R Ray Wang, founder of Constellation Research, discusses whether Nvidia’s stock rally is slowing with Varney & Co.
Nvidia CEO Jensen Huang initiated the project. Artificial intelligence (AI) Giant attended the GTC 2024 conference with a keynote on Monday, announcing its next-generation AI chips that the company hopes will keep NVIDIA at the forefront of the AI race.
The new Blackwell G200 is the successor to the Grace Hopper series of graphics processing units (GPUs). data center and supercomputer As well as speeding up tasks. Nvidia said the new chip enables AI models with 1 trillion parameters while reducing operating costs and energy consumption.
Companies such as Amazon Web Services, Dell, Google, Meta, Microsoft, OpenAI, Oracle, Tesla, and xAI will adopt Blackwell, the company said in a press release.
“Hopper is great, but we need a bigger GPU,” Huang said in his keynote, introducing Blackwell as a new “very large GPU” that combines two squares of silicon, each the same size as the previous chip. . It functions as a single unit.
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Nvidia CEO Jensen Huang shows off the new Blackwell AI chip compared to its predecessor. (Justin Sullivan/Getty Images/Getty Images)
Huang said Blackwell’s design makes it easy to replace the previous generation Grace Hopper chip, saying, “You slide the Hopper in and push the Blackwell in. That’s one of the challenges of ramping. That’s why.”
“You have hoppers installed all over the world, and they can have the same infrastructure, the same design, power, electricity, heat source, software, everything is identical. Hopper version is “SGX configuration” Huang explained..
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 893.98 | +9.43 | +1.07% |
Huang showed the audience a “fairly expensive” fully functional board with two Blackwell chips and four Blackwell dyes connected to a Grace CPU with “ultra-fast chip-to-chip links.”
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Nvidia CEO Jensen Huang unveiled the new AI processor in his keynote. (Justin Sullivan/Getty Images/Getty Images)
“What’s amazing about this computer is, first, that it’s the first computer to fit so many calculations into this small space. Second, because the memory is consistent, it’s almost like a single computer. It feels like a big happy family working on one computer,’ so everything is consistent within it,” Huang said. “There are terabytes of this and terabytes of that, but this is a miracle.”
Huang went on to say that Blackwell’s reasoning ability was “extraordinary,” about 30 times greater than Hopper’s reasoning ability. Generative AI tools use inference to respond to user queries for chatbots and image generators.
“Blackwell is going to be just an amazing system for generative AI. And in the future, as I said earlier, data centers will be thought of as AI factories. Life in an AI factory The goal of is to generate revenue, in this case this facility has intelligence and instead of generating electricity like the alternators in the last industrial revolution, in this industrial revolution intelligence is generated. ” Huang said. “The excitement at Blackwell is truly off the charts.”
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Nvidia’s stock price has risen about 247% since last year amid the generative AI boom. (Michaela Vacheva/Bloomberg via Getty Images/Getty Images)
Hwang told CNBC that the Blackwell chip would cost between $30,000 and $40,000, but later clarified that he was “not going to give a price for the chip” and focused on broader data. He emphasized that the focus lies in the design and integration of the center. than individual chips.
Nvidia Chief Financial Officer Colette Kress told the publication that the company would begin shipping Blackwell chips “later this year,” noting that supply constraints would likely occur after the initial launch.
Nvidia stock The company has soared more than 247% over last year as demand for generative AI tools and the hardware to power and train those programs soars.
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The company’s shares were trading at nearly $900 in mid-afternoon trading Tuesday, up about 1.7% on the day. Nvidia stock hit an all-time high of $926.69 on March 7th.
