Nvidia's AI-oriented data center division experienced a remarkable 61% YoY revenue growth in a recent quarter, largely attributed to the high demand for GPUs in AI tasks such as deep learning. Nvidia's AI boom is still in the early stages. It will continue growing substantially for years as more companies adopt AI and many domains are transformed by the technology. Nvidia's steep pricing might drive increased competition in AI hardware, potentially leading companies like Intel and AMD to challenge its market dominance as technologies evolve.
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00:00 It's Benzinga and here's what's on the block.
00:02 NVIDIA's AI-oriented data center division experienced a remarkable 61% year-over-year
00:07 revenue growth in a recent quarter, largely attributed to the high demand for its GPUs
00:12 in AI tasks such as deep learning.
00:14 NVIDIA's AI boom is still in the early stages and will continue growing substantially for
00:18 years to come as more companies adopt AI and many domains are transformed by the technology.
00:24 NVIDIA's steep pricing might drive increased competition in AI hardware, potentially leading
00:28 companies like Intel and AMD to challenge its market dominance as technologies evolve.
00:33 For all things money, visit Benzinga.com.
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