Why can't Nvidia keep up with the demand for AI chips?
NVIDIA Corporation (NASDAQ:NVDA) shares closed slightly higher during Wednesday's session, continuing its rally. The chipmaker giant's stock has gained every trading session since releasing its stronger-than-expected earnings report last Wednesday. Since then, shares of Nvidia has jumped around 21%. On May 22, Nvidia reported better-than-expected financial results for its first quarter and issued strong guidance for the second quarter. The company announced a 10-for-1 stock split and raised its
The "Ultra Accelerator Link," is an attempt to establish an open standard for communication between artificial intelligence accelerators - systems that can help process the vast amounts of data employed in AI tasks. Other members of the grouping include Alphabet-owned Google, Cisco System, Hewlett Packard Enterprise and Intel. Nvidia, the biggest player in the AI chip market with a share of around 80%, is not part of the grouping.