This is a sign of the tech industry’s next big boom. Nvidia predicts the rapid growth that is already in the huge demand for the chips used for building artificial intelligence systems.
Silicon Valley’s company’s production is called the graphical processing units or the through the GPUs.These are used for creating the vast majority of AI systems. That also includes the popular chatGPT chatbots. Every tech company is taking their hands on them to produce the best products.
Nvidia also says the heavy demand for cloud computing services is the reason for the heavy demand for chips. The customers for the chips are required to power the AI system and it also increases the revenue for it;s second quarter. This will also end in July and jump to 101 percent from the previous year.
The financial performances of the chip makers are considered a harbinger for the rest of the tech industries. The Nvidias are strong results showing the ups and downs of the tech stocks even on Wall Street. But other tech companies like Google and Microsoft are spending billions and making very little on AI.
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