Elon Musk has loaded up on Nvidia GPUs for X, xAI, and Tesla.
Meanwhile, Chinese tech titans are reportedly scrambling to buy $5 billion worth of the chips.
But there are signs emerging that there may not be enough of Nvidia's chips to go around, with multiple top executives warning that demand is massively outpacing supply.
Soaring demandThe massive increase in interest in artificial intelligence has been a key factor driving demand for Nvidia's semiconductors.
Perhaps the strongest sign that demand for Nvidia's chips is soaring came in May, when it released stellar second-quarter revenue forecasts that smashed Wall Street's expectations by 50%.
Persons:
Elon Musk, Biden, Tesla, Adam Selipsky, Matthew Prince, there's, Barron's
Organizations:
Nvidia, titans, Service, Soaring, New, Research, Financial Times, Elon, Twitter, Web
Locations:
Wall, Silicon