10 analysts discuss Nvidia stock after Blackwell, new AI chip announcements
Investing.com -- Nvidia kicked off its much-anticipated GTC developer’s conference on Monday, and it is safe to say that announcements from the first day are already making headlines. Nvidia (NASDAQ:NVDA) stock closed 0.7% higher on Monday. Here are the key insights from Wall Street analysts regarding the first day of the GTC event.
The most important part of the GTC conference’s first day was Nvidia’s unveiling of its latest AI chip and software for powering AI models.
Dubbed Blackwell, this new line of AI graphics processors introduces the GB200 chip, which is expected to be available later this year.
Nvidia aims to attract more orders by offering these enhanced chips to its customers. There is already significant demand for the existing «Hopper» H100 chips and others in the series among companies and software developers.
“Hopper is fantastic, but we need bigger GPUs,” said Nvidia CEO Jensen Huang during the GTC conference.
The company’s executives said Nvidia is shifting from being a chip supplier to becoming a platform provider, akin to Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL), allowing other businesses to develop their own software on top of it.
“Blackwell’s not a chip, it’s the name of a platform,” Huang said.
“The sellable commercial product was the GPU and the software was all to help people use the GPU in different ways,” said Nvidia enterprise VP Manuvir Das in an interview. “Of course, we still do that. But what’s really changed is, we really have a commercial software business now.”
The chipmaker also introduced a suite of new software tools designed to simplify the process for developers to market AI models to businesses that utilize Nvidia's technology, which counts among its customers some of the
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