Nvidia, the renowned technology company, made headlines yesterday as it announced the release of its new generation of artificial intelligence chips called Blackwell. The news was delivered by Nvidia’s CEO, Jensen Huang, at the company’s developers conference in San Jose, California. However, the announcement did not receive the overwhelmingly positive response that was anticipated, with Nvidia’s shares experiencing a 3% dip on Tuesday morning.
The Blackwell chips are touted as being even more powerful than the highly sought-after Hopper graphics processing units (GPUs), which have gained recognition for their ability to effectively run large AI models. The first chip of the Blackwell series, the GB200, is expected to be shipped later this year. This release is eagerly awaited by tech enthusiasts and professionals alike.
In addition to the Blackwell chips, Nvidia also revealed a new enterprise software product called Nvidia Inference Microservice. This software aims to simplify the process of running older generations of Nvidia GPUs, further enhancing the company’s offerings in the AI space.
Notably, analysts have provided mixed reactions to Nvidia’s announcement. Bernstein analysts expressed their enthusiasm for the company’s new releases, comparing the popularity of Jensen Huang’s keynote to a sold-out concert by Taylor Swift. They maintained an outperform rating and set a $1,000 price target on Nvidia’s stock. On the other hand, Wells Fargo analysts, while reiterating their overweight rating on Nvidia shares, expressed slightly tempered optimism about the Blackwell B200 launch, suggesting that some investors may have anticipated more from the unveiling. Nevertheless, they affirmed their long-standing positive view of Nvidia’s technology and monetization prospects.
Goldman Sachs analysts, who retained their buy rating of Nvidia stock, raised their price target to $1,000 from $875 following the conference. They praised Nvidia’s innovation, customer and partner relationships, and its prominent role in the generative AI sector. According to their industry conversations, they expect the Blackwell chips to be the fastest ramping product in Nvidia’s history, further solidifying the company’s position as a driving force behind the democratization of AI.
As Nvidia pushes forward with the release of its Blackwell chips, the tech industry eagerly awaits their arrival. With their enhanced power and capabilities, these chips have the potential to revolutionize AI applications across various sectors. Despite the initial dip in share price, many analysts remain confident in Nvidia’s ability to deliver technological advancements and capitalize on the growing AI market.
FAQs
1. What are Nvidia Blackwell chips?
Nvidia Blackwell chips are the latest generation of artificial intelligence chips developed by Nvidia. They are highly anticipated for their enhanced processing power and application in running large AI models.
2. When will the first Blackwell chip be shipped?
The first Blackwell chip, known as the GB200, is expected to be shipped later this year.
3. What is Nvidia Inference Microservice?
Nvidia Inference Microservice is a new enterprise software product introduced by Nvidia. It aims to simplify the process of running older generations of Nvidia GPUs, providing users with a more streamlined experience.
Sources:
– [Link1](https://www.cnbc.com)
Nvidia’s announcement of its new generation of artificial intelligence chips, called Blackwell, generated mixed reactions in the market. While analysts expressed enthusiasm for the new releases, some investors may have expected more from the unveiling, leading to a 3% dip in Nvidia’s shares on Tuesday morning.
The Blackwell chips are expected to be even more powerful than Nvidia’s highly sought-after Hopper graphics processing units (GPUs). The first chip of the Blackwell series, the GB200, is set to be shipped later this year. This release is eagerly awaited by tech enthusiasts and professionals in the AI space.
In addition to the Blackwell chips, Nvidia also introduced Nvidia Inference Microservice, a new enterprise software product designed to simplify running older generations of Nvidia GPUs. This software enhances Nvidia’s offerings in the AI sector, further solidifying its position as a leader in the industry.
Analysts from Bernstein expressed their enthusiasm for Nvidia’s new releases, comparing the popularity of CEO Jensen Huang’s keynote to a sold-out concert by Taylor Swift. They maintained an outperform rating on Nvidia’s stock and set a $1,000 price target. On the other hand, Wells Fargo analysts, while also maintaining a positive rating, expressed slightly tempered optimism about the Blackwell B200 launch. Nonetheless, they affirmed their positive view of Nvidia’s technology and monetization prospects.
Goldman Sachs analysts, who retained their buy rating, raised their price target for Nvidia to $1,000. They praised Nvidia’s innovation, customer and partner relationships, and prominent role in the generative AI sector. Their industry conversations lead them to expect the Blackwell chips to be the fastest ramping product in Nvidia’s history, solidifying their position as a driving force in the democratization of AI.
As Nvidia moves forward with the release of its Blackwell chips, the tech industry eagerly awaits their arrival. With their enhanced power and capabilities, these chips have the potential to revolutionize AI applications across various sectors. Despite the initial dip in share price, many analysts remain confident in Nvidia’s ability to deliver technological advancements and capitalize on the growing AI market.
For more information, visit [CNBC](https://www.cnbc.com)
The source of the article is from the blog karacasanime.com.ve