This article originally appeared on Business Insider.
Nvidia’s CEO recently shed some light on the allocation of the most in-demand chips.
The comments brought Meta boss Mark Zuckerberg’s vast stockpile back into the spotlight.
Jensen Huang told investors on Wednesday that the company is doing its best to share chips fairly amid unprecedented demand.
“We do our best to allocate fairly and avoid allocating unnecessarily,” Huang said on a call with analysts after Nvidia’s fourth-quarter results.
Huang was responding to a question about chip distribution among companies fighting for limited supply, many of which are competitors.
“At the core of this, we want to allocate equitably, avoiding waste and looking for opportunities to connect partners and end users,” he said.
Meanwhile, Zuckerberg is pushing ahead with his plan to acquire hundreds of thousands of chips as part of his ambition to create a “premium product group” focused on generative AI.
Last month, Zuckerberg told The Verge that Meta would have more than 340,000 Nvidia H100 GPUs – the leading chip companies use to train and deploy AI models – by the end of 2024.
Taking chips of other types into consideration, the CEO said he expects Meta to have amassed 600,000 GPUs by the end of the year, the report said.
The surge in global chip demand has boosted Nvidia’s stock significantly over the past 12 months.
The AI chipmaker reported better-than-expected quarterly revenue on Wednesday, with revenue of $22.1 billion in the fourth quarter, up 265% year over year. Nvidia shares rose nearly 15% in premarket trading after posting successful sales, Business Insider reported.
Meta did not immediately respond to BI’s request for comment.