All articles tagged with #blackwell chips
President Trump announced he will allow Nvidia to sell AI chips to China but will restrict the sale of its most advanced Blackwell chips, emphasizing US control over cutting-edge technology. Nvidia's stock rose following the news, and discussions about chip sales continue between Nvidia, China, and the US government.
The article discusses the absence of talks about Nvidia's advanced Blackwell chips during the Trump-Xi meeting, highlighting the geopolitical tensions affecting AI chip exports to China, Nvidia's market performance, and the broader AI industry funding landscape, including OpenAI and Meta.
US President Donald Trump stated he did not discuss approving Nvidia's Blackwell chips sales to China with Xi Jinping, dampening speculation about easing export restrictions on advanced AI chips, though discussions about Nvidia's general access to China continue.
Nvidia's stock rose about 3% after Jefferies named it a top pick, predicting profit margins could soar to 80% this year due to demand for its next-generation Blackwell chips and its evolution into a comprehensive AI infrastructure provider.
Nvidia's strong third-quarter earnings, driven by record data center revenue and high demand for its AI chips, have led analysts to raise their stock price targets. The company expects to ship more Blackwell AI chips than anticipated, despite previous concerns about overheating. Analysts suggest Nvidia's success could boost spending across the tech sector, with a potential multiplier effect. Nvidia's stock has nearly tripled this year, and analysts see further upside potential.
Nvidia's revenue nearly doubled to $35.1 billion, driven by strong demand for AI chips, particularly in data centers, despite some technical issues with its new Blackwell chips. The company's revenue guidance for the next quarter aligns with expectations, and its shares have surged over 200% this year, reflecting its significant impact on the tech market. Gross margins were 75%, and adjusted net income was $20 billion, surpassing analysts' expectations.
Nvidia's stock fell after reports indicated that its next-generation Blackwell AI chips are experiencing overheating issues when used in server racks designed for up to 72 chips. The company has requested design changes from suppliers to address these problems. Despite the setback, Nvidia maintains that engineering iterations are normal and continues to work with cloud service providers to integrate the chips into data centers. Nvidia's CEO has described the Blackwell chip as a significant advancement for the industry, with substantial revenue expected in the upcoming quarter.
Nvidia's new Blackwell AI chips are facing overheating issues when used in server racks, affecting major clients like Meta, Microsoft, and Elon Musk's xAI. The company is working with suppliers to modify rack designs to address the problem. Despite these challenges, demand for the Blackwell chips remains high, with projected revenues of $6 billion next quarter. Nvidia recently became the world's most valuable company, surpassing Apple, due to its strong position in the AI chip market.
SoftBank has become the first customer to purchase Nvidia's Blackwell chips, which will be used to build Japan's most powerful AI supercomputer by early 2025. This collaboration aims to enhance generative AI development and support research institutions and companies across Japan. The partnership underscores Japan's efforts to boost its AI capabilities amid labor shortages and an aging population. The announcement comes as demand for Nvidia's chips surges globally, with the company promising to ship billions of dollars worth of Blackwell GPUs by the fourth quarter of 2025.
Morgan Stanley analyst Joseph Moore forecasts $6 billion in sales for Nvidia's new Blackwell chips in Q3, boosting Nvidia's financial results. The chips, crucial for AI applications, are sold out until October 2025, prompting Moore to raise Nvidia's stock price target to $160 and maintain a 'Top Pick' status. Nvidia's Data Center business is expected to drive growth, with the stock gaining 200% this year and holding a consensus Strong Buy rating among analysts.
NVIDIA has unveiled its next-generation Blackwell platform, featuring chips that are up to 30 times faster and use 25 times less power than its previous H100 chips, making them the world's most powerful. The Blackwell chips, named after mathematician David Harold Blackwell, offer significant performance upgrades for AI companies, with speeds of 20 petaflops compared to the H100's 4 petaflops, thanks to 208 billion transistors. The chips are highly sought after, with delivery wait times of up to 11 months, and are considered a status symbol for tech companies.