Nvidia's stock skyrocketed after CEO Jensen Huang unveiled new gaming chips and hinted at breakthroughs in robotics powered by AI. The company showcased its GeForce RTX 50-series chips, built on the same architecture as its AI processors, promising twice the speed.
Nvidia shares jumped 1.7% on Tuesday to a new all-time high after CEO Jensen Huang unveiled the company’s next family of gaming chips and hinted that robotics technology is about to ramp up.The stock, which already had risen to a new high on Monday ahead of the chief executive’s address, was trading at $151.94 as of Tuesday around 9:30 a.m.
The GeForce RTX 50-series chips use the same Blackwell architecture as the firm’s artificial intelligence processors – and are twice as speedy as their predecessors, Huang said. The chips will come preinstalled in computers costing $550 to $2,000 that will start shipping in March, the company said. “Can you imagine, you have this incredible graphics card, Blackwell – I’m going to shrink it and put it in there,” Huang said as he held up a laptop. CES 2025 featured more robots and artificial intelligence features than ever before – and the longtime Nvidia CEO hinted that advanced robot infrastructure is coming soon.He introduced an AI model called Cosmos which could generate training videos for robots and self-driving cars – and drastically reduce the costs of current training methods, he said. “All of the enabling technologies that I’ve been talking about is going to make it possible for us in the next several years to see very rapid breakthroughs, surprising breakthroughs in general robotics,” he added.For most of its existence, since its launch in the early 1990s, Nvidia has been known for selling graphics processing units, or GPUs, used to make video games. Its first chip in 1999 was made to draw triangles and polygons for 3D games. But Nvidia has shot to new heights by selling artificial intelligence chips to cloud vendors and tech giants including Microsoft, Meta and Google – outpacing rivals like Advanced Micro Devices and Inte
Nvidia Gaming Artificial Intelligence Robotics CEO Jensen Huang
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia Shares Surge on AI Demand as Foxconn Reports Record RevenueNvidia's stock continues its upward trajectory, fueled by strong demand in the artificial intelligence sector. Foxconn's record fourth-quarter revenue, driven by growth in cloud and networking products, including AI servers, further underscores the industry's momentum.
Read more »
Nvidia Shares Ease After Recent Surge, Market Focus ShiftsNvidia's stock price dipped slightly after its remarkable performance this year, while other semiconductor and AI-related companies are gaining traction. The market continues to show strong interest in the sector, even as concerns about a potential correction in Nvidia's share price arise.
Read more »
Nvidia Shares Slide Amidst Broadcom Surge and Market RotationNvidia's stock price dipped on Monday, marking a 11% decline from its November peak. While still up 166% for the year, the correction triggers discussion about market trends. Concurrently, Broadcom experiences a significant rally, fueled by positive market sentiment. The broader market, represented by the Nasdaq Composite, continues to reach new highs, suggesting a shift in investor focus towards other semiconductor and AI-related companies.
Read more »
Broadcom Shares Surge 40% in Five Days, Nvidia Dips 5%Broadcom shares have experienced a significant rally, soaring 40% in the last five days, while Nvidia shares have fallen 5%. Despite the recent decline, Nvidia's stock is still up over 160% for the year, compared to Broadcom's 120% increase. This divergence in performance highlights the contrasting market dynamics within the chip sector.
Read more »
AI Boost: Semiconductor Stocks Surge on Foxconn's Record Revenue and Nvidia's Soaring ValueSemiconductor stocks are enjoying a boost thanks to positive news in the artificial intelligence sector. Foxconn reported record fourth-quarter revenue, fueled by growth in its cloud and networking products, including AI servers. This, coupled with investor anticipation for Nvidia CEO Jensen Huang's keynote address at CES 2025, has driven Nvidia's stock price to record highs.
Read more »
Nvidia Shares Surge as AI Investments Fuel GrowthNvidia's stock soared to record highs, driven by strong investment in artificial intelligence. Foxconn's record revenue and continued investment in AI servers highlight the sector's momentum.
Read more »