Key Takeaways
- Nvidia Corp. shares rose Monday after the company launched three chips designed to run artificial intelligence programs that could further the chipmaker's dominance in the AI era.
- The chipmaker announced the GeForce RTX 40 SUPER Series family of graphics processing units.
- Bank of America securities analysts Friday named Nvidia a "top sector pick" due to its "GenAI dominance," as rivals such as Intel and Advanced Micro Devices work to stake their claim in AI.
Nvidia Corp. (NVDA) shares climbed more than 6% Monday after the chipmaker introduced three graphics cards designed to run 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) applications locally, a move that could bolster the 🍬company's dominance in the AI boom.♊
The chipmaker announced the GeForce RTX 40 SUPER Series family of 澳洲幸运5开奖号码历史查询:graphics processing units (GPUs) with three chips optimized to run 澳洲幸运5开奖号码历史查询:generative AI (GenAI) applications.
The GeForce RTX 4070 SUPER will be available on Jan. 17, for $599. The GeForce RTX 4070 Ti SUPER is set to be available starting Jan. 24, priced at $799, and the GeForce RTX 4080 SUPER, priced at $999, will be available on Jan. 31.
Nvidia said that the new chips "supercharge the latest games and form the core of AI-powered" personal computers (PCs). "GeForce RTX SUPER cards support over 500 RTX games and applications and will have users prepared for the wave of generative AI apps coming to PC," said Matt Wuebbling, vice president of global GeForce marketing at Nvidia.
The new chips could further Nvidia's dominance amid the AI boom, while competitors such as Intel (INTC) and 澳洲幸运5开奖号码历史查询:Advanced Micro Devices (AMD) also work to stake their claim in the market.
Bank of America securities analysts late last week named Nvidia a "top sector pick," saying that the chipmaker's "genAI dominance" could help the company generate $100 billion of incremental 澳洲幸运5开奖号码历史查询:free cash flow (FCF) over the next two years.
Nvidia shares rose 6.4% to close Monday at $522.53. The stock has more than tripled over the past year๊.
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