"Nvidia Unveils Next-Gen Rubin AI Chip, Stock Surges"

TL;DR Summary
Nvidia's stock surged over 3% after CEO Jensen Huang previewed the company's next-gen Rubin AI chip platform at the Computex conference in Taipei. The Rubin platform, set for release in 2026, will include a new Arm-based CPU called Vera. Nvidia also announced more powerful versions of its Blackwell and Rubin platforms for 2025 and 2027, respectively. Nvidia's early investments in AI technology have solidified its market leadership, contributing to a 262% year-over-year revenue increase. Despite similar announcements from AMD and Intel, their stocks fell, while Nvidia's continued to rise.
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- Nvidia and AMD unveil next generation AI chips as competition heats up CNN
- Analyst resets Nvidia stock price target as CEO unveils new AI platform TheStreet
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