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Nvidia’s AI Breakthroughs Take Center Stage at GTC
March 18, 2024
The tech sphere is buzzing with anticipation for Nvidia’s (NVDA) CEO, Jensen Huang, to shed light on the latest breakthroughs in AI technology. The much-anticipated keynote will take center stage at the GPU Technology Conference (GTC) in the San Jose Convention Center. Huang’s address, scheduled for 4 PM ET, is expected to draw over 300,000 attendees, reflecting GTC’s growing importance in the tech community.
What to Expect: Nvidia’s Latest Tech Revelations
Rumors and expectations are flying as Nvidia gears up to reveal what could be the next big things in tech. These include the successor to the company’s game-changing Hopper graphics architecture and the indispensable H100 GPU, a cornerstone in AI development.
Whisperings of the next-gen Blackwell architecture and a more powerful B100 GPU have experts and enthusiasts on the edge of their seats. Set for release later in the year, these advancements are poised to elevate AI capabilities to new heights. Nvidia also intends to unveil updated CUDA software to strengthen its developer ties, as well as a new chip tailor-made for the Chinese market, navigating recent U.S. trade constraints.
GTC: The Epicenter of AI Advancement
Jensen Huang, in a pre-event proclamation, captured the essence of GTC, declaring it “the world’s most important AI conference.” It’s where the sharpest minds converge to push the envelope and expand the AI universe. This hub of innovation and camaraderie has cemented its place as a cornerstone gathering for AI aficionados and industry professionals across the globe.
Insights on Nvidia’s Market Momentum
Market trends show that Nvidia’s (NVDA) stock, despite recent fluctuations, has soared with a remarkable 77% uptick year-to-date, culminating in a striking $2T market valuation as of late February.
Financial gurus are projecting an astronomical rise in earnings per share (EPS) by 2024—over 90% year-over-year—with revenues forecasted to surge by 81% to north of $110B. Analysts at Livy Investment Research, part of the SA Investing Group, have pinpointed a recurring pattern: Nvidia’s shares have typically climbed about 5% during the GTC’s four-day span, often preceding a slight pullback. For investors, this pattern signals a potential strategic play ahead of Nvidia’s forthcoming earnings report.