Seeking Alpha’s roundup of statements and remarks that could impact markets, sectors, or individual stocks.
- Nvidia (NVDA) CEO Jensen Huang said that the massive investments tech companies have been making in AI infrastructure are justified and sustainable.
“The reason for that is because all of these companies’ cash flows are going to start rising,” Huang said in an interview with CNBC.
Huang went on to call the AI buildout “the largest infrastructure buildout in human history,” driven by “sky-high demand for computing power.”
The Nvidia CEO also highlighted Anthropic (ANTHRO) and OpenAI’s (OPENAI) success.
“Anthropic is making great money. OpenAI is making great money,” Huang said. “If they could have twice as much compute, the revenues would go up four times as much.”
Nvidia is an investor in Anthropic and has plans to participate in OpenAI’s next funding round, CNBC added.
- Goldman Sachs (GS) and Anthropic (ANTHRO) are developing AI agents based on Anthropic’s Claude model for use in performing certain bank tasks.
The project, which is still early-stage, will focus on developing agents to assist in trades/transactions accounting and client vetting/onboarding, Goldman CIO Marco Argenti told CNBC.
“Think of it as a digital co-worker for many of the professions within the firm that are scaled, complex, and very process intensive,” Argenti added.
- Intel (INTC) and Advanced Micro Devices (AMD) are experiencing delays in shipping chips to Chinese customers due to CPU shortages.
According to Reuters, Intel has told buyers in China that delivery could take up to six months, which has pushed up prices for Intel server products by over 10% for many customers.
AMD has likewise warned buyers that delivery lead times for some products could be pushed out by as much as 10 weeks, Reuters added.