Nvidia’s stock (NVDA) took a tumble on Friday, mirroring a broader slump in the semiconductor sector. This downturn follows a surge in the stock on Thursday, driven by strong earnings from Micron (MU).
In a recent interview with Bloomberg Television, Nvidia CEO Jensen Huang made a compelling case for nuclear power as a viable solution to the ever-growing energy demands of AI data centers. He highlighted the importance of diverse and sustainable energy sources to meet the increasing needs of this vital technology. Huang emphasized that nuclear energy is a key component of the solution, offering a reliable and scalable energy source. He stressed the need to balance availability, cost, and long-term sustainability when it comes to powering AI infrastructure.
The growing need for renewable energy is particularly acute in regions where the electricity grid struggles to support the construction of new data centers. This is a critical challenge for Nvidia, a leader in AI hardware, as its latest chips, while more power-efficient, still require significant energy for operation.
Huang also addressed Nvidia’s efforts to comply with U.S. government regulations on exports to China, reaffirming the company’s commitment to serving its customers in the region while adhering to these regulations.
As of this writing, Nvidia shares were down by 2.87% at $120.49, according to Benzinga Pro.
