The hottest commodity in AI right now isn't ChatGPT — it's the $40,000 chip that has sparked a frenzied spending spree

Tech Insider
Jensen Huang, CEO of Nvidia, reacts to a video at his keynote address at CES in Las Vegas, Nevada, U.S. January 7, 2018.
Nvidia CEO Jensen Huang has described the H100 processor as the first computer chip "designed for generative AI."

Rick Wilking/Reuters

From Elon Musk to Chinese tech titans, everyone wants Nvidia's GPU chips. There might not be enough to go around.

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Nvidia sign
Demand for Nvidia's semiconductor chips has soared in 2023.

Justin Sullivan/Getty Images

Tech giants are supposed to be spending less. Nvidia is selling boatloads of GPUs. Both things can't be happening at once.

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Jensen Huang
Jensen Huang, CEO of Nvidia.

Rick Wilking/Reuters

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