Enterprises of all sizes are increasingly leveraging the combined power of cloud computing and AI. Forecast growth is high, making AI cloud stocks a strong investment consideration.
Nvidia (NASDAQ: NVDA ) stock is a hot topic on Wednesday after the semiconductor company announced its acquisition of Run:ai . Run:ai is a workload management and orchestration software provider that operates on Kubernetes.
Nvidia is acquiring Run:ai, a startup that makes it easier for developers and operations teams to manage and optimize their AI infrastructure, for an undisclosed sum. Ctech reported earlier this morning the companies were in “advanced negotiations” that could see Nvidia pay upwards of $1 billion for Run:ai.
Artificial intelligence (AI) applications and platforms are growing like weeds. The arms race for AI superiority continues to be waged between the chip makers trying to chip away at Nvidia Co. NASDAQ: NVDA dominance in the GPU segment to Micron Technology Inc. NASDAQ: MU NAND flash memory dominance in memory chips for data storage.
The Tesla CEO talked about demand for Nvidia chips. It should quell fears that orders of its existing chips might stall while customers wait for the release of a new range of processors.
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