facebook rss twitter

Nvidia CEO justifies investing during recession

by Sylvie Barak on 5 October 2009, 14:30

Tags: NVIDIA (NASDAQ:NVDA)

Quick Link: HEXUS.net/qaub5

Add to My Vault: x

Investing in the future

Huang explained that he would always consider four factors when deciding on a direction for investment, including whether it has been done before, whether it's difficult to do, whether the firm has particular capabilities to be able to do it better than anyone else and whether it would make money eventually. The last factor, he claimed, was not always easy to assess initially.

According to the Nvidia chief, every 15 years or so, something dramatic would happen in the industry which would completely transform it. "When you increase computing performance by one thousand times, a dislocation of value will occur and the industry will change, and amazing things will happen," he said.

"Our purpose is to help cultivate and help inspire other companies' endeavours to create what likely will be one of the most important ecosystems of the world, the beacon that will take computing to the next level," he continued.

Huang confided that the priorities in his business were his employees, his customers and his shareholders, but shrugged off the importance of personal wealth like only a multi-millionaire can, claiming a person was a lot more than how they made their money. 

"Your greatest single asset is your enthusiasm," he intimated as the audience wiped their 'tear-filled' eyes.

As ever, Nvidia, the enthusiasm is definitely there, it's just time to see the results.

 



HEXUS Forums :: 2 Comments

Login with Forum Account

Don't have an account? Register today!
“Your greatest single asset is your enthusiasm,” - and a box of wood screws to hold it all together ;)
If only more big businesses looked after their long term interests, instead of sacrificing them for short term gain then we wouldn't be in this bloody mess.