DI25001 Nvidia V01 100725
NVIDIA First-quarter sales growh 69% First-quarter net income $18.8bn Jensen Huang, Nvidia’s chief executive, was taken to dinner at Nobu Palo Alto by Larry Ellison and Elon Musk, the world’s richest man, in September. “I would describe the dinner as Oracle, me and Elon begging Jensen for GPUs,” Ellison later told analysts. “Please take our money. Please take our money. By the way, I got dinner. No, no, take more of it. We need you to take more of our money please.” Nvidia has positioned itself as the most important supplier in the artificial intelligence revolution. The maker of graphics processing units, first developed for video gaming, has recorded extraordinary results since the launch of ChatGPT in late 2022. Demand for Nvidia’s chips leapt, with sales led by its H100 design, which can run the large-language models that power generative AI programs such as ChatGPT. The technology propelled Nvidia’s valuation above $1 trillion for the first time in June 2023. Las...