Nvidia stocks (NASDAQ: NVDA) seen a slight uptick on Monday following CEO’s, Jensen Huang, preview of the company’s upcoming next-generation AI chip platform during his keynote at the Computex conference held in Taipei, Taiwan. The new platform, Rubin, is the advanced version of Nvidia’s Blackwell platform, which was introduced in March of this year.
Even though the details of Rubin were kept under wraps, CEO Jensen Huang unveiled that the platform will include a new Arm-based CPU called Vera which is expected to be released by 2026. Additionally, he announced a premium version of the Blackwell Platform, entitled Blackwell Ultra, slated for 2025, with an Ultra iteration of the Rubin platform earmarked for 2027.
Stocks of AI chip leaders experienced a substantial leap upwards of 3% during Monday’s morning trading session.
Nvidia’s dominance in the AI chip market can primarily be attributed to its early investments in the technology, which has positioned the company far ahead of its competitors in terms of both hardware capabilities and software features. This advantage has made Nvidia’s offerings indispensable not only to cloud providers such as Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG), and Microsoft (NASDAQ: MSFT) but also to businesses spanning various sectors, ranging from healthcare to automotive.
This high demand has been the driving force behind Nvidia’s remarkable growth over the past year, with revenue skyrocketing by 262% year-over-year from $7.19 billion to $26 billion in the first quarter.
Nvidia currently holds the distinction of being the third-largest company globally in terms of market capitalization among publicly traded companies, valued at $2.79 trillion. Microsoft and Apple hold the top positions with market caps of $3.08 trillion and $2.98 trillion, respectively. Wall Street analysts generally predict that Nvidia’s upward trajectory will continue.
Beth Kindig, a lead tech analyst for I/O Fund, shared her optimistic outlook for Nvidia’s future, stating, “We have a $10 trillion market cap target for Nvidia by 2030, and I will be candid and tell you I think that’s too low.”
However, Nvidia wasn’t the only chipmaker making headlines at the Computex conference. AMD (NASDAQ: AMD) announced its MI325X AI accelerator, expected to be released in the fourth quarter of this year, coupled with its fifth-generation EPYC server processor. Furthermore, the company introduced its MI350 series accelerator slated for release in 2025, along with the MI400 scheduled for 2026.
In addition to server chips, AMD has announced the launch of its AI 300 chip, designed for AI laptops, and its Ryzen 9000 series chips, which will cater to both laptops and desktop computers.
At Computex, Intel (NASDAQ: INTC) revealed its series of chips, which include the Xeon 6 E-core processors specifically designed for data centers. The company also introduced its new accelerator, Gaudi 3 AI, priced significantly lower than competing accelerators, allowing businesses to procure AI accelerators at a more affordable price. Intel’s strategic move to market the Gaudi 3 as a more budget-friendly option is aimed at capturing a substantial share of the lucrative AI chip segment, where prices can soar to tens of thousands of dollars.
Despite the announcements made by AMD and Intel, their stocks didn’t experience the same surge as Nvidia’s, with shares of both companies declining by as much as 1.4% in Monday morning trading.