Posted 4/13/2024, 1:03:00 PM
Nvidia Dominates AI Chip Market, Launches New Blackwell GPUs Despite Recent Stock Dip
- Nvidia rules the AI chip market; new Blackwell GPUs are much more powerful than current chips
- Nvidia looking to design custom AI chips for cloud firms to capture more market share
- Recent stock dip concerns analyst, who says volatility is "not new" and fundamentals remain strong
- China orders telecoms to stop using foreign chips by 2027, hurting AMD and Intel
- Raymond James raises Nvidia price target to $1,100, says pause concerns before Blackwell launch are "unwarranted"