Latest news with #BlackwellGPU
NBC News
20 hours ago
- Business
- NBC News
'He's like Iron Man': Jensen Huang lit up London Tech Week — and we were in the room
LONDON — Wherever Nvidia CEO Jensen Huang goes, excitement follows — this time, all the way to London Tech Week. The Nvidia boss — whom Wedbush analyst Daniel Ives dubs the 'godfather of AI' — is more like a rockstar these days, given his wide-spanning effect on the AI industry. 'The amount of infrastructure required for AI wouldn't be possible without that man,' one attendee at London Tech Week said. 'He's like Iron Man,' the attendee added, referencing the popular Marvel superhero who is a tech billionaire inventor under the name of Tony Stark. The lines to get into the Olympia auditorium were already building around 40 minutes before Jensen was set to take the stage alongside U.K. Prime Minister Keir Starmer. Not everyone managed to get in — but there were helpfully screens around the venue where people could catch a glimpse of Huang's talk. The Nvidia CEO gave his continued bullish assessment of artificial intelligence, calling it an 'incredible technology' and saying it should be seen as infrastructure, just like electricity. UK gets glowing endorsement from Huang There weren't any multi-billion dollar investments touted at London Tech Week. But the biggest win for Starmer and the U.K. by far was Huang's lavish praise for the country. Wearing his trademark leather jacket, Huang called the U.K. the 'envy of the world' that is in the midst of a 'Goldilocks circumstance,' boasting a vibrant venture capital ecosystem, as well as budding AI entrepreneurs from leading firms including Google DeepMind, Synthesia, Wayve and ElevenLabs. Speaking alongside Huang, Starmer spoke in an animated manner as he touted Nvidia's investments in the U.K. Earlier in the day, the U.S. chipmaker announced a new 'U.K. sovereign AI industry forum,' as well as commitments from cloud vendors Nscale and Nebius to deploy new facilities containing thousands of its Blackwell GPU chips. Starmer spoke at length about AI's promise and the ways in which it could ease the burdens faced by the U.K.'s public sector institutions, from hospitals to schools. Huang added that the U.K. is 'such a great place to invest,' noting that Nvidia plans to partner with the country to upskill tech workers and build out domestic AI infrastructure. 'Infrastructure enables more research — more research, more breakthroughs, more companies,' the Nvidia chief said. 'That flywheel will start taking off. It's already quite large, but we're just going to get that flywheel going.' Starmer thanked Huang for his point, commenting that 'the confidence it gives when you explain it that way is huge.' 'From our point of view, we're really pleased to be seen that way,' the U.K. leader said. The pair shook hands at the end. Altogether, there was a lot of energy in the room. Huang said he was 'excited' for London Tech Week, and he was met with a round of applause from the audience. Europe wants a piece of Huang Huang has become the CEO everyone wants to be seen with. Nvidia has positioned itself as central to the AI revolution, which many commentators say is in the early innings. Nvidia wants that revolution to be built on its chips. And for countries like the U.K., these moments provide a chance for the country to tout its investment potential and for its leader to publicly share a stage with the man seen as powering the AI push. London was Huang's first stop in a broader European tour. The Nvidia boss will travel to Paris later this week, where the chipmaker will host its GTC conference. Politicians including President Emmanuel Macron, who has driven France's ambition to become a European AI hub, will also likely want some face time with Huang.
CNBC
a day ago
- Business
- CNBC
'He's like Iron Man': Jensen Huang lit up London Tech Week — and we were in the room
LONDON — Wherever Nvidia CEO Jensen Huang goes, excitement follows — this time, all the way to London Tech Week. The Nvidia boss — whom Wedbush analyst Daniel Ives dubs the "godfather of AI" — is more like a rockstar these days, given his wide-spanning effect on the AI industry. "The amount of infrastructure required for AI wouldn't be possible without that man," one attendee at London Tech Week said. "He's like Iron Man," the attendee added, referencing the popular Marvel superhero who is a tech billionaire inventor under the name of Tony Stark. The lines to get into the Olympia auditorium were already building around 40 minutes before Jensen was set to take the stage alongside U.K. Prime Minister Keir Starmer. Not everyone managed to get in — but there were helpfully screens around the venue where people could catch a glimpse of Huang's talk. The Nvidia CEO gave his continued bullish assessment of artificial intelligence, calling it an "incredible technology" and saying it should be seen as infrastructure, just like electricity. There weren't any multi-billion dollar investments touted at London Tech Week. But the biggest win for Starmer and the U.K. by far was Huang's lavish praise for the country. Wearing his trademark leather jacket, Huang called the U.K. the "envy of the world" that is in the midst of a "Goldilocks circumstance," boasting a vibrant venture capital ecosystem, as well as budding AI entrepreneurs from leading firms including Google DeepMind, Synthesia, Wayve and ElevenLabs. Speaking alongside Huang, Starmer spoke in an animated manner as he touted Nvidia's investments in the U.K. Earlier in the day, the U.S. chipmaker announced a new "U.K. sovereign AI industry forum," as well as commitments from cloud vendors Nscale and Nebius to deploy new facilities containing thousands of its Blackwell GPU chips. Starmer spoke at length about AI's promise and the ways in which it could ease the burdens faced by the U.K.'s public sector institutions, from hospitals to schools. Huang added that the U.K. is "such a great place to invest," noting that Nvidia plans to partner with the country to upskill tech workers and build out domestic AI infrastructure. "Infrastructure enables more research — more research, more breakthroughs, more companies," the Nvidia chief said. "That flywheel will start taking off. It's already quite large, but we're just going to get that flywheel going." Starmer thanked Huang for his point, commenting that "the confidence it gives when you explain it that way is huge." "From our point of view, we're really pleased to be seen that way," the U.K. leader said. The pair shook hands at the end. Altogether, there was a lot of energy in the room. Huang said he was "excited" for London Tech Week, and he was met with a round of applause from the audience. Huang has become the CEO everyone wants to be seen with. Nvidia has positioned itself as central to the AI revolution, which many commentators say is in the early innings. Nvidia wants that revolution to be built on its chips. And for countries like the U.K., these moments provide a chance for the country to tout its investment potential and for its leader to publicly share a stage with the man seen as powering the AI push. London was Huang's first stop in a broader European tour. The Nvidia boss will travel to Paris later this week, where the chipmaker will host its GTC conference. Politicians including President Emmanuel Macron, who has driven France's ambition to become a European AI hub, will also likely want some face time with Huang.
CNBC
6 days ago
- Business
- CNBC
Here are Jefferies' top stock picks for the summer
As a new trading month kicks off, analysts from Jefferies shared their top stock picks heading into the summer. Uncertainty over tariff policy was the theme that dominated markets to start the year. But stocks saw a rebound in May, with the S & P 500 adding 6.2% and posting its best month since November 2023. Investors are divided on where the market could go from here. On the more optimistic end, Fundstrat Global Advisors' Tom Lee said that the April sell-off has " rebirthed the new bull market ." But Evercore's Julian Emanuel seemed less certain, pointing to historical records suggesting that investors may have to contend with some rocky times ahead . With trade uncertainty likely to be at the forefront of investors' minds going forward, Jefferies' top stock picks seem "ready for sunshine or rainclouds," the firm wrote in a Tuesday note. Jefferies shared 28 of its top buy-rated, highest-conviction ideas that "are underpinned by differentiated analysis, supported by catalysts and sit at valuation levels that suggest upside." The table below lists 10 of these picks: One of the names on Jefferies' list was Nvidia . Shares of the chipmaker are up 5% this year. Jefferies' price target of $185 implies a further upside of 31%. "We view NVDA as the dominant supplier of AI accelerators within the data center, an industry that is expanding rapidly due to the development and adoption of AI," the firm wrote. "The ramp of the co's next-generation Blackwell GPU platform is now fully underway, so [ gross margins ] should improve from the low-70% to mid-70% range throughout the year." Dexcom , the maker of glucose monitoring systems, was another name on Jefferies' list. Shares have risen 11% in 2025. The bank's price target of $110 corresponds to an upside of nearly 27%. "We think DXCM is about to capitalize on a major top-line driver as it looks to expand coverage to Type 2 non-insulin (NIT2) patients," Jefferies wrote. The company has received approval from the U.S. Food and Drug Administration for its 15-day glucose monitoring sensor , and "the conversion to 15-day sensors could be a significant margin driver," the firm said. Jefferies also singled out Capital One as another winner. The bank's price target of $230 is nearly 18% above where shares settled on Tuesday afternoon. The firm cited Capital One's recent acquisition of Discover Financial Services as a major catalyst for the company. "Merger with DFS has been completed, unlocking significant network and OPEX synergies. Additional items that provide conviction on the name are improving credit trends within the COF/DFS books, leading to potentially higher net interest margin coupled with reserve releases," the firm wrote. Shares of Capital One have rallied more than 9% this year.
Yahoo
02-06-2025
- Business
- Yahoo
NVIDIA Stock Soars 19% in a Month: Time to Hold or Book Profits?
NVIDIA Corporation NVDA has seen its share price soar 18.7% over the past month. This surge has significantly outperformed the broader Zacks Computer and Technology sector, which gained 6.9% during the same period. Image Source: Zacks Investment Research This outperformance raises the question: Is it time to take profits, or should investors continue holding NVDA as the rally extends? NVIDIA's recent surge has been driven in part by improving sentiment around U.S.-China trade. The two countries have rolled back tariffs, with the United States reducing tariffs on Chinese imports to 30% from 145%, while China cut duties on U.S. goods from 125% to 10%. These new terms will be in place for 90 days. This 90-day reprieve has eased concerns about prolonged trade disruptions, improving market sentiment and lifting stocks across sectors, especially tech and semiconductors. This broader rally has also powered gains in major semiconductor players, including Advanced Micro Devices AMD, Micron Technology MU and Broadcom AVGO. Over the past month, shares of Advanced Micro Devices, Micron and Broadcom have risen 10%, 17.4% and 20.6%, respectively. For NVIDIA, this trade relief was just the catalyst needed to reignite buying interest in a stock already backed by strong fundamentals. Given its solid footing in AI and chip innovation, this rebound has legs, suggesting that holding the stock may still be the better call. NVIDIA's most powerful growth engine continues to be its Data Center business. In the first quarter of fiscal 2026, the segment brought in $39.1 billion in revenues, a staggering 89% of total company sales. This represents 73% year-over-year growth and a 10% sequential rise, primarily fueled by explosive demand for AI. The company's cutting-edge Hopper 200 and Blackwell GPU platforms are being rapidly adopted as cloud and enterprise customers race to scale up AI infrastructure. A large chunk of this growth is coming from hyperscalers, who are betting big on NVIDIA's GPUs to support their expanding AI workloads. With the Blackwell architecture promising up to 25x better AI inference performance than Hopper 100, NVIDIA continues to raise the bar. The upcoming Blackwell Ultra and Vera Rubin platforms are likely to strengthen its position further as global demand for AI computing accelerates. Despite some geopolitical setbacks, NVIDIA's financials remain rock solid. In the first quarter of fiscal 2026, revenues jumped 69% from the year-ago quarter, while non-GAAP earnings per share rose 33%. Even with an $8 billion expected revenue hit in the second quarter due to export restrictions on its H20 chips in China (after a $2.5 billion revenue loss in the first quarter), NVIDIA remains confident in its momentum. Its second-quarter guidance of $45 billion in revenues marks a 50% jump from the same quarter last year. Wall Street sees this trend continuing. The Zacks Consensus Estimate projects revenue growth of 51% in fiscal 2026 and 24% in 2027, with earnings growth of 40% and 32%, respectively. These numbers reinforce NVIDIA's position as a long-term growth story, one that remains intact despite near-term geopolitical hurdles. Image Source: Zacks Investment Research Valuation-wise, NVIDIA is overvalued, as suggested by the Zacks Value Score of D. In terms of forward 12-month Price/Earnings (P/E), NVDA shares are trading at 29.13X, higher than the sector's 25.52X. Image Source: Zacks Investment Research Compared with other major semiconductor players, NVIDIA is trading at a lower P/E multiple than Broadcom while at a higher multiple than Advanced Micro Devices and Micron Technology. At present, Broadcom, Advanced Micro Devices and Micron Technology are trading at P/E multiples of 32.91X, 23.49X and 9.61X, respectively. NVIDIA's strong fundamentals, dominant position in AI and impressive growth outlook make a compelling case for staying invested. While valuation is on the higher side, the company's momentum, both operationally and financially, supports holding the stock. NVIDIA carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Micron Technology, Inc. (MU) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
20-05-2025
- Business
- Yahoo
Infobip Enhances AI Capabilities With NVIDIA DGX B200
Infobip is among the first in central Europe to use NVIDIA's powerful data center Blackwell GPU VODNJAN, Croatia, May 20, 2025--(BUSINESS WIRE)--Global communications platform Infobip has deployed NVIDIA DGX B200 systems in its data center infrastructure, marking a significant step forward in its commitment to advancing artificial intelligence capabilities. Infobip will utilize the supercomputer for the IPCEI-CIS project, an EU initiative focused on developing a next-generation global communications platform to enhance Europe's competitiveness. The project aims to safeguard Europe's digital sovereignty by ensuring better alignment with EU regulations on data protection and transparency. The combination of Communications Platform as a Service (CPaaS) and Contact Center as a Service (CCaaS) platform features with AI provides powerful tools to enhance customer experience. According to Gartner®, "By 2028, generative AI will drive conversational CX in 80% of enterprises, up from 20% in 2024"[1]. NVIDIA DGX B200 systems are equipped with eight NVIDIA Blackwell GPUs and an impressive 1.4TB of GPU memory, along with two fifth-generation Intel Xeon CPUs per module. This supercomputer serves as an AI accelerator, specializing in both the training and inference of AI models. Damir Prusac, vice president of Research Alliances at Infobip, said: "At Infobip, we're excited to begin utilizing NVIDIA DGX B200, harnessing its capabilities for the IPCEI-CIS project. This system allows us to advance our AI model development and deployment, enabling us to deliver faster and more efficient AI-driven solutions, and strengthening our position as a leader in innovation and technology." "Global communications platforms face increasing demands for secure, efficient and scalable AI solutions," says Carlo Ruiz, vice president of Enterprise Solutions at NVIDIA. "The NVIDIA Blackwell-powered DGX platform delivers the performance and flexibility needed to tackle the most complex AI workloads, empowering innovators like Infobip to accelerate development and deployment of transformative solutions for the next generation of digital communications." [1] Gartner 'Seize AI Trends to Enhance CPaaS and CCaaS Platforms in 2025' (By Manoj Bhatia - 3 January 2025 - ID G00823112) GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved About Infobip Infobip is a global cloud communications platform that enables businesses to build connected experiences across all stages of the customer journey. View source version on Contacts For more information, contact:Marcelo Bojana Mandić Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
