Nvidia’s second quarter results were far from the blow the company needed to distance itself from the tech industry-wide downturn (AMD had already exceeded positive expectations). Earnings he had at $6.7 billion ($8.1 billion, 21% lower than expected), Nvidia employees weren’t sure how solid their position was, especially given macroeconomic factors such as rampant inflation. I was wondering if there is.
To clean the air, Nvidia CEO Jensen Huang said: Wrote an internal memo to the employee It was meant to give them rest: no layoffs planned. In fact, Nvidia is stepping up its commitment to the talent that has made him one of the industry’s juggernauts.
“So what does this mean for us? Will there be layoffs? I did.” He wrote in a note shared by Business Insider. Of course there are no layoffs planned at the moment as having a plan is a surefire way to have to change it, but this doesn’t mean there aren’t any at all, nor does it mean the strategy won’t be fixed anytime soon. . At a later date.
It should be noted that the big three CPU and GPU companies (AMD, Intel, and Nvidia) have all tightened their belts somewhat, at least when it comes to getting some new blood. All three companies had noticeably lower job postings in his two-month period, with Intel and its 68% decline in job postings leading that particular metric.
The memo did not clarify exactly how the raise was materialized, but the wording implies that it was an actual raise. It is possible that he was given a pay raise in , but it has not been confirmed at this time.
Huang reiterated that the company’s strategy is not to cut, but to streamline the use of existing processes and materials. “We find every opportunity for exploitation and reuse and execute the extreme collaboration that characterizes our culture. We find and eliminate all wasted time, processes and materials.” he wrote “We will use this opportunity to make Nvidia even faster, leaner and more agile.”
Interestingly, Huang concludes the email by mentioning the company’s strategy for future growth opportunities: pursuing artificial intelligence and the metaverse. Nvidia already has an incredibly strong position in AI acceleration through the software expertise brought to it by GPUs, the upcoming Grace “superchip”, and his CUDA software her package.
The Metaverse and its requirements for extreme graphics computing power to power digital experiences also naturally lean to Nvidia’s strengths. The Metaverse is projected to experience extreme growth during the remainder of this decade, with a theoretical industry value of $1.607 trillion (Over 43% CAGR). And this is a strong motivator for his Nvidia gaming offerings, which saw him post a solid 44% decline in the second quarter, the worst for the company’s profits.
Nvidia is also looking to carve out its own space in the field of quantum computing, focusing on providing software-based solutions that enable researchers around the world to work seamlessly through cloud-delivered services. increase. The aim here is to provide an abstraction layer between different quantum computing solutions as they expand their market reach, and to aid in integration between quantum solutions in high-performance computing (HPC) scenarios. It seems to be.
“So let’s maximize our alertness and agility, put our engines full throttle, and leapfrog the challenges at hand while continuing to do impactful work.” he finished
