The artificial intelligence juggernaut kept cruising along this week thanks to big earnings results from Nvidia — and even Salesforce, the supposed epicenter of the SaaSpocalypse.
Nvidia not only beat all expectations for revenue, CEO Jensen Huang (pictured) indicated it’s going to be capacity-constrained for awhile longer, which certainly indicates no diminution of demand. Likewise the interest of investors, who bid the stock up almost 9% Thursday. Indeed, the AI chip giant has a huge looming opportunity as AI moves out to the network edge.
And it’s putting all that money to use, fast. This week came the report that it’s possibly buying AI code hosting firm Hugging Face to capture another level of the AI stack, reportedly investing big in Perplexity, teaming with Cisco Systems on even bigger rack-scale AI data centers, announcing new robotics hardware, an inference accelerator chip to speed AI agents… you get the idea.
Meanwhile, it looks like AI’s not going to end software-as-a-service anytime soon. Salesforce’s stock rocketed almost 23% Thursday as it crushed earnings expectations, surely a boost ahead of its Dreamforce conference next month. Workday did pretty well too, though investors weren’t that impressed.
