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00:02NVIDIA CEO Jensen Huang said Thursday that demand for neocloud companies is off the charts.
00:08But a shortage of capital is limiting growth, according to CNBC.
00:13Huang said Europe needs more neocloud infrastructure and access to energy to
00:18support its artificial intelligence economy. His comments come as neocloud stocks face
00:23pressure over concerns about AI infrastructure spending and debt.
00:27Nebius and CoreWeave fell 3.6% and 4% respectively in pre-market trading Thursday.
00:36NVIDIA has committed nearly $10 billion to European companies, universities, and research institutions.
00:43The chipmaker also announced investments worth over $1 billion in five UK startups last week,
00:48as it expands its presence in Europe's AI sector.
00:51For all things money, visit Benzinga.com.
