Nvidia's AI Chip Sales Soar, Despite China Hiccups

Nvidias Q3 earnings surpassed expectations, boosting stock prices and reflecting optimism in the AI tech sector. The companys dominance in AI chips, particularly GPUs, was highlighted, with CEO Jensen Huang expressing confidence in their products and the companys future. Huang addressed concerns about an AI market bubble, explaining the growing uses for AI and the increasing demand for computing power. Nvidias long-term outlook remains strong, with a forecast of half a trillion dollars in AI chip orders for 2025 and 2026. However, sales of their H20 chips to China remain low due to geopolitical issues and increased competition.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.