Nvidia says future growth will come from 'sovereign AI'

Nvidia’s future growth is expected to come from ‘sovereign AI’.
CEO Jensen Huang is looking at selling AI chips not just to companies, but to entire countries.
Sovereign AI involves a single country or region setting up its own AI capabilities to meet its own needs.
Regions outside of the US and China are becoming an additional demand driver.
Countries around the world are investing in AI infrastructure to support the building of large language models in their own language on domestic data.
Japan, Canada, France, and other regions are already setting up their own sovereign AI systems.
More than half of Nvidia’s Data Center sales, which accounted for $18.4 billion of the firm’s $22.1 billion in overall revenue, came from large cloud providers.
Amazon, Google, and Microsoft are developing their own chips to reduce dependence on Nvidia.
Nvidia has reportedly reached out to these cloud providers with the hopes of producing those custom chips for them.