Nvidia CEO Says R&D Budget For Blackwell Platform Was Around $10B
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Nvidia's CEO revealed that the R&D budget for the Blackwell platform was approximately $10 billion, highlighting the company's significant investment in this new technology.
March 19, 2024 | 2:23 pm
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Nvidia's CEO disclosed a $10 billion R&D expenditure for the Blackwell platform, indicating a substantial investment in future technologies.
The announcement of a $10 billion investment in R&D for the Blackwell platform by Nvidia's CEO is a strong indicator of the company's commitment to innovation and future growth. This significant investment is likely to be viewed positively by investors, as it suggests potential for new revenue streams and technological advancements. Given the scale of the investment and the strategic importance of the Blackwell platform to Nvidia's future, this news is expected to have a positive impact on Nvidia's stock price in the short term.
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