From Nasdaq: 2024-11-08 17:15:00

Nvidia CEO Jensen Huang announced a new partnership with Lenovo to accelerate enterprise sales. Nvidia’s revenue comes mainly from tech giants like Microsoft and Amazon, but there’s risk in relying on a small customer base. The new platform, “Lenovo Hybrid AI Advantage with Nvidia,” focuses on agentic AI, promising increased efficiency and profitability for businesses.

The success of Nvidia’s new platform will depend on agentic AI delivering its promised value. Nvidia is still seeing massive growth from the sale of its flagship AI chips, with demand not slowing down. While competition from AMD is heating up, Nvidia is currently in a strong position to defend its top spot in the market.

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Read more at Nasdaq: CEO Jensen Huang Just Delivered Fantastic News for Nvidia Investors