Nvidia Secures $500B AI Chip Orders, Boosts AI Growth

Nvidias CEO, Jensen Huang, announced a staggering $500 billion in AI chip orders for 2025-2026, surpassing Wall Streets predictions. This figure includes revenue from current and upcoming GPUs, networking equipment, and could add $60 billion to prior data center sales estimates. Despite optimistic projections, Nvidias stock is currently trading lower than when the announcement was made. The company is set to report third-quarter earnings, with analysts expecting a 56% increase in earnings per share compared to last year. Nvidias strategic investments in OpenAI and Nokia, along with its extensive customer base, position it well for continued growth in the AI market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.