Stocks
Nvidia Slashes Profit Margins with AI Chip Price Hike
Nvidia plans to increase the price of its flagship AI chip by 17% due to rising demand and limited supply. The move is expected to affect server makers, who rely heavily on these chips for their operations.
The price hike will likely impact companies that manufacture servers, as they may struggle to absorb the increased cost or pass it on to consumers.
Nvidia did not provide a specific date for when the price increase will take effect, but it is expected to happen soon.