https://www.barrons.com/articles/retirement-dividend-stocks-51647617177
Nvidia is doubling down on artificial-intelligence technology that CEO Jensen Huang predicts will revolutionize every industry.
In the keynote speech for the annual Nvidia (ticker: NVDA) GTC conference—the acronym once stood for GPU Technology Conference, a reference to the company’s roots in graphics processing chips—Huang focused specifically on expanding the company’s portfolio of AI-focused chips and software applications. A highly anticipated virtual meeting with analysts was scheduled for after his talk.
Among other things, Huang unveiled Nvidia’s new “Hopper” chip family, named for the computer-science pioneer Grace Hopper, which succeeds the company’s current Ampere AI chip architecture announced two years ago. The company introduced the H100, a processor with 80 billion transistors, which it calls the “world’s most advanced chip.”
Huang said the chip will be “the engine of the world’s AI infrastructure.” Hopper provides a ninefold improvement in performance over the Ampere architecture, the CEO said.
The company also announced a suite of new and updated AI software tools for speech recognition and translation, recommendation engines, and improved real-time communication including language translation, among other applications.
Nvidia unveiled a computer system for creating “digital twins” of physical worlds called Omniverse, with applications in robotics and industrial automation. The notion of digital twins is to provide digital representations of real-world objects to do testing and development.
Omniverse also provides a new set of tools for the creation of virtual worlds and avatars. The company is launching a cloud service to allow designers to access Omniverse services remotely.
Huang also announced updates to the company’s automated and electric-vehicle platforms, including new agreements with the EV manufacturers BYD (BYDDF)and Lucid (LCID) to use the Nvidia Drive platform on next-generation vehicles.
Near midday in New York on Tuesday, Nvidia shares were up 0.7%, to $269.14. The stock has risen almost 27% over the last week, but is off about 8% for the year to date.
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