Nvidia Corp. gave investors what they were looking for this week: concrete evidence that the rise of artificial intelligence is resulting in increased sales. Almost lost in the euphoria the chipmaker set in motion, however, was a warning that not everyone will be joining the party.
Jensen Huang, Nvidia’s chief executive, described what he sees as a shift taking place inside the world’s data centers as companies rushing to add AI computing power are shifting spending to the kind of hardware Nvidia makes. and away Intel Corp.’s most profitable revenue stream, data center processors.
