Elon Musk And Oracle's Larry Ellison 'Begged' Jensen Huang For Nvidia GPUs At A Dinner: 'Please Take Our Money'
Portfolio Pulse from Benzinga Neuro
Elon Musk and Larry Ellison requested more Nvidia GPUs from CEO Jensen Huang during a dinner, highlighting the high demand for Nvidia's AI chips. Oracle and Tesla both rely on Nvidia's technology for AI applications, amid a global chip shortage.
September 17, 2024 | 10:06 am
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POSITIVE IMPACT
Nvidia is experiencing high demand for its GPUs, with key figures like Elon Musk and Larry Ellison seeking more supply. This demand is driven by AI applications, despite a global chip shortage.
The news highlights the strong demand for Nvidia's GPUs from major tech leaders, which is likely to positively impact Nvidia's stock price in the short term. The global chip shortage further emphasizes the value of Nvidia's products.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Oracle's strong relationship with Nvidia and its investment in AI technology positions it well amid the current GPU demand. Larry Ellison's efforts to secure more GPUs reflect Oracle's strategic focus on AI.
Oracle's reliance on Nvidia's GPUs for AI applications and its proactive approach to securing more supply suggest a positive impact on its stock, as it positions itself to benefit from AI advancements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Tesla's reliance on Nvidia GPUs for self-driving technology highlights the importance of securing more supply. Elon Musk's efforts to obtain more GPUs reflect Tesla's strategic needs.
Tesla's need for Nvidia GPUs for its self-driving technology suggests a positive impact on its stock, as securing more GPUs is crucial for its technological advancements.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70