Nvidia Doubles Down On AI Future With Blackwell, Priming For Trillion-Parameter Era, 'Let Us Expand And Offer A Richer' Solution, Says Jensen Huang
Portfolio Pulse from Kaustubh Bagalkote
Nvidia introduced its Blackwell AI computing platform during its first-quarter earnings call, positioning itself as a leader in the generative AI revolution. The platform is designed to support trillion-parameter large language models and multi-modal AI systems, offering significant advancements over Nvidia's current Hopper architecture. Nvidia aims for rapid adoption of Blackwell across various sectors, including cloud providers and research institutions. The announcement follows Nvidia's strong first-quarter earnings report, which included a 150% dividend hike and a 10-for-1 stock split.
May 23, 2024 | 2:48 am
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Nvidia introduced its Blackwell AI computing platform, which is expected to drive significant growth in the AI sector. The platform offers up to 4x faster training performance and 30x accelerated inference compared to the current Hopper architecture. This announcement follows a strong first-quarter earnings report, including a 150% dividend hike and a 10-for-1 stock split.
The introduction of the Blackwell AI platform positions Nvidia at the forefront of the AI revolution, which is expected to drive significant growth. The platform's advanced capabilities and the company's strong financial performance are likely to positively impact Nvidia's stock price in the short term.
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