Nvidia targets new markets for AI chips

Nvidia is shifting its investment strategy to reduce reliance on major data center operators. The company anticipates that businesses and governments will increasingly drive demand for its chips and computing solutions, particularly for artificial intelligence applications. This strategic pivot aims to broaden its revenue streams beyond its current core customer base. Tony Wang, a portfolio manager at T. Rowe Price, views this approach as intelligent and well-positioned for future growth in the AI sector.