Posted 3/19/2024, 4:33:00 PM
Nvidia Unveils New Blackwell Chips to Widen Lead in Booming AI Chip Market
- Nvidia unveiled new Blackwell chips and software for AI that perform over 2x faster than current chips
- Analysts say Blackwell widens Nvidia's lead in the $1 trillion AI chip market where it has 80% share
- Goldman boosted its Nvidia price target by $125 to $1,000 citing its innovation and AI ambitions
- Blackwell pricing expected to be 40% higher than current chips, a top-line catalyst
- Wells Fargo analyst says Blackwell outperforms rivals like AMD's MI300x, cementing Nvidia's AI leadership