"Computing demand is growing exponentially. Our customers are racing to invest in AI compute the factories powering the AI industrial revolution and their future growth. While providing chips for companies across the AI sector, in recent weeks Nvidia has also laid out plans to generate demand with new technologies of its own."
"AI is accelerating faster than people not using these tools can grasp. The buildout was likely to continue for a long time, according to Gene Munster, manager partner at Deepwater Asset Management, suggesting sustained investment in AI infrastructure and chip demand."
"Critics have raised the spectre of circular financing deals in which investments by Nvidia in other companies may be clouding perceptions about how robust AI demand really is, raising questions about the sustainability of current growth trajectories."
Nvidia achieved record fourth quarter revenue of $68.1 billion, representing a 73% increase compared to the previous year, surpassing analyst expectations. The company generated total annual revenue of $215.9 billion and maintains a positive outlook for future periods. As the world's most valuable publicly-traded company with a market cap of approximately $4.8 trillion, Nvidia supplies sophisticated chips to major AI developers including OpenAI and Meta. CEO Jensen Huang attributed the growth to exponential computing demand and customers' investments in AI infrastructure. However, critics have questioned the sustainability of AI demand, citing concerns about circular financing arrangements. Nvidia faces geopolitical challenges regarding chip sales to China, with recent regulatory changes allowing limited H200 chip exports under specific conditions.
Read at www.bbc.com
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