Nvidia nasdaq Nvda Stock Surges on Unveiling Next generation Ai Chip Platform

NVIDIA (NASDAQ: NVDA) Stock Surges on Unveiling Next-Generation AI Chip Platform

NVIDIA Corporation (NASDAQ: NVDA) stock jumped during intraday trading Monday after the chipmaker unveiled its next-generation artificial intelligence (AI) chip platform.

Jensen Huang, Chief Executive Officer of Nvidia, has unveiled plans to launch Rubin, the next-generation artificial intelligence chip from the company, slated for release in 2026. Huang made this announcement at a trade show held at National Taiwan University in Taipei, providing a glimpse into NVIDIA’s ambitious roadmap for the future.

Unveiling Rubin: NVIDIA’s Next-Generation AI Chip Platform

While keeping specific details about the new chip family under wraps, Huang disclosed that Rubin will encompass a new suite of graphics processing units (GPUs), central processing units (CPUs), and networking chips. He revealed that the company would name the new CPU “Versa” and that the next-generation GPUs designed for AI applications would feature high-bandwidth memory.

The Nvidia Chief also announced that the company plans to unveil a new family of chips annually, accelerating its current biennial release schedule. This move aims to maintain the dominant position of NVIDIA in the AI chip market, where it currently holds approximately 80% market share, despite increasing competition from rivals like Advanced Micro Devices (AMD) and Intel (INTC).

In the meantime, NVIDIA is preparing to release its highly anticipated Blackwell family of chips later this year. During the first-quarter earnings call last month, Huang confirmed that NVIDIA has completed production of the Blackwell platform, with initial shipments expected in the second quarter and a ramp-up in deliveries slated for the third quarter.

NVIDIA’s stock performance has also been noteworthy, with a 27% rally in May following another outstanding quarterly earnings report. This surge has propelled NVIDIA towards the exclusive $3 trillion market capitalization club, a milestone achieved by only a few tech giants. As of last Friday’s close, NVIDIA’s market cap stood at $2.7 trillion, trailing only Microsoft (MSFT) at $3.09 trillion and Apple (AAPL) at $2.95 trillion.

NVIDIA (NASDAQ: NVDA) Stock Price Action

On Monday, NVDA stock climbed 4.90%, closing at $1150, marking an 8.01% increase for the week. The trading volume was 43,839,176 shares, lower than the average daily volume of 49.74 million.