NVIDIA speeds up chip performance
The AI chip specialist Nvidia (NVDA) has injected even more power into its chipset offering. The B200 is said to be 30 times speedier at some tasks than its predecessor.
Jensen Huang, NVDA CEO He did not give specific details or any price details, but did says that the company was also offering a new set of software tools, called microservices, aimed at making it easier for businesses to incorporate an AI model into their work. As IGTV’s Jeremy Naylor says, this is a fault line in the application of artificial intelligence, with companies not having the skills to utilise the chips as they should be used in day to day processes. Nvidia is also expanding its collaborations with BYD and other Chinese automakers. BYD, now the world's No. 1 electric vehicle manufacturer, will use Nvidia's next generation of in-vehicle chips, called Drive Thor, to enable increased levels of autonomous driving. While the chip maker saw shares down 1% in extended trade, the stock remains close to its record highs holding most of the 96% gains so far this year alone. NVDA is the US stock market's third-most valuable company, behind only Microsoft and Apple.
(AI Video Summary)
Jensen Huang
During NVIDIA's latest event, the CEO, Jensen Huang, unveiled the B200 chip, which is a major upgrade from its previous version, being a whopping 30 times faster. Even though no details were given about the chip's cost or exact capabilities, Huang did introduce a group of software tools called microservices. These tools are aimed at helping businesses easily integrate AI models into their operations. The problem is that each company has to figure out how to implement AI on their own, which can slow down its adoption across the industry.
BYD
Additionally, NVIDIA is expanding its partnerships with Chinese automakers, such as BYD, the leading electric vehicle manufacturer in the world. BYD will be using NVIDIA's next-generation in-vehicle chips, called Drive Thor, to enable even more advanced autonomous driving capabilities. Despite these exciting developments, NVIDIA's stock didn't experience a significant boost. Instead, it actually dropped by 1.1% in after-hours trading. However, it's important to recognize that the stock has already gone up by an impressive 96.4% this year alone and by a massive 251% in the past year. This makes NVIDIA the third most valuable company in the US stock market, just behind Microsoft and Apple.
NVIDIA
To put it simply, NVIDIA, a company known for its cutting-edge technology, announced a super-fast chip that can be used for artificial intelligence. They also introduced handy tools to help businesses incorporate AI into their operations. On top of that, NVIDIA is teaming up with a top electric vehicle maker to improve self-driving abilities. While their stock didn't go up by much, it has already grown tremendously in the past year, making NVIDIA a highly valuable company in the stock market. So overall, they're making exciting moves in the tech world and experiencing impressive financial success.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
