Nvidia CEO Huang dispels fears of semiconductor chip shortage amid AI boom

Nvidia Corp. Chief Executive Officer Jensen Huang, fresh off an upbeat quarterly report that sent his company’s shares to a record high, dispelled one of investors’ biggest concerns: that chip production won’t keep up with demand.

Though Nvidia didn’t give long-term projections Wednesday, Huang said that supply will “substantially increase for the rest of this year and next year.” The company relies on vendors such as Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. for components, and a lack of adequate inventory was seen as a challenge to its growth run.