Oracle's Larry Ellison Just Delivered Fantastic News for Nvidia Investors

Nvidia (NASDAQ: NVDA), the world's leading artificial intelligence (AI) chip designer, has spoken extensively about the AI opportunity ahead. During its latest earnings report, the company even stated that AI infrastructure spending may reach as much as $4 billion by the end of the decade. Nvidia would greatly benefit from this since a key tool in AI is the graphics processing unit (GPU), or the chip that powers essential tasks. And Nvidia's GPUs are the most powerful ones out there.All of this is great, but it's also key to listen to what others in the market are saying, particularly Nvidia's customers. Nvidia doesn't release their names, but filings and commentary from various tech players tell us quite a bit. And Oracle (NYSE: ORCL) just so happens to be a significant customer. In fact, last year, Oracle Co-founder and Chief Technology Officer Larry Ellison said he "begged" Nvidia CEO Jensen Huang for more GPUs.Now, in Oracle's latest earnings call, Ellison had something else to say that represents fantastic news for Nvidia shareholders...Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool