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Nvidia announces Blackwell Ultra and Vera Rubin AI chips

  • Nvidia CEO Jensen Huang announced new AI chips, including Blackwell Ultra, affirming the growing need for computing power in AI, which has significantly increased over the past year.
  • Despite Huang's optimistic statements, Nvidia's stock dropped over 3%, closing at $115.73 and is down nearly 20% in the last month, raising investor concerns.
  • Huang stated that Nvidia will partner with General Motors to develop self-driving vehicles, reflecting the company's expansion into the automotive sector.
  • Nvidia expects data center revenue to reach $1 trillion by 2028 due to surging demand from major cloud service providers investing in AI technologies.
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thenewyorkage.com broke the news in on Monday, March 17, 2025.
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