Nvidia to release earnings as AI demand continues unabated

Amazon, Microsoft

Nvidia to release earnings as AI demand continues unabated

Rival computer chip makers are racing to catch up but Nvidia still holds a leading edge in powering the artificial intelligence boom as it prepares to release its latest financial results Wednesday

ByThe Associated Press

May 22, 2024, 10:18 AM

    SAN FRANCISCO -- Rival computer chip makers are racing to catch up but Nvidia still holds a leading edge in powering the artificial intelligence boom as it prepares to release its latest financial results Wednesday.

    Demand for generative AI products that can compose documents, make images and serve as increasingly lifelike personal assistants has fueled astronomical sales of Nvidia's specialized AI chips over the past year.

    Tech giants Amazon, Google, Meta and Microsoft have all signaled they will need to spend more in coming months on the chips and data centers needed to train and operate their AI systems.

    Many of them are relying on Nvidia's chips, though some are working on lessening that reliance by developing their own. But the investment by the large AI players has largely benefited Nvidia and other chip makers.

    The company, based in Santa Clara, California, carved out an early lead in the hardware and software needed to tailor its technology to AI applications, partly because founder and CEO Jensen Huang began to nudge the company into what was then seen as a still half-baked technology more than a decade ago. It also makes chips for gaming and cars.

    Nvidia will release its quarterly earnings after the market closes Wednesday. The company's stock has grown into the third largest on Wall Street, making it one of the most influential stocks in the market.

    OTHER NEWS

    20 minutes ago

    Vaughan questions Babar Azam’s skill-set: ‘He would probably not make T20 teams of India, England or Australia’

    20 minutes ago

    Dominik Szoboszlai breaks Euros record in Hungary's 3-1 loss to Switzerland

    20 minutes ago

    Sad fallout from cost-of-living crisis

    21 minutes ago

    Video: Britain's royal family are reunited on Buckingham Palace balcony for stunning RAF flypast with King Charles making sweet gesture to welcome Princess Kate back after her cancer diagnosis

    23 minutes ago

    Shooting in Detroit suburb leaves ‘numerous wounded victims,' authorities say

    27 minutes ago

    Top Ten Euros 2024 Kits

    27 minutes ago

    Sam Mayer Wins Xfinity Race at Iowa, Riley Herbst Retaliates After Checkers

    27 minutes ago

    Draft federal electorate redistribution ‘now complete’

    27 minutes ago

    Italy concedes goal after 23 seconds but recovers to beat Albania 2-1 at Euro 2024

    28 minutes ago

    Source: Bengals WR Tee Higgins signs franchise tender

    28 minutes ago

    Senate Judiciary Chair On Serving A Subpoena To Samuel Alito: ‘It’s Not Going To Happen’

    28 minutes ago

    Duchess of York to headline new Perth festival of bestselling authors

    28 minutes ago

    Are Black Voters Really Swinging Toward Trump?

    28 minutes ago

    Ladies in Black is back, this time in Sydney in 1961, with stars Miranda Otto and Debi Mazar at the helm

    28 minutes ago

    Elle Brooke: 'Influencer boxers like me and Jake Paul are pioneers'

    28 minutes ago

    Spain v Croatia: Euro 2024 cruise for De la Fuente's side as Yamal makes history

    28 minutes ago

    Calgary declares state of local emergency amid prolonged water main repairs

    28 minutes ago

    Joe Alwyn Addresses Taylor Swift Split: “That Is A Hard Thing To Navigate”

    28 minutes ago

    Water crisis leads to uncertainty for Calgary Stampede, chamber warns

    35 minutes ago

    Bizarre moment US Open leader Bryson Dechambeau sneaks into the woods to get stretched out by his trainer... and then immediately hits the longest drive of the day!

    35 minutes ago

    Texan whose husband died by hot tub electrocution at Mexican beach resort files wrongful death suit

    35 minutes ago

    Where to Stay, Shop and Sip This Summer in Paris

    35 minutes ago

    Zelensky: Ukraine to present action plan to Russia at second peace summit

    35 minutes ago

    Wolves lead tributes to Matija Sarkic after death

    35 minutes ago

    The lives of non-mothers: ‘I really wanted a life without children and I wanted to know why’

    35 minutes ago

    Bengals face more extension questions. One should be easy

    35 minutes ago

    Controller vs Wheel: Which Do You Need to Set the Best F1 24 Lap Times?

    35 minutes ago

    From the music to the King's uniform! All the Irish nods at Trooping the Colour 2024

    35 minutes ago

    Ronaldinho rips Brazil ahead of Copa América: 'Worst team in recent years'

    35 minutes ago

    Watch: King Charles and Queen Camilla take part in Trooping the Colour parade

    35 minutes ago

    Italy vs. Albania final score, result as Italians claim nervy win despite conceding fastest goal in Euro history

    35 minutes ago

    Why Longmire chose to bench nine-goal hero Amartey

    35 minutes ago

    There was a bit of rust – Luke Littler comes good to win Poland Darts Open

    35 minutes ago

    Shaheen was 'upset', Rizwan wanted captaincy; Babar Azam-led Pakistan's T20 WC team was 'recipe for disaster': Report

    35 minutes ago

    Stunning start delivers fastest goal ever in Euros

    37 minutes ago

    Multiple people shot at Michigan splash pad park, suspect contained: Police

    39 minutes ago

    Jon Stewart Explains Apple Had “A Different Agenda” For His Canceled ‘The Problem With Jon Stewart’ Show: They “Don’t Want That Smoke”

    41 minutes ago

    After T20 World Cup exit, Pakistan Cricket Board considers reviewing player contracts

    41 minutes ago

    Crows coach Nicks not waving the white flag

    41 minutes ago

    Touching act for brothers killed in Mexico