What To Expect From Nvidia’s GPU Technology Conference

Nvidia (NVDA) will kick off its annual GPU know-how convention (GTC) with a keynote tackle by founder and CEO Jensen Huang on Monday.

Analysts anticipate the chipmaker to share updates about its new merchandise, its partnerships with business leaders, and its sovereign artificial intelligence (AI) initiatives in the course of the convention, which runs via Thursday.

Replace on Subsequent AI Chip, B100 Blackwell

The chipmaker is predicted to supply extra particulars concerning the B100 chip that may very well be its most succesful AI GPU but.

The B100 chip is an improve from the H200 chip and is to be out there in some unspecified time in the future in 2024, primarily based on Nvidia’s growth roadmap launched in October of 2023.

“NVIDIA’s present flagship H200 chip within the high-performance computing market adopts the Hopper GPU structure paired with HBM3e reminiscence chips, thought-about essentially the most succesful chip for AI computing within the business,” based on TrendForce.

Traders may get new particulars concerning the chip together with pricing, efficiency, and demand. Nvidia may additionally present extra shade on the chip’s {hardware} such because the liquid cooling part and DRAM reminiscence.

“We anticipate NVDA’s new Blackwell structure will present important efficiency beneficial properties vs. Hopper,” Wedbush analysts mentioned, noting that “NVDA introduced the H100 as delivering as much as 9X quicker coaching and 30X quicker inference efficiency vs. the A100,” the earlier model.

Wedbush analysts mentioned they’re “interested by any further data NVDA chooses to supply across the preliminary demand the corporate is seeing for the forthcoming B100 (administration has already characterised demand as initially anticipated to considerably exceed provide capabilities).”

They added that the agency will probably be looking ahead to “any incremental shade concerning NVDA’s future GPU and AI merchandise past the 2025 roadmap NVDA has introduced so far.”

AI Leaders Collect

Different AI leaders are set to affix the convention as properly, which may present buyers extra details about the AI area usually and the function Nvidia’s tech performs.

Nvidia companions together with OpenAI, Microsoft (MSFT), Amazon (AMZN), Google guardian Alphabet (GOOGL), Meta (META), Micron Know-how (MU), Oracle (ORCL), Tremendous Micro Pc (SMCI), Dell (DELL), and Intel (INTC), amongst others are to participate in occasions and workshops throughout GTC.

Whereas Nvidia has established itself as an early chief within the AI race, the businesses inside its AI ecosystem have gained amid surging demand for AI tech.

Financial institution of America analysts mentioned they anticipate to gauge the “impression of rising competitors from customized chips” affecting firms like Broadcom (AVGO) and Marvell (MRVL).

The convention may additionally make clear competitors throughout the service provider silicon market from Superior Micro Gadgets (AMD) and Google. Financial institution of America famous the silicon chip makers have claimed their merchandise are “cheaper (particularly for AI inference) and/or decrease value (30-50% decrease than comparable NVDA {hardware}).”

Nvidia’s Sovereign AI Efforts

Throughout the convention, Nvidia may share particulars about its sovereign AI initiatives because the scope of AI tech grows quickly.

Financial institution of America analysts mentioned they “anticipate NVDA to focus on TAM growth alternatives past the 4 largest US hyperscalers,” Microsoft, Google, Amazon, and Meta.

They added that there may very well be a multi-billion greenback alternative for Nvidia with “Tier-2/3 webscalers (CoreWeave, Lambda Labs)” and “sovereign nations.”

Sovereign AI “refers to a nation’s capabilities to provide synthetic intelligence utilizing its personal infrastructure, knowledge, workforce and enterprise networks,” Nvidia mentioned.

Nvidia has been vocal about its sovereign AI initiatives. This stance may assist set Nvidia aside, particularly amid issues about potential nationwide safety dangers associated to knowledge sharing, with the U.S. authorities considering whether to force China’s ByteDance to divest TikTok or face a ban of the app within the U.S.

Forward of GTC, Financial institution of America analysts raised their worth goal for Nvidia to $1,100 from $925 whereas Wedbush analysts hiked their goal to $1,000 from $850. Each companies gave Nvidia a “purchase” score.

Nvidia shares have been 4.5% increased at $917.45 about quarter-hour after Monday’s opening bell. The inventory has gained about 90% for the reason that begin of the 12 months.

UPDATE—March 18, 2024: This text was up to date after preliminary publication to incorporate present share worth data.