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Nvidia’s AI Dominance and Hugging Face Deal | Bitcoin and Crypto News
Description
Nvidia just shattered expectations with a $96 billion Q2 revenue surge, forecasting even bigger gains next quarter as AI demand explodes — and they’re still playing catch-up on chip supply. With 70% projected growth by 2028, the company’s CEO revealed AI agents need 15 to 100x more computing power than current systems, fueling the frenzy. Profit margins may dip due to rising memory costs, and China’s data center market is off-limits for now. But the real move? A $13 billion acquisition of Hugging Face, cementing Nvidia’s dominance across hardware and open-source AI software — turning them into the ultimate AI platform builder.
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