Kress also said AI efforts are on track to spur $600 billion in spending by cloud and enterprise customers this year alone and could generate $3 trillion to $4 trillion in infrastructure spending by the end of the decade. "Those stocks did recover from that and even in Nvidia's case in particular, although it tumbled the most in the stock shock after the DeepSeek hit, what actually happened was its stock year on year, was still phenomenally larger, it's the first company in the world to hit a $4 trillion valuation. "And when you're talking about the number of chips, the commitment from Meta late last year was maybe somewhere in region of 30,000 chips, as of January this year it was 1.3 million chips, that's the number of Graphics Processing Units that Meta has committed to buying just from Nvidia."
Author: RTÉ News
Published at: 2025-08-27 20:45:50
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