After Nvidia reports its second-quarter earnings this week, investors should keep a keen eye on another important AI chip stock.

The annual HotChips conference starts this Sunday, Aug. 24, in San Francisco. Nvidia is scheduled to present six sessions covering topics of interest to AI data center users and operators and will make several key announcements I’ll cover in this article. (Like most AI semiconductor-related companies, Nvidia is a client of Cambrian-AI Research.)

NVIDIA CEO Jensen Huang says that its new Blackwell Ultra GB300 AI server platform is in full-scale mass production, output is ramping up successfully.

CoreWeave projects full-year revenue growth of 174% this year, as it is proving to be one of the fastest-growing AI stocks to buy right now. For investors, it could possess a lot of upsides, as it benefits from strong demand for Nvidia's chips and the ongoing need for greater computing capabilities as a result of AI.

Comparatively, NVLink Fusion, a network fabric technology Nvidia unveiled in May, allows cloud providers to scale up their data centers to handle millions of GPUs at a time. Together, NVLink Fusion and Spectrum-XGS represent two layers of scaling AI infrastructure: one inside the data center, and one across multiple data centers.

New algorithms will fine-tune the performance of Nvidia Spectrum-X systems used to connect GPUs across multiple servers and even between data centers.

The nuance here is that the dot-com bubble was defined by abundance — too many companies, too much capital, and too many competing investment ideas. Meanwhile AI, at least so far, offers a story of scarcity built almost entirely on a single company.

Enterprise storage is evolving fast with HPE and Nvidia's AI-optimized collaboration, unlocking data value and boosting performance for AI workloads.