Nvidia’s Shareholder Meeting Highlights New AI Opportunities and Approvals – Huang Expects Big Success for Blackwell

At its annual shareholder meeting on Wednesday, Nvidia announced that all four proposals presented were approved by investors. CEO Jensen Huang also spotlighted the company’s new Blackwell platform and the growing opportunities as artificial intelligence (AI) technology evolves.

Investors approved the executive pay structure, re-elected the board, ratified an accounting firm, and supported an advisory proposal from an investor. Notably, CEO Jensen Huang’s total compensation for fiscal year 2024 was reported at $34.2 million, reflecting an increase of nearly 60% from the previous year. This rise in compensation aligns with Nvidia’s performance-based pay structure, which has surged due to the stock’s significant gains.

In addition to executive pay, shareholders re-elected 12 directors to Nvidia’s board and confirmed PwC as the company’s independent registered public accounting firm for fiscal 2025. An advisory proposal from investor John Chevedden, which called for replacing supermajority voting provisions with simple majority voting standards, was also approved.

During the meeting, Huang highlighted Nvidia’s upcoming Blackwell architecture platform, predicting it would be the most successful product in the company’s history and possibly in the history of computing. Unveiled in March, the Blackwell system has been described by analysts as Silicon Valley’s “most ambitious project.”

Huang emphasized that Blackwell is set to be adopted by major cloud service providers and leading AI companies, including Amazon, Alphabet’s Google, Meta, Microsoft, OpenAI, Tesla, and Elon Musk’s xAI. He discussed Nvidia’s growth prospects amid the AI boom, noting opportunities in robotics and sovereign AI.

Huang shared that the next wave of AI is poised to automate heavy industries worth $50 trillion. He described future robotics factories where robots would build other robots and products, with Nvidia positioned to benefit significantly. Additionally, Huang noted that as demand for sovereign AI—nations producing AI using their own infrastructure and data—grows, Nvidia stands to gain from this advancement.

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