Nvidia: A Brilliantly Cloudy Outlook, Says Global Equities

By Tiernan Ray A couple Street folks today were sounding upbeat about prospects for chip maker Nvidia (NVDA) based on today about two product announcements this week in the world of cloud computing. One bit of news was Amazon.com (AMZN) announcing this morning it will rent use of Nvidia’s graphics processing unit (GPU) chips in its Amazon Web Services, as what are called “P2 Instances,” boasting, “With up to 16 NVIDIA Tesla K80 GPUs, P2 instances are the most powerful GPU instances available in the cloud.” The other bit of news was Microsoft (MSFT) yesterday saying it’s forming a new division, “Microsoft AI and and Research Group,” which will be staffed with more than 5,000 people brought together from across the company. The company also said it will be rolling out some Azure…


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