From CNBC: 2024-04-10 07:04:56

Nvidia’s financial success has been driven by the demand for its GPUs in AI applications like OpenAI’s ChatGPT chatbot. Despite a recent stock price decline, Nvidia reported a 486% increase in earnings per share in the December quarter.

Intel unveiled a new AI chip, Gaudi 3, to compete with Nvidia. The chip is more power-efficient and faster than Nvidia’s H100 GPU. Analysts predict a potential downturn in demand for Nvidia’s stock due to evolving AI models and competition from Intel.



Read more at CNBC: Nvidia (NVDA) stock down 10% from highs, in correction territory