All articles tagged with #gtc
Bank of America analyst Vivek Arya remains bullish on Nvidia, citing strong data center order projections and positive discussions with Nvidia's management, supporting a $275 price target and a 'Buy' rating, with expectations of significant stock gains despite Nvidia's recent $5 trillion market cap milestone.
Nvidia CEO Jensen Huang made a Taylor Swift joke during his keynote speech at the GPU Technology Conference, referencing her treadmill training regime, which seemed to acknowledge his reputation among AI enthusiasts. Despite the humor, he also unveiled the company's next-generation AI chip, Blackwell, and engaged in playful banter, showcasing his likeability factor and ability to lead a prominent tech company.
Nvidia introduces Project GR00T, a new AI platform for humanoid robots, aiming to support companies like Agility Robotics, Boston Dynamics, and others. The platform will also include new hardware such as Jetson Thor, designed for running simulation workflows and generative AI models. Additionally, Nvidia announces Isaac Manipulator and Isaac Perceptor programs to enhance robotic arms and autonomous mobile robotics, signaling the company's keen interest in the robotics market.
Nvidia's GPU Technology Conference (GTC) is set to begin in San Jose, featuring CEO Jensen Huang's keynote address and the unveiling of the powerful B100 AI chip, which is expected to be a game-changer for developers in the AI space.
Nvidia is set to unveil its latest tech, including the RTX 50-series "Blackwell" GB203 and new GB205 GPUs, at the 2024 GTC event. Despite a recent stock decline, Wedbush analysts raised their price target on Nvidia to $1,000 per share. Matt Bryson of Wedbush Securities discusses the semiconductor landscape, highlighting Nvidia's efforts to maintain its market share lead and the potential impact on competitors like Intel and AMD. Additionally, Intel's funding situation for chip manufacturing is under scrutiny.
Nvidia's GTC conference announced DGX Cloud, a big shift in the value chain for Nvidia, which allows partners to offer their own services on top of Nvidia's hardware and software. This move is expected to expand Nvidia's reach and increase its revenue.