The article discusses Nvidia’s upcoming AI chip, codenamed ‘Blackwell’, which is expected to drive significant sales growth for the company by 2024. According to Nvidia CEO Jensen Huang, Blackwell is designed specifically for AI workloads and will be a key component in the company’s strategy to capitalize on the growing demand for AI computing power. The chip is expected to be more efficient and powerful than Nvidia’s current offerings, enabling it to handle complex AI tasks more effectively. Analysts predict that Blackwell could help Nvidia capture a larger share of the AI chip market, potentially leading to a surge in revenue and earnings by 2024. The article highlights the importance of AI in various industries, including healthcare, finance, and autonomous vehicles, and Nvidia’s positioning as a leader in the AI chip market. Overall, the article suggests that Blackwell could be a game-changer for Nvidia, propelling the company’s growth and solidifying its position in the rapidly evolving AI landscape.
Source: https://www.businessinsider.com/nvidia-blackwell-ai-chip-sales-earnings-jensen-huang-2024-11