Nvidia CEO Jensen Huang Expects Big Things from Next-Gen Chipset
In an interview with Yahoo Finance at the Consumer Electronics Show (CES) in Las Vegas, Nvidia CEO Jensen Huang expressed his confidence that the rollout of the company’s next-gen Blackwell chips will be a significant revenue driver for the company. "We’re racing to get Blackwells into every data center in the world," Huang stated.
Analysts Expect Continued Growth in Data Center Business
Analysts are optimistic about Nvidia’s data center business, which has seen impressive growth in recent quarters. In its most recent quarter, nearly 90% of Nvidia’s revenues came from this segment. With the rollout of the Blackwell lineup, analysts expect this trend to continue.
High-Powered Blackwell Chips for AI Applications
Nvidia is currently ramping up production of its high-powered Blackwell chip for AI applications. The company expects to ship several billion dollars worth of the hardware in the fourth quarter alone, with even more expected throughout the year ahead. In its most recent quarter, Nvidia’s revenue tallied $35.1 billion.
Opportunities in Robotics and Self-Driving Cars
Huang also highlighted the opportunity in robotics and self-driving cars during his CES keynote address. He emphasized that Nvidia’s technology for autonomous driving is already generating $5 billion in annual sales for the company. "If it’s already a $5 billion business for us, imagine how big it’s going to be when we have 100 million new [self-driving] cars per year," Huang added.
Cosmos Platform and Partnerships
On Monday, Huang unveiled Nvidia’s Cosmos platform for developers to simulate their self-driving vehicle software. The company also announced partnerships with Toyota and Aurora Innovation, which will use its specialized chips for self-driving vehicle systems.
DRIVE Thor Chip and AI Superchip GB10
Nvidia’s newest DRIVE Thor chip for autonomous driving is based on the architecture for its latest Blackwell AI chips. Additionally, the company unveiled a new artificial intelligence superchip called GB10, used in its client supercomputer. The device will be available in May for $3,000.
Project DIGITS and Access to Nvidia AI
Huang stated that Nvidia’s goal is to make its AI technology accessible to everyone, whether it’s through cloud computing, personal computers, or other devices. "In the case of AI, we started in the cloud," Huang explained. "We’re coming into PCs, into personal computers … we want people to be able to access Nvidia AI, however you like to do it."
Impact on Stock Market
Nvidia’s stock price was up over 5% following the news, but declined by over 5% in afternoon trade. Meanwhile, Aurora Innovation’s stock rose more than 30% after the announcement of its partnership with Nvidia.
Key Takeaways:
- Nvidia’s Blackwell chips are expected to drive significant revenue growth for the company.
- Analysts expect continued growth in Nvidia’s data center business.
- The company is making progress in robotics and self-driving cars, with partnerships with Toyota and Aurora Innovation.
- Nvidia’s AI technology is becoming more accessible through various platforms.
Investor Take:
For investors looking to capitalize on Nvidia’s growth prospects, it’s essential to stay up-to-date with the latest developments in the company’s data center business, robotics, and self-driving cars. While the stock market may fluctuate based on news and announcements, Nvidia’s long-term growth potential remains promising.
Additional Insights:
- Nvidia’s partnerships with major companies like Toyota and Aurora Innovation demonstrate its commitment to innovation and growth.
- The company’s AI technology is becoming increasingly accessible through various platforms, including cloud computing and personal computers.
- Analysts’ expectations for continued growth in Nvidia’s data center business may influence investor decisions.
Conclusion:
Nvidia’s Blackwell chips are poised to drive significant revenue growth for the company. With partnerships with major companies like Toyota and Aurora Innovation, and a commitment to making AI technology accessible to everyone, Nvidia is well-positioned for future success. As investors, it’s essential to stay informed about the latest developments in this rapidly evolving industry.
Sources:
- Yahoo Finance
- Reuters
- Bloomberg
Recommendations:
For those interested in staying up-to-date with the latest news and announcements from Nvidia, we recommend following reputable sources such as Yahoo Finance, Reuters, and Bloomberg. Additionally, investors may consider tracking key metrics such as Nvidia’s revenue growth and partnerships with major companies.
Disclaimer:
This article is intended for informational purposes only and should not be considered investment advice. Always conduct thorough research before making any investment decisions.
Nvidia’s Automotive and Robotics Segments
In Q3, the division brought in $449 million compared to its Data Center business, which brought in $30.8 billion of its $35.1 billion in total revenue.
Story Continues
Nvidia’s automotive and robotics segments currently make up a relatively small portion of its overall revenue. However, with the rollout of the Blackwell lineup and partnerships with major companies like Toyota and Aurora Innovation, these segments may see significant growth in the future.
New Developments from Nvidia
At CES, Nvidia also unveiled a new client supercomputer that fits on an average-sized desk. The device will be available in May for $3,000 and features Nvidia’s AI technology.
Additional Insights:
- Nvidia’s commitment to innovation and growth is evident through its partnerships with major companies.
- The company’s focus on accessibility and user experience is demonstrated by the development of various platforms and devices.
- Analysts’ expectations for continued growth in Nvidia’s data center business may influence investor decisions.
Project DIGITS
Nvidia’s Project DIGITS aims to make AI technology accessible to everyone. The company’s goal is to provide users with a platform that allows them to access and use AI technology without requiring extensive technical knowledge.
Key Takeaways:
- Nvidia’s Project DIGITS demonstrates its commitment to accessibility and user experience.
- The company’s focus on innovation and growth is evident through its partnerships with major companies.
- Analysts’ expectations for continued growth in Nvidia’s data center business may influence investor decisions.
