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Nvidia CEO Jensen Huang becomes stock kingmaker by name-dropping Dell, Ansys

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Nvidia CEO Jensen Huang becomes stock kingmaker by name-dropping Dell, Ansys

NVIDIA CEO Jensen Huang's keynote presentation announcing the new processor design, Blackwell, had minimal impact on the company's stock performance. However, his mention of other companies during the presentation proved beneficial for them. Engineering software makers Synopsys, Cadence Design Systems, and Ansys saw their stocks rise after Huang revealed that they would incorporate the new Blackwell-based processors for AI enhancements. Dell Technologies also experienced a stock increase after Huang acknowledged the company's expertise in building large-scale enterprise systems. Software makers SAP and ServiceNow also saw their stocks rise as they utilize NVIDIA's platform for service development.

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