oops, I hope nobody is short NVDA. This is going to be their biggest loss in 10 yrs.
NVDA new AI processor X25-30 faster, and uses X25 less energy! It is expected to ship later this year. Jensen Huang said he is chasing a data center market potentially greater than $250 billion.
Huang estimated that companies operating data centers will spend more than $250 billion a year to upgrade them with accelerated Nvidia processor, a market growing by as much as 25% a year.
NVDA is shifting from selling single chips to selling total systems, winning a larger chunk of spending within data centers.
"Nvidia doesn't build chips, it builds data centers," Huang said.
Nvidia also detailed a new set of software tools to help developers sell artificial-intelligence models more easily to firms that use its technology.
Nvidia is working with contract chip manufacturer TSMC to avoid bottlenecks in packaging chips.
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