Tech
Nvidia CEO says AI boom far from over
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Nvidia CEO Jensen Huang on Wednesday dismissed concern about an end to a spending boom on artificial intelligence chips, projecting opportunities will expand into a multi-trillion-dollar market over the next five years.
Huang sought to reassure investors rattled by indications of slowing growth at the chipmaker at the centre of the investment frenzy. Nvidia earlier in the day forecast third-quarter revenue meeting analyst estimates but short of the lofty expectations that have sent its share price up roughly one-third this year.
The founder and CEO’s…
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