The company in May said it expects revenue in the second quarter to grow 64 percent from the same period last year, largely due to interest driven by generative AI technologies like ChatGPT.īut while many companies are turning to Nvidia to fuel AI workloads, the chip designer has apparently been experiencing a shortage of data center GPUs. Nvidia has been the largest beneficiary of demand for the explosion in demand for AI chips and adjacent technologies. While the semiconductor industry banks on a late 2023 comeback after several months of waning demand, the hype around generative AI has rejuvenated interest in specialized processors and other semiconductor technologies that can run such workloads faster and more efficiently.
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