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Demand for Nvidia chips is so high that Jensen Huang had to assure analysts that the company is distributing them "fairly"

Demand for Nvidia chips is so high that Jensen Huang had to assure analysts that the company is distributing them "fairly"
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Currently, there is such a high demand for AI chips from Nvidia that co-founder and CEO Jensen Huang had to assure that the company distributes them "fairly."

We are doing everything possible to distribute them fairly and avoid unfair distribution.

- Huang during a conversation with analysts after the announcement of the fourth quarter results.

Huang was responding to a question about how Nvidia distributes chips among all companies - many of which are competitors with each other, reports Business Insider. Jensen also added that Nvidia collaborates with cloud service providers to meet their expectations and deadlines.

At the same time, Nvidia reported another impressive quarter, when it generated $22.1 billion in revenue, which is 265% higher than the previous year, exceeding Wall Street's expectations.

The chipmaker's stock has been rising over the past year after the boom in artificial intelligence, sparked by ChatGPT from OpenAI, brought this technology into the mainstream. Over the last 12 months, Nvidia's shares have more than doubled, causing analysts to speculate whether the chip giant will exhaust its supplies.

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