Nvidia teams up with Hugging Face to offer cloud-based AI training
TechCrunchAPR 22 2023
While Nvidia's rapid growth in 2023 has recently been offset by many investors pulling out of their positions due to satisfactory profit margins and murmurs of a bubble burst, the AI boom is set to continue in 2024 — spearheaded by the tech giant. AMD and Intel remain far behind Nvidia to lead the market in AI chip production, and as the sector inevitably continues to grow, Nvidia will reach new heights as its stock price looks set to continue in the fast lane.
The current hype surrounding Nvidia won’t last forever. While riding high on the AI hype and beating market expectations, bullish predictions over the chipmaker's future have boiled over into irrational euphoria. Do not be disappointed if current growth driven by risky and unfounded AI hype does not materialize into an unstoppable upward trend.