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Analyst overhauls Nvidia stock price target after conference
The co-founder and chief executive of Nvidia took the stage to deliver the keynote address at the artificial-intelligence-chip maker's GTC conference in San Jose, Calif., to let the world know what his company has been up to.
“General-purpose computing has run out of steam,” Huang told the audience. “We need another way of doing computing.”
The top executive unveiled Blackwell, Nvidia’s next-generation GPU architecture, which the company has said will "power a new era of computing."
Named after David Blackwell, the first black scholar inducted into the National Academy of Science, Blackwell has been described by Rosenblatt Securities analyst Hans Mosesmann as "likely the most ambitious project Silicon Valley has ever witnessed."
The Blackwell platform will use a new series of chips, the B200 family, combined with new components and software to get the most out of the chips. $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$
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