News Formal

Nvidia stock dips after company unveils latest AI chips

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Nvidia shares dipped 3% on Tuesday morning after the company unveiled its new generation of artificial intelligence chips, called Blackwell.

CEO Jensen Huang announced the new chips at Nvidia's developers conference in San Jose on Monday. The first Blackwell chip is the GB200 and will ship later this year.

The company also announced a new enterprise software product known as Nvidia Inference Microservice, which makes it easier to run older generations of Nvidia GPUs."Move over Taylor Swift, you're not the only one that can sell out a stadium as Jensen presented his GTC keynote to a packed crowd at the SAP Center in San Jose," Bernstein analysts wrote in an investor note on Tuesday, maintaining an outperform rating and $1,000 price target on the stock.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 524. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia stock dips after company unveils latest AI chipsNvidia shares dipped 3% on Tuesday morning after the company unveiled its new generation of artificial intelligence chips, called Blackwell.
Source: CNBC - 🏆 12. / 72 Read more »