'Godfather Of GPU' Nvidia's Jensen Huang Says 'AI Factories' Will One Day Take Over The World
Portfolio Pulse from Rounak Jain
Nvidia CEO Jensen Huang predicts 'AI factories' will dominate every industry, leveraging Nvidia's 70% market share in AI chips. Nvidia is developing an 'operating system for AI,' which could become a significant business. The company's software services segment recently hit $1 billion in annualized revenue. Nvidia reported $22.1 billion in revenue for the fourth quarter, surpassing expectations. AI factories, powered by Nvidia's AI chips, transform data into valuable outputs, marking a new industry era.
February 22, 2024 | 12:44 pm
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Nvidia's focus on AI factories and its dominant position in the AI chips market, coupled with its development of an AI operating system, positions it favorably for future growth. The company's recent earnings beat and the potential of its software services segment further bolster its outlook.
Nvidia's strategic focus on AI and its significant market share in AI chips suggest a strong growth trajectory, especially with the development of an AI operating system. The company's recent financial performance exceeding expectations further supports a positive outlook for the stock in the short term.
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