Nvidia stock opens at record high after positive product updates
) CEO Jensen Huang unveiled the company’s latest line of RTX graphical processing units, while also stating that the company's Blackwell artificial chips were now in full production.
Speaking at the Consumer Electronics Show in Las Vegas, Huang said the new GPUs- the RTX 50 series, will boast at least twice the performance of their predecessors, the 40 series, and will use AI to improve their graphical processing abilities.Huang said Nvidia's next generation Blackwell AI chips were in full production.
Huang also unveiled Nvidia's in-house AI models, which will run locally on Nvidia's chips, while also highlighting the potential for"AI agents"- AI programs built to handle domain-specific tasks.The company is at the heart of a massive valuation boom that added about $2 trillion to its market capitalization in the past year, as investors cheered its exposure to the AI boom.
Nvidia clocked back-to-back quarters of stellar earnings growth on the AI boom. But its guidance for the current quarter disappointed some lofty expectations, raising doubts over just how much more earnings growth AI will elicit.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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