Nvidia(US:NVDA) Di Yi Cai Jing·2025-05-19 14:02Core Insights - The global IT spending continues to grow amidst the AI wave, with Nvidia evolving from a chip company to an AI infrastructure provider [1][8] - Nvidia's CEO Jensen Huang emphasized the company's position in AI infrastructure and expressed confidence in the ongoing demand for AI computing [1][2] Group 1: Nvidia's AI Infrastructure and Developments - Jensen Huang highlighted Nvidia's transition from a chip manufacturer to an AI infrastructure company, stating that the company is not just a tech firm but also a foundational entity for industry financing and planning [2] - Nvidia's new AI platform, Grace Blackwell, is fully operational, with the GB300 chip set to enhance inference performance by 1.5 times and increase HBM memory capacity by 1.5 times [4] - The company is developing a giant AI supercomputer in Taiwan, collaborating with partners like TSMC and Foxconn, and plans to establish a new office in Taiwan named NVIDIA Constellation [5] Group 2: Market Trends and Financial Implications - The global IT spending is projected to grow significantly, with server/storage spending expected to increase over 60% in 2024, and continued double-digit growth in 2025 and 2026 [8] - Nvidia's AI chip business remains robust despite challenges, with the company driving a trillion-dollar enterprise AI IT investment globally [8] - Nvidia has secured a chip supply agreement with Saudi Arabia's Public Investment Fund for 18,000 AI chips for a large data center project [9]