dollar figures that the markets now expect to be par for the course.

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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com

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    Original URL: https://www.afr.com/technology/nvidia-s-godfather-struggles-to-keep-markets-excited-about-ai-miracles-20241118-p5krfx