Nvidia Corp (NASDAQ: NVDA) will likely get relief from supply chain pressure as reports suggest Samsung Electronics Co (OTC: SSNLF) has won the contract to supply advanced memory chips to the artificial intelligence kingpin.
The South Korean electronics giant will provide a newer generation of memory HBM3 to Nvidia as it struggles to keep up with the surging AI demand, Bloomberg reports.
Also Read: Google Cloud and Nvidia Join Forces: Analysts Optimistic on Alphabet's AI-Driven Future
Previous reports indicated that Nvidia's supply issues could create opportunities for Advanced Micro Devices, Inc (NASDAQ: