Nvidia CEO reports record demand for Blackwell chips, driving major tech investments in AI.
Nvidia's CEO, Jensen Huang, reports "insane" demand for the new Blackwell architecture chips, which are now in full production after initial delays. Major tech companies like Alphabet, Amazon, and Microsoft are investing heavily in AI, driving the need for Nvidia's powerful GPUs. Despite strong performance, Nvidia's stock is attractively priced, with a P/E ratio around 31 and a PEG of 0.87, suggesting it may be a good investment opportunity.
October 06, 2024
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