Nvidia Poised for Record Sales as AI Demand Kicks In

The graphics-chip giant gives a strong outlook, driven by growing appetite for generative AI technology

As tech giants such as Google, Microsoft, Amazon and Facebook rush to build AI capabilities similar to ChatGPT, they need pricey chips.

Chip giant Nvidia is starting to capitalize on the craze for language-generating artificial intelligence, projecting a more than 64% jump in sales as the company rushes to get more processors in customer hands to satisfy booming interest in the technology.

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