Download bubble and10/6/2023 ![]() They are trying to get their hands on every system they can get. It’s pretty safe to say that the hyperscalers are leading this, then the biggest enterprises are next. ![]() “Not only it is an arms race, it is a supply race. “It is somewhat unique to Nvidia,” said Daniel Newman, principal analyst and founding partner at Futurum Research. Much of the tech sector will be in investing and spending mode for a while - which is great for Nvidia, but not a guarantee that other tech companies will soon see the same returns. The theory would be that after that money surges into Nvidia, it will soon move to the companies buying the tech from Nvidia in order to live up to their AI hype. Those gains rippled throughout the tech sector, as investors were excited to see any company put some actual numbers on this frightening and awesome technology. Seemed to justify the investment this week, stunning Wall Street with a whopping projection for its next quarterly revenue target, fueled in part by sales of Nvidia chips to power AI-driven data centers.
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