Bloomberg reported on the 19th that NVIDIA’s dominance in the artificial intelligence (AI) chip market has been further strengthened with the announcement of its next-generation chip.
Previously, NVIDIA unveiled its next-generation AI-specific chip “Blackwell” at the GTC developer conference.
Blackwell is the largest graphics processing unit (GPU) ever, with 208 billion transistors concentrated. It can achieve up to five times the learning speed of its predecessor, the B100 while reducing power consumption by 25 times.
The chip is named in honor of David Harold Blackwell, a mathematician who specialized in game theory and statistics and was the first African American to be inducted into the National Academy of Sciences.
CEO Jensen Huang said in his presentation, “AI is the driving force for fundamental changes in the economy, and Blackwell is the engine leading the new industrial revolution.”
He added, “We are collaborating with the most dynamic companies in the world, and the AI revolution has officially begun.”
Despite a decline in most semiconductor stocks, NVIDIA rose 1.07%. Taiwan’s TSMC postponed the construction of its Arizona plant following NVIDIA’s unveiling of its next-generation chip.
Bloomberg predicted this would further strengthen NVIDIA’s dominance in the AI market.
NVIDIA is recording an overwhelming market share, controlling over 80% of the AI chip market. Some believe the share could reach 90%.
As proof, competitor AMD’s stock fell nearly 5% that day.
JP Morgan predicted, “NVIDIA is a step or two ahead of its competitors. AMD will struggle for now because NVIDIA has raised expectations for the performance of AI-specific chips.”