Reported 2 months ago
Nvidia is expected to reap billions from the surge in AI investments, as major tech companies plan to increase spending on AI infrastructure. With a market value surpassing $3.3 trillion and a commanding 80% share of the AI chip market, Nvidia is well-positioned for growth. The company is preparing to launch its Blackwell line of processors, amidst forecasts that total AI spending will exceed $630 billion by 2028. This financial momentum is highlighted by significant capital spending plans from Amazon, Meta, Microsoft, and Google, indicating a fierce competition in the AI sector.
Source: YAHOO