Bloomberg Daybreak: US Edition Daybreak Weekend: Nvidia Earnings, Fed Minutes, Fashion Week
Feb 17, 2024
Join Bloomberg Daybreak Weekend as they discuss Nvidia's earnings growth and AI plans, European fashion weeks, and the Reserve Bank of Australia's upcoming minutes. Dive into the world of luxury brands post-pandemic, London's innovative fashion scene, and economic debates on rate cuts and rising costs.
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Nvidia's AI Dominance
- Nvidia's success is driven by its dominance in GPUs for AI development.
- Hyperscalers rely on Nvidia's products to build AI infrastructure, leading to massive revenue growth.
Nvidia's Customer Base
- Nvidia's primary customers are hyperscalers like Microsoft, Amazon, and Google.
- These companies use Nvidia's GPUs in their data centers to power AI development.
Nvidia's Competition
- Nvidia's main competitor in the GPU market is AMD, which is ramping up production of its MI300 series.
- AMD is focusing on the "inference" stage of AI, where models are used in real-world applications.