Tesla, Meta, Microsoft, and Alphabet All Just Shared Magnificent News for Nvidia Investors [Yahoo! Finance]
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Source: Yahoo! Finance
Four of the biggest tech companies in the world all reported very strong demand for AI applications, and that's great news for Nvidia (NASDAQ: NVDA) . The chipmaker designs the leading GPUs for training the large language models powering new generative AI applications. It could see a big increase in business based on recent management commentary from Tesla (NASDAQ: TSLA) Meta Platforms (NASDAQ: META) Microsoft (NASDAQ: MSFT) , and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) Here's what they had to say and what it all means for Nvidia and its investors. Tesla plans to increase its Nvidia chips by 140% Tesla plans to unveil its robotaxi in August. The Cybercab relies on Tesla's full self-driving (FSD) capabilities, which use artificial intelligence to make real-time driving decisions. To train that AI, Tesla has rapidly expanded its AI training infrastructure. CEO Elon Musk says the company doubled its training compute power sequentially in the first quarter. What's more, he expect
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