Nvidia Corp. (NASDAQ:NVDA) shares fell in after-hours trading on Monday during the GTC 2024 keynote presentation by CEO Jensen Huang. A bullish analyst weighed in on the announcements made at the event.
What Happened: Huang’s keynote was largely in line with expectations, according to KeyBanc Capital Markets analyst John Vinh in a note published Tuesday. The highlights of his address, as noted by the analyst, are as follows:
- Introduction of the next-gen GPU architecture Blackwell – B100 and B200 GPUs, with chip size two times that of H100.
- Announcement of a 40% higher pricing for the Blackwell GPU architecture relative to the previous iteration, the H100, which was priced at $35,000.
- Expectation of AI performance of B100 to be 2.5 to five times greater than H100.
- Introduction of the next-gen CPU+GPU ...