Huang said the chip will be “the engine of the world’s AI infrastructure.” Hopper provides a ninefold improvement in performance over the Ampere architecture, the CEO said. The company introduced the H100, a processor with 80 billion transistors, which it calls the “world’s most advanced chip.” In his keynote, Huang unveiled Nvidia’s new “Hopper” chip family, named for the computer-science pioneer Grace Hopper, which succeeds the Ampere AI chip architecture the company announced two years ago. CFO Colette Kress did say that Nvidia has repurchased $2 billion of stock in the current quarter, and noted that the company has $5.2 billion remaining on its current stock buyback authorization.

The company did not provide any update to financial guidance during the presentation to analysts. It sees $300 billion in revenue from the automotive industry, another $300 billion in chips and systems, $150 billion each from AI enterprise software and “Omniverse” enterprise simulation software, and $100 billion from videogaming.

In a slide during the presentation, the company broke down the $1 trillion opportunity this way. In kicking off a highly anticipated virtual meeting with analysts following his speech, Huang said Nvidia is targeting industries with $100 trillion in revenue, adding that he considers 1% of that total-$1 trillion-to be the company’s total addressable market.

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