TECH - Nvidia's AI Dominance Evident As Tech Behemoths From Microsoft To Meta And Google Keep Pumping Billions Into Chipmaker Analysis Reveals | Benzinga
NVIDIA Corp (NASDAQ:NVDA) is set to release its first-quarter earnings, and the company is already making waves in the AI sector. The tech giant’s AI infrastructure is in high demand, as evidenced by the increased capital expenditures of its major clients.
What Happened: Mega-cap tech companies are making substantial investments in Nvidia’s AI technology. According to an analysis from Business Insider, Nvidia’s H100 GPU chip, priced at over $40,000, plays a crucial role in powering AI advancements like ChatGPT and Anthropic.
Notably, Elon Musk announced on Tesla‘s earnings call that the company will double its H100 GPU chips by the end of the year. This expansion will further enhance Tesla’s Full Self-Driving software.
“We’ve installed and commissioned, meaning they’re actually working, 35,000 H100 computers or GPUs,” Musk said last month. “Roughly 35,000 H100s are active, and we expect that to be probably 85,000 or thereabouts by the end of this year.”
Meta Platforms has also increased its capex forecast for 2024, citing the buildout of its “infrastructure investments to support our AI roadmap.” The company has already purchased 850,000 H100 GPUs from Nvidia, with a retail value of approximately $30 billion.
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Microsoft and Alphabet ...