Nvidia stock dips after company unveils latest AI chips

CEO Jensen Huang announced the new chips at Nvidia's developers conference in San Jose on Monday. The first Blackwell chip is the GB200 and will ship later this year.

CEO Jensen Huang announced the new chips at Nvidia's developers conference in San Jose on Monday, touting them as an even more powerful processor than the current generation of Hopper graphics processing units, which have been highly sought after for running large AI models. The first Blackwell chip is the GB200 and will ship later this year.

"Move over Taylor Swift, you're not the only one that can sell out a stadium as Jensen presented his GTC keynote to a packed crowd at the SAP Center in San Jose," Bernstein analysts wrote in an investor note on Tuesday, maintaining an outperform rating and $1,000 price target on the stock. "While NVDA once again highlighted its full stack / platform differentiation, we think some may have anticipated a bit more out of the Blackwell B200 launch," the analysts wrote in a note.

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NVIDIA Fortifies AI Dominance With Monster Blackwell GPU And Plethora Of New Tech At GTCI am a freelance writer, co-founder and Principal Analyst at HTVA, and the longtime Managing Editor at HotHardware.com. My work has been published worldwide, in a number of educational, PC, and technology-related print and web publications. I have been a computing and technology enthusiast since my early childhood.
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