Chip wars explode: NVIDIA’s skyrocketing profits and Altman’s trillion-dollar AI bet

Andrea Zanon Confidente
3 min readMay 27, 2024

The global chip war is escalating rapidly, pushed by NVIDIA’s record earnings and OpenAI’s CEO’s plans to raise between 5 and 7 trillion dollars for AI-focused chip manufacturing. But can the energy grid survive the power-hungry demands of AI?

The global demand for chips is unstoppable as digitalization accelerates globally. NVIDIA, the chipmaking American leader, on May 23 beat analyst expectations, sending its shares soaring 7.4% and surpassing 1000 $ per share. This unstoppable rise is…

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Andrea Zanon Confidente

Performance advisor with over 20 years experience across entrepreneurship, sustainability and partnership. Now focusing helping people investing in themselves