The global demand for these chips has significantly boosted Nvidia's stock, with the company reporting a 265% year-on-year increase in revenues to $22.1 billion in the fourth quarter. The announcement led to a nearly 15% surge in Nvidia's stock in premarket trading.
Key takeaways:
- Nvidia chips are in high demand, with the company's CEO, Jensen Huang, stating they are trying to allocate them fairly among tech companies.
- Mark Zuckerberg has stated that Meta plans to own 340,000 Nvidia H100 chips by the end of 2024, contributing to a total of 600,000 GPUs.
- Nvidia's stock has significantly increased due to the high demand for their chips, with a reported 265% year-on-year increase in revenues for the fourth quarter.
- Despite the high demand, Nvidia is trying to avoid waste and is looking for opportunities to connect partners and end users.