Nvidia shares dipped 3% on Tuesday morning after the company unveiled its new generation of artificial intelligence chips, called Blackwell.
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.
The company also announced a new enterprise software product known as Nvidia Inference Microservice, which makes it easier to run older generations of Nvidia GPUs."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.
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