Nvidia CFO Said Steep Increase In Demand Related To Generative AI And Large Language Models Has Extended Our Data Center Visibility Out A Few Qtrs; We Have Procured Substantially Higher Supply For H2 -Conf Call
Portfolio Pulse from Charles Gross
Nvidia's CFO reported a steep increase in demand related to generative AI and large language models, extending their data center visibility out a few quarters. The company has procured substantially higher supply for H2.
May 24, 2023 | 9:35 pm
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Nvidia experiences a surge in demand for generative AI and large language models, leading to extended data center visibility and increased supply procurement for H2.
The steep increase in demand for Nvidia's generative AI and large language models indicates a growing market for their products. This extended data center visibility and increased supply procurement for H2 suggest a positive outlook for the company's performance, potentially leading to a short-term increase in stock price.
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