The article discusses NVIDIA’s recent earnings report, which revealed a slowdown in growth due to weaker demand for gaming chips and data center products. However, CEO Jensen Huang remains optimistic about the company’s future, particularly in the field of artificial intelligence (AI). Huang believes that AI will drive NVIDIA’s next phase of growth, with the company’s chips being essential for powering AI systems. The article highlights NVIDIA’s partnership with Apple, which is expected to use NVIDIA’s chips in its upcoming AI products. Huang also emphasizes the importance of software in the AI industry, stating that NVIDIA’s software stack is a key differentiator. Despite the current slowdown, NVIDIA is positioning itself as a leader in the AI revolution, with its chips and software being crucial components for AI applications across various industries.
Source: https://www.businessinsider.com/nvidia-growth-slowdown-apple-jensen-huang-ai-earnings-2024-8