Jensen Huang, Nvidia CEO, dismisses concern about the end of spending boom on AI chips. Here’s WHY

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Dismissing concerns about an end to a spending boom on class=”backlink” target=”_blank” href=”https://www.livemint.com/companies/company-results/instant-view-nvidia-q3-revenue-forecasts-suggest-ai-trade-has-more-to-run-11756330597982.html” data-vars-page-type=”story” data-vars-link-type=”Manual” data-vars-anchor-text=”artificial intelligence”> artificial intelligence chips, Nvidia CEO Jensen Huang on Wednesday projected opportunities will expand into a multi-trillion-dollar market over the next five years, reported Reuters.

The Nvidia CEO tried to reassure investors rattled by indications of slowing growth at the chipmaker. Earlier in the day, Nvidia forecast third-quarter revenue meeting analyst estimates. However, it fell short of the lofty expectations, which sent its share price up roughly one-third this year.

Huang’s bullish outlook…



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Jensen Huang, Nvidia CEO, dismisses concern about the end of spending boom on AI chips. Here’s WHY


Dismissing concerns about an end to a spending boom on class=”backlink” target=”_blank” href=”https://www.livemint.com/companies/company-results/instant-view-nvidia-q3-revenue-forecasts-suggest-ai-trade-has-more-to-run-11756330597982.html” data-vars-page-type=”story” data-vars-link-type=”Manual” data-vars-anchor-text=”artificial intelligence”> artificial intelligence chips, Nvidia CEO Jensen Huang on Wednesday projected opportunities will expand into a multi-trillion-dollar market over the next five years, reported Reuters.

The Nvidia CEO tried to reassure investors rattled by indications of slowing growth at the chipmaker. Earlier in the day, Nvidia forecast third-quarter revenue meeting analyst estimates. However, it fell short of the lofty expectations, which sent its share price up roughly one-third this year.

Huang’s bullish outlook…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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