Nvidia Surpasses Q2 Expectations, Launches AI Blueprints

Nvidia has exceeded analyst expectations in its second fiscal quarter driven by high demand for its AI chips used in large language models like ChatGPT. Nvidia also announced the launch of NIM Agent Blueprints, which provide pre-trained, customizable AI workflows to accelerate generative AI development in areas like customer service and drug discovery. These blueprints are aimed at helping enterprises quickly deploy AI applications, leveraging Nvidia's extensive ecosystem of partners. Additionally, Nvidia is expanding its support for AI development in Japan, focusing on large language models trained on Japanese data to enhance national economic security and competitiveness. CEO Jensen Huang emphasized the transformative potential of AI and the company's innovation across the entire technology stack at the Hot Chips 2024 conference, yet he skirted questions about the sustainability of customer spending.