Nvidia's GH200: Pioneering AI and Fueling Stock Growth

Published by MEXEM Technical Analysis

July 25, 2024 2:51 PM

(GMT+2)

Published - August 9th, 2023 @ 10:30 AM (GMT+2)

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Nvidia's GH200 Unveiled: Transforming AI with Advanced Processing and Design:

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Nvidia (NASDAQ:NVDA) announced a groundbreaking new chip, the GH200, aimed at running artificial intelligence (AI) models, marking a significant dominance in the AI chip market with over 80% share. This innovative processor comes with 141 gigabytes of cutting-edge memory and a 72-core ARM central processor. Designed for the extensive training and computationally expensive process of inference in AI models, the GH200 is specifically tailored to allow larger models to function on a single system.

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Nvidia's approach of larger memory, including plans to combine two GH200 chips into a single computer for even more substantial models, enables the model to remain on a single GPU, reducing the need for multiple systems or GPUs. The GH200 is planned to be available in the second quarter of next year, though pricing remains undisclosed.

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Strong Financial Outlook: Nvidia's 209% Stock Rally and Future Growth:

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Nvidia remains a prime stock pick at Bank of America even after a 209% AI-driven rally this year. Predicting a potential upside of 22% and with a price target of $550, the long-term opportunity seems bright, aiming for $20 to $25 in long-term earnings per share.

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Despite challenges in scaling supply, the total sales are projected to expand at a 26% CAGR to $109 billion. As of August 8, 2023, Nvidia's stock is marked at a current price of $446.64, with a market cap of 1.10T USD and a year-to-date growth of +212.01%. The company's influence and growth in the tech sector continue to look promising, redefining the technological landscape.

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Conclusion:

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Nvidia's unveiling of the new AI chip and robust stock performance highlights its leadership in the tech industry. With promising revenue forecasts and strategic alignment with cloud giants, the company is poised for continued growth. Investors and tech enthusiasts alike should keep a close eye on Nvidia's next moves.

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The information on mexem.com is for general informational purposes only. It should not be regarded as investment advice. Investing in stocks involves risk. A stock's past performance is not a reliable indicator of its future performance. Always consult a financial advisor or trusted sources before making any investment decisions

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