Dear Microsoft Stock Fans, Mark Your Calendars for Nov. 14

InvestorPlace2023-10-10

Microsoft (MSFT) stock is preparing for a major event on Nov. 14.That’s when Ignite 2023 is set to take place.Reports claim the company is going to reveal its own AI chip at the event.Fans of ...

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Andrewinho
2023-10-10
Andrewinho
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One rumor that investors will want to note is the prospect of Microsoft revealing a new artificial intelligence (AI) chip at the event!Considering the recent surge in AI, it makes sense that Microsoft would want to get in on the action. This would have it challenging Nvidia (NASDAQ: NVDA), which has been dominating the AI chip space with its own offerings.Why MSFT Wants to Make Its Own AI ChipsHowever, reports claim that Microsoft is more interested in reducing its reliance on Nvidia rather than directly taking it on. That would reportedly see its AI chips used in its own data centers. the reports also alleged that MSFT will still continue to buy chips from Nvidia even after developing its own.Of course, another issue with Nvidia that Microsoft wants to get around is increasing demands. As the AI hype continues, Nvidia is struggling to keep up with demand for its graphics processing units (GPUs). 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