Nvidia CEO: China's AI Is Already As Good As The US
Briefly

Nvidia CEO Jensen Huang stated that China's AI capabilities have reached an advanced level that rivals those in the U.S., challenging the notion of American dominance in AI technology. He suggested that the emergence of powerful AI models running on less expensive chips might reduce demand for Nvidia's high-end GPUs, especially given U.S. export restrictions. While Nvidia's stock has seen remarkable growth over the past five years, the company could face valuation pressures as competition intensifies globally and the differentiation of chips diminishes.
Huang's comments reflect a shift in the global AI landscape, indicating that Chinese AI capabilities are now on par with those of the U.S., challenging existing assumptions.
Despite Nvidia's spectacular stock performance of 1800% growth over five years, there are potential valuation pressures due to slowing earnings and increased competition.
Read at 24/7 Wall St.
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