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Nvidia Is Coming for Intel's and AMD's Lunch, Too, With New Chip Designs

Nicholas Rossolillo, The Motley Fool
·4-min read
Nvidia Is Coming for Intel's and AMD's Lunch, Too, With New Chip Designs

The world has gone crazy over generative artificial intelligence (AI), and we have Nvidia's (NASDAQ: NVDA) financial outlook for the ages to thank for it. Fueled by rising demand for generative AI services like ChatGPT, Nvidia said its quarterly revenue is poised to skyrocket from $7.2 billion last quarter (the three months ended in April 2023) to $11 billion next quarter, and sustain at a similar level for the rest of this year. Growth like this from a company of such size is incredibly rare, and Nvidia is keeping its foot on the gas.

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