{"id":260928,"date":"2024-03-14T12:29:41","date_gmt":"2024-03-14T19:29:41","guid":{"rendered":"https:\/\/readwrite.com\/?p=260928"},"modified":"2024-03-14T12:39:25","modified_gmt":"2024-03-14T19:39:25","slug":"nvidia-to-tease-new-b100-chip-at-upcoming-gtc-conference","status":"publish","type":"post","link":"https:\/\/readwrite.com\/nvidia-to-tease-new-b100-chip-at-upcoming-gtc-conference\/","title":{"rendered":"Nvidia to tease new B100 chip at upcoming GTC conference"},"content":{"rendered":"
Nvidia is set to offer a peek at its new next-generation AI chip at the company’s annual developer conference on Monday (March 18).<\/span><\/p>\n Around 16,000 people are expected to attend the event, and chipmaker <\/span>CEO Jensen Huang<\/span><\/a> will unveil new flagship products.<\/span><\/p>\n In late February, <\/span>Nvidia’s market value<\/span><\/a> surpassed $2 trillion, positioning it just $400 billion short of overtaking Apple as the second-most valuable company on Wall Street, with <\/span>Microsoft leading the pack<\/span><\/a>.<\/span><\/p>\n Wall Street anticipates a rise of 81% in its revenue this year, reaching $110 billion, as businesses aggressively purchase its premium chips in large quantities to drive chatbots, image generators, and <\/span>various AI systems<\/span><\/a>.<\/span><\/p>\n Dell Technologies COO Jeff Clarke revealed the GPU earlier this month. Its new B100 chip<\/a> is thought to be at the center of the event and i<\/span>s set to consume 1000 watts — an increase of 42% from its predecessor, the H100. <\/span><\/p>\n The supply of Nvidia’s existing AI chips has been unable to meet the overwhelming demand, resulting in developers enduring months-long waits to use AI-optimized computers available through cloud providers.<\/p>\n Bank of America analyst Vivek Arya expects the price of B100 products to be 10% to 30% higher than the popular H100 system, reported<\/span><\/a> the Wall Street Journal.<\/span><\/p>\n Despite its success, the chip maker did see a 4.7% fall in its stock price<\/span><\/a> in February, with claims that investors weren\u2019t confident the company could sustain this level of growth in the short term.<\/span><\/p>\n “The biggest concern is the numbers have just gotten so big, so quickly, you just worry they can’t last,” Bernstein analyst Stacy Rasgon told<\/span><\/a> Reuters. “The more new products they’ve got coming out at higher performance and higher prices, the more runway they have.”<\/span><\/p>\n The price of the stock is still at an all-time high, having climbed 1783% across the past five years.<\/p>\n However, the price drop was not limited to Nvidia. Rival Advanced Micro Devices (AMD) was down 1.3% in premarket trading, and Intel was down 0.4% at the same time.<\/p>\n Featured image: Canva \/ DALL-E<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Nvidia is set to offer a peek at its new next-generation AI chip at the company’s annual developer conference on… Continue reading Nvidia to tease new B100 chip at upcoming GTC conference<\/span><\/a><\/p>\n","protected":false},"author":26562,"featured_media":260933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[9586],"tags":[2577],"table_tags":[],"acf":[],"yoast_head":"\nWhy is Nvidia\u2019s stock falling?<\/h2>\n