CEO Jensen Huang tells analysts that activity around Nvidia's AI infrastructure "has gone through the roof" since the public debut of Open AI's ChatGPT. Read More...
Reuters
Stellantis sees car price pressure ahead as profit beats forecasts
MILAN (Reuters) -Fiat, Ram and Peugeot maker Stellantis beat profit forecasts on Wednesday due to strong car prices and greater-than-expected merger benefits, but warned of pricing pressure as industry-wide supply chain problems ease. Automakers globally have been hit by several supply problems stemming from the global coronavirus pandemic, with the worst a shortage of semiconductor chips that has hit their production. Amid strong demand, that shortage has allowed carmakers to raise prices and Stellantis said its full-year 2022 operating profits had jumped 29%, despite a 2% drop in vehicle deliveries.
