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Story summary
- NVIDIA Corp. expects purchase orders for its next-generation AI chips to reach $1 trillion by 2027.
- The surge in demand follows AI expansion, with NVIDIA GPUs becoming essential for advanced AI systems.
- NVIDIA unveiled Vera CPU and Groq 3 Language Processing Unit to boost AI processing.
- NVIDIA's stock rose 1.63% after the announcements.
- The company faces increased competition in the AI chip market, especially in inference computing.
