Amazon.com (AMZN) and Nvidia (NVDA) executives said that construction of artificial intelligence data centers isn't slowing, CNBC reported Thursday, citing conference presentations.
"There's been really no significant change," Kevin Miller, Amazon's vice president of global data centers, said at a conference in Oklahoma City organized by the Hamm Institute for American Energy, according to CNBC. "We continue to see very strong demand, and we're looking both in the next couple years as well as long term and seeing the numbers only going up."
"We haven't seen a pullback," said Josh Parker, Nvidia's senior director of corporate sustainability, according to CNBC.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 185.01, Change: +4.41, Percent Change: +2.44
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.