Nvidia's Huang: $1T Chip Backlog, AI Surge
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Nvidia CEO Jensen Huang predicts a surge in AI, with a one trillion dollar backlog in chip orders by year-end. The companys revenue skyrocketed from twenty-seven billion to two hundred sixteen billion dollars, pushing its market value to four point five trillion dollars. Despite rivals and trade restrictions, Nvidia secured a multi-billion dollar deal with Groq, focusing on inference processors. Experts forecast Nvidias revenue to reach three hundred thirty billion dollars next year, potentially surpassing six trillion dollars in market value.
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