Nvidia, a computer chip maker, is set to release its latest financial results amid a race among rival companies to catch up in fueling the rise of artificial intelligence. The demand for AI products that can create documents, images, and act as personal assistants has led to soaring sales of Nvidia’s specialized AI chips. Big tech players like Amazon, Google, Meta, and Microsoft are signaling that they will increase spending on chips and data centers for AI systems, with many relying on Nvidia’s chips. However, some are working to reduce their dependence by developing their own technology.
Nvidia, based in Santa Clara, California, has gained an early lead in adapting its technology to AI applications, thanks in part to CEO Jensen Huang’s vision more than a decade ago. The company also produces chips for gaming and automotive applications. The release of Nvidia’s quarterly results will shed light on the company’s performance in the AI market, where it has become a key player. Nvidia’s stock has made it the third-largest on Wall Street, highlighting its significance in the market.
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