Jensen Huang Predicts Every Enterprise On The Planet Will Eventually Run On Nvidia's 'Operating System For AI'
Portfolio Pulse from Rounak Jain
Nvidia Corp. CEO Jensen Huang predicts that every enterprise will eventually use Nvidia's AI 'operating system', as the company hits $1 billion in annualized revenue from its software and services segment. Nvidia's fourth-quarter earnings surpassed expectations, with $22.1 billion reported against an estimated $20.62 billion. Huang emphasizes the importance of Nvidia's software in accelerated computing and expects the company's AI Enterprise to become a significant business. Nvidia, holding over 70% market share in AI chips, sees high demand for its latest AI chip, the H100, and anticipates supply constraints for its next-generation products.
February 22, 2024 | 9:56 am
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Nvidia's CEO Jensen Huang's optimistic outlook on the company's software segment and AI 'operating system', combined with strong Q4 earnings and high demand for its AI chips, positions Nvidia for potential growth.
Jensen Huang's positive outlook on Nvidia's software and services, alongside exceeding earnings expectations and dominating the AI chip market, suggests a strong potential for stock price appreciation in the short term. The anticipation of supply constraints for its next-generation AI chips due to high demand further supports the potential for growth.
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