Home Market News <!DOCTYPE html> <html> <head> <title>Nvidia’s Dominance Post Blackwell GPU Reveal at GTC 2024</title> </head> <body> Analyst Declares Nvidia ‘2 Steps Ahead of Competitors’ Following Blackwell GPU Debut at GTC 2024

Nvidia’s Dominance Post Blackwell GPU Reveal at GTC 2024 Analyst Declares Nvidia ‘2 Steps Ahead of Competitors’ Following Blackwell GPU Debut at GTC 2024

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    Analyst Declares Nvidia ‘2 Steps Ahead of Competitors’ Following Blackwell GPU Debut at GTC 2024

On March 18, Nvidia Corp NVDA held its GPU Technology Conference (GTC 2024), showcasing groundbreaking updates across its accelerated computing domain.

Despite the fanfare, Nvidia’s stock experienced minimal movements on Monday’s trading session, closing up 0.70%. Post-market, a slight dip of 1.42% was observed.

Insight from Analyst: JPMorgan’s analyst Harlan Sur maintained an Overweight rating on Nvidia with a target price of $850 per share.

“NVIDIA is ideally positioned to ride the major trends in AI, computing, gaming, and autonomous vehicles,” remarked Sur, underlining the company’s strategic advantage.

For More: ‘Nvidia Analysts Laud AI Innovations Unveiled at GTC 2024, Stock Temporarily Affected’

Nvidia’s Post GTC 2024 Momentum

Sur shared significant insights post the event, outlining Nvidia’s trajectory going forward. Noteworthy highlights include:

1. Technological Breakthrough: Nvidia introduced the Blackwell accelerated GPU architecture, demonstrating the B200 chipset targeting AI and data center acceleration. The B200 chips marked a remarkable 2.5x training enhancement and a massive 5x inference boost over the previous H100 chipset.

2. Product Diversification: Nvidia’s strategic shift towards a 2-chiplet design housing 192GB of HBM3e memory promises an array of system-level solutions. This includes HGX B200, HGX B100, and GB200 NVL72, providing faster time-to-market and improved product segmentation for customers.

3. Advanced Connectivity Solutions: Supplementing the Blackwell launch, Nvidia is revamping its networking capabilities with upgraded InfiniBand and Ethernet solutions, catapulting data transmission speeds to new heights. The integration of 800GB InfiniBand and Ethernet optical networking ensures seamless adaptation to the latest advancements.

Collaborations and Exploration of the Humanoid Robots Market

Nvidia’s ecosystem expansion remains a focal point, as highlighted by Sur. Strategic partnerships with industry leaders and innovative software strategies like the Nvidia Inference Microservice (NIM) underscore its commitment to driving AI across various sectors.

For More: ‘Exploring AI Collaboration in Cybersecurity with Nvidia and CrowdStrike’

Moreover, the company’s comprehensive development platform is propelling its foray into new frontiers, including the emerging humanoid robots market. Leveraging initiatives such as Project GR00T and Jetson Thor robotics computers, Nvidia is poised for significant strides in this burgeoning field.

Investment Outlook: Despite seasonal fluctuations, Harlan Sur believes Nvidia’s comprehensive approach across all segments sets it apart, positioning it favorably for investors. The robust demand in PC gaming and the promising growth in the data center and automotive sectors further solidify Nvidia’s investment thesis.

“Nvidia continues to maintain a significant lead over its industry counterparts,” he emphasized.

Up Next: Nvidia Showcases Blackwell GPU, Highlights Key Partnerships at GTC: ‘Industry at the Cusp of Advancement’

Image generated using artificial intelligence with Midjourney.