Nvidia CEO Jensen Huang Encourages Countries to Build AI Infrastructure "As Fast as You Can" at Recent Summit. Time to Buy the AI Stock Hand Over Fist?
Nvidia (NASDAQ: NVDA) founder and CEO Jensen Huang recently participated in a fireside chat at the World Governments Summit in Dubai that was attended by delegates from 150 countries.
In a conversation with the United Arab Emirates' (UAE) Minister of AI Omar Al Olama, Huang highlighted the importance of every country having its own sovereign artificial intelligence (AI). He stated that this capability "codifies your culture, your society's intelligence, your common sense, your history -- you own your own data."
The incredible surge in demand for AI has helped push Nvidia stock up 240% over the last year alone -- and now the company is making direct pitches to governments about the importance of the technology. Should investors be buying the stock hand over fist in anticipation of surging public sector demand?
Source Fool.com
