According to the Zhitong Finance APP, on Wednesday Eastern Time, NVIDIA (NVDA.US) held its shareholders' meeting. As a leading company in the global artificial intelligence chip market, NVIDIA, after recently becoming the company with the highest market value, has seen its stock price continue to fall. This has drawn widespread market attention to the speech by CEO Huang Renxun. However, the entire meeting seemed to not provide much new information that investors were expecting, and after the U.S. stock market closed on Wednesday, the stock price fell by about 2%.At NVIDIA's annual shareholders' meeting, investors approved all four proposals put forward by the company. Huang Renxun emphasized the company's new Blackwell platform for chip manufacturing and the opportunities the company will gain with the development of artificial intelligence technology.Approval of Executive Compensation and Other ProposalsInvestors approved executive compensation, re-elected the board of directors, approved a set of financial statements, and voted in favor of a shareholder advisory proposal.NVIDIA shareholders expressed satisfaction with the company's performance and approved a non-binding vote called &#34;Say on Pay.&#34; NVIDIA executives' compensation consists of salaries and various restricted stocks. According to the company's annual filing, Huang Renxun received a compensation worth about $34 million in the company's 2024 fiscal year, a 60% increase since 2023.Shareholders also voted to re-elect 12 current directors to the company's board and approved PricewaterhouseCoopers as the independent registered public accounting firm for the company's 2025 fiscal year.Investors also approved a proposal by investor John Chevedden, requesting the board to replace the supermajority voting standard with a simple majority voting standard.Increasingly Fierce CompetitionHuang Renxun commented on the company's achievements, stating that the company's advantage in artificial intelligence chips is due to a bet made over 10 years ago, focusing mainly on billions of dollars in artificial intelligence investments and a team of thousands of engineers.NVIDIA's stock price has surged by over 200% in the past year. Wall Street has been attracted by the company's dominant position in the artificial intelligence chip market. NVIDIA recently split its stock 1:10, with a valuation exceeding $3 trillion, briefly becoming the company with the highest market value.On Wednesday, the first question Huang Renxun answered was about the company's competition, as traditional chip manufacturers and startups are releasing products, attempting to challenge NVIDIA's over 80% market share in the artificial intelligence chip field.Without naming specific competitors, Huang Renxun outlined the company's overall strategy to maintain its position. He believes NVIDIA has &#34;transformed&#34; from its previous gaming business to a company focused on data centers. The company is also seeking to create new markets for its artificial intelligence, such as industrial robots, aiming to collaborate with every computer manufacturer and cloud provider.Huang Renxun stated that their artificial intelligence chips offer the &#34;lowest total cost of ownership,&#34; indicating that while other chips may be cheaper, considering their performance and operating costs, NVIDIA's chips are more cost-effectiveHuang Renxun stated that ultimately, NVIDIA has achieved a &#34;virtuous cycle,&#34; which is a term in the tech industry that refers to when a platform has the most users, enabling it to make necessary improvements to attract more users.Huang Renxun said: &#34;The NVIDIA platform is widely used across all major cloud providers and computer manufacturers, creating a large and attractive installed base for developers and customers, making our platform more valuable to our customers.&#34;Blackwell Could Become the &#34;Most Successful Product&#34;&#34;The Blackwell architecture platform could be the most successful product in our history,&#34; said Huang Renxun at the event, adding that it could be the most successful product in computer history. However, Huang Renxun did not mention when the company's Blackwell will be launched.Analysts say that the Blackwell system launched by NVIDIA in March this year is &#34;the most ambitious project in Silicon Valley.&#34;Huang Renxun emphasized that Blackwell will be adopted by &#34;all major cloud service providers, server manufacturers, and leading artificial intelligence companies,&#34; including Amazon (AMZN.US), Google (GOOGL.US), Meta (META.US), Microsoft (MSFT.US), OpenAI, the maker of ChatGPT, Tesla (TSLA.US), and Musk's xAI.NVIDIA's Role in the &#34;Next Wave&#34; of Artificial IntelligenceThe CEO also highlighted NVIDIA's opportunities in the artificial intelligence boom, including in the fields of robotics and sovereign artificial intelligence.&#34;The next wave of artificial intelligence will automate heavy industries worth $50 trillion,&#34; Huang Renxun said.Huang Renxun also pointed out that with technological advancements, the demand for sovereign artificial intelligence is increasing, and the company's position is rising. Sovereign artificial intelligence is a country's ability to produce artificial intelligence using its own infrastructure and data

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NVIDIA held a shareholders' meeting where investors approved all four proposals, including executive compensation and re-election of the board of directors. Huang Renxun emphasized the development opportunities of the company's new Blackwell platform and artificial intelligence technology. Shareholders expressed satisfaction with the company's performance and approved the non-binding vote. The stock price fell by about 2%. Huang Renxun commented on the company's advantages in artificial intelligence chips and the increasingly fierce competition. NVIDIA's stock price has surged by over 200% in the past year

- Nvidia (NVDA.US) held its shareholder meeting, where CEO Jensen Huang highlighted the company's new Blackwell platform and the opportunities presented by the development of AI technology. Shareholders approved all four proposals put forth by the company, including executive compensation and the re-election of the board of directors. The stock price fell by about 2% after the meeting, as no significant new information was provided. Huang discussed the company's strategy to maintain its dominant position in the AI chip market, despite increasing competition from traditional chip manufacturers and startups.

What are the two areas that the next wave of AI will focus on? What did Huang Renxun say at the NVIDIA shareholders' meeting?