At its GTC developer conference, chip maker Nvidia (NASDAQ:NVDA) debuted the GB200 GPU. This is the firms first chip that’s part of its new Blackwell platform – a new generation of AI graphics processors. Shares were little changed in after-hours trading.
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The Blackwell GPU platform boasts groundbreaking features like 208 billion transistors, dual dies for cache coherency, and a massive 192GB of high bandwidth memory.
Described as an evolution beyond Nvidia’s H100 chips, it is designed to significantly enhance computational efficiency and power in generative AI and other demanding applications. With 2.5 times the floating point capabilities of H100s and substantial improvements in memory and bandwidth, Blackwell positions itself as a cornerstone for future AI advancements.
Nvidia highlighted the efficiency of the GB200 GPUs in training complex models and announced that major cloud service providers, including Amazon Web Services (NASDAQ:AMZN) and Google Cloud (NASDAQ:GOOGL) (NASDAQ:GOOG), would be early adopters of Blackwell-powered instances.
Additionally, CEO Jensen Huang introduced the X800 series networking switches and the NVIDIA DGX SuperPOD, an AI supercomputer leveraging GB200 Grace Blackwell Superchips, marking a significant milestone in Nvidia’s commitment to pioneering AI infrastructure.
What Is the Fair Value of Nvidia?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 39 Buys, two Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. After a 241% rally in its share price over the past year, the average NVDA price target of $913.74 per share implies 3.3% upside potential.
