When Nvidia CEO Jensen Huang takes the stage this week for the company’s annual software developer conference, he will defend his nearly $3 trillion chip company’s dominance as pressure mounts on its biggest customers to rein in the costs of artificial intelligence.
Nvidia’s conference comes after China’s DeepSeek spooked U.S. markets with a competitive chatbot it alleged took less computing power than rivals to create. Nvidia’s (NVDA.O), opens new tab stock dropped because selling computing power in the form of chips that cost tens of thousands of dollars apiece is what helped Nvidia’s revenue more than quadruple over the past three years to $130.5 billion.
Source: https://www.reuters.com/
