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Nvidia GPUs fuel AI boom with over 300 neoclouds renting chips, pushing Nvidia's revenue forecast to $108B.

Market News
10 Oct 2026, 14:00 WIB
CNBC
View Source
Bullish
Nvidia GPUs fuel AI boom with over 300 neoclouds renting chips, pushing Nvidia's revenue forecast to $108B.

Nvidia's GPUs are in high demand as AI labs and businesses seek powerful processors, leading to a surge in neocloud providers renting these chips. Over 300 neoclouds now offer GPU rentals, growing 55% in less than a year, complementing major cloud providers like Amazon, Microsoft, and Google. This expanding ecosystem supports Nvidia's forecasted revenue of $108 billion for the October quarter, an 89% increase year-over-year. Companies face choices between hyperscalers, flagship and smaller neoclouds, direct hardware purchases, or tactical deals, reflecting diverse needs for AI computing power.

Nvidia shares are slightly down by 0.52% to USD 229.28 on Pluang, reflecting some market caution despite strong demand for its GPUs. Meanwhile, major cloud providers like Amazon and Microsoft show gains of 3.29% and 2.38% respectively, indicating investor confidence in the broader tech sector. These figures are as of Oct 10, 2026 18:21 WIB.

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