Nvidia’s CEO, Jensen Huang, has reason to be concerned about other chipmakers, like AMD.
But he’s not worried about Nvidia’s own big customers turning into competitors.
Amazon, Facebook, Google and Tesla are among the companies that buy Nvidia’s graphics cards and have kicked off chip-development projects.
“There’s really one I know of that have silicon that’s really in production,” Huang told CNBC in an interview on Thursday.
That company would be Google, he said.
“But our conversation with large customers is intensifying,” Huang said. “We’re talking to more large customers.”
Nvidia was one of the major beneficiaries of the recent wave of interest in artificial intelligence. The company’s stock multiplied more than ten-fold in less than three years as major companies rushed to buy chips that could smarten up their own applications, offer AI services to other companies — or both. Inventory issues and a sudden drop in demand for cryptocurrency mining put a stopto the meteoric rise, but Nvidia continues to talk up the impact and market potential of AI, even as gaming remains its biggest source of revenue.
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