Overview
- Nvidia's stock is down 23% from its January peak, driven by market concerns over slowing growth and rising competition from DeepSeek and Huawei.
- At its GTC conference, Nvidia unveiled new AI chips, Blackwell Ultra and Rubin, promising significant performance improvements for data centers and beyond.
- CEO Jensen Huang announced a $1 trillion revenue projection for AI data center infrastructure by 2028, emphasizing continued growth in AI demand.
- Nvidia is investing heavily in U.S.-based manufacturing to reduce reliance on Asian supply chains and mitigate risks from geopolitical tensions.
- The company is expanding into quantum computing with plans for a research center in Boston, signaling a strategic diversification beyond AI hardware.