Microsoft May Reveal New AI Chip to Rival Nvidia at Ignite 2023

Microsoft's Ignite 2023 event on Nov. 14 may see the reveal of a new AI chip to challenge Nvidia.

Microsoft wants to reduce reliance on Nvidia and make its own AI chips for data centers.

Microsoft still plans to buy some chips from Nvidia despite making its own.

Microsoft wants to avoid Nvidia's supply issues as demand for AI chips grows.

Microsoft stock price unchanged on Monday morning ahead of potential AI chip news.