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Nvidia is taking the lead in the current earnings season, even before releasing its financial results.
Major tech companies are indicating on their earnings calls that they are increasing their investments in AI infrastructure.
One of the key products driving this trend is Nvidia’s H100 GPU chip, which has been specifically mentioned by some of these companies.
Nvidia continues to dominate the first-quarter earnings season without even disclosing its results yet.
Several prominent tech giants, who are also Nvidia’s major clients, have indirectly acknowledged the company’s performance.
Terms like “AI Infrastructure,” “generative AI,” and “infrastructure capex” have been consistently highlighted in the earnings calls of Microsoft, Alphabet, Amazon, and Meta Platforms, indicating a growing allocation of funds towards Nvidia’s highly sought-after H100 GPU chip.
Nvidia’s H100 GPU, priced at over $40,000, powers AI technologies like ChatGPT, Anthropic,…
2024-05-05 18:16:13
Originally posted on finance.yahoo.com