Posted 1/30/2024, 10:00:00 AM
Nvidia Soars on AI Chip Demand, But Faces Risk as Big Tech Customers Build Their Own
- Nvidia's stock is up 30% in 2022 due to its leadership in AI chips
- Microsoft and Meta are Nvidia's biggest customers, spending $9B on its chips
- However, Microsoft, Google, Amazon, and Meta are all developing their own AI chips
- This allows Big Tech to reduce reliance on Nvidia and costs for AI development
- For Nvidia's growth to continue, large customers need to keep spending more on its chips