Latest news with #BlackwellUltraGPUs
Engadget
8 hours ago
- Business
- Engadget
NVIDIA is reportedly developing an AI chip for China more powerful than the H20
NVIDIA is working on a new AI chip meant for the Chinese market that's more powerful than the H20, according to Reuters . It will reportedly be based on the company's latest Blackwell architecture, which can produce chips between seven and 30 times faster than its previous AI platform. Reuters says the product is tentatively named B30A and will have a single-die design, putting all its main components on a single piece of silicon. It will apparently be capable of half the computing power of NVIDIA's Blackwell Ultra GPUs, which have dual-die configuration. The product will also come with high-bandwidth memory and the company's NVLink technology for speedier data transmission between processors. It's possible that NVIDIA is developing the chip after the Chinese government discouraged local companies from using the H20, especially for government and national security purposes. Chinese regulators even reportedly ordered big tech corporations, including Alibaba, Bytedance and Tencent, to suspend their purchases from NVIDIA until the government is done with a national security review. China's warning to local companies came after the US government lifted its export restriction on the company's H20 chips. If you'll recall, the US blocked the company from selling its H20 chips to China back in April over concerns that the Chinese military could use the chips to develop AI technology. In July, NVIDIA announced that the government has assured the company that it will approve licenses to ship and export H20 chips to China. The Financial Times then reported in August that the government had agreed to grant NVIDIA (and AMP) export licenses in exchange for 15 percent of their profits. Reuters says NVIDIA is still finalizing the specs of B30A, but it's hoping to deliver samples to Chinese clients for testing as soon as September this year. Trump seems to already be aware that NVIDIA is working on a chip based on Blackwell for the Chinese market, but whether it gets regulatory and export approval remains to be seen: The president told reporters that NVIDIA CEO Jensen Huan is "coming to see [him] again about that." If you buy something through a link in this article, we may earn commission.
Business Insider
05-07-2025
- Business
- Business Insider
CoreWeave Stock (CRWV) Continues to Ride the AI Wave. Do Analysts See More Upside?
CoreWeave (CRWV) stock rose about 9% on Thursday following the announcement that it has become the first cloud provider to deploy Nvidia's (NVDA) next-generation artificial intelligence (AI) chips – the Blackwell Ultra GPUs (graphics processing units). CRWV stock has risen about 313% to $165.20 from its initial public offering (IPO) price of $40. While the stock continues to rise on investor optimism, many Wall Street analysts are cautious about CoreWeave stock due to several reasons, including valuation concerns, and see a possible downside from current levels. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. CoreWeave bulls highlight the company's partnership with Nvidia, robust orders, and growing demand for computing and AI infrastructure. Notably, the company reported a 420% jump in its Q1 2025 revenue to $981.6 million and ended the quarter with a solid backlog of $25.9 billion. However, many analysts are concerned about CoreWeave stock's steep valuation following the strong rise since its IPO, margin pressures due to significant investments, and high debt levels. Recently, H.C. Wainwright analyst Kevin Dede initiated coverage of CoreWeave stock with a Hold rating. The analyst noted CRWV's 'proven bleeding-edge technology implementation and ability to bring it to supercomputing scale.' The 4-star analyst also highlighted the company's growing customer list, which includes hyperscalers themselves, as well as its speed to market, which it has enhanced through new deals with emerging infrastructure partners and suppliers. Dede also noted a large and expanding addressable market, which, according to CoreWeave, is expected to increase to $400 billion by 2028. The analyst added that AI itself could have a $20 trillion global impact by 2030. Despite these positives, Dede currently prefers to be on the sidelines, given the 'explosive' rise in CRWV stock. Meanwhile, Bank of America analyst Bradley Sills downgraded CoreWeave stock to Hold from Buy due to its lofty valuation. The 4-star analyst also projects $21 billion of negative free cash flow through 2027 owing to elevated capital expenditure ($46.1 billion through 2027). However, Sills boosted CoreWeave stock's price forecast to $185 from $76, noting several positives, including the OpenAI deal and strong revenue momentum. Is CoreWeave Stock a Good Buy? Overall, Wall Street is cautiously optimistic on CoreWeave stock, with a Moderate Buy consensus rating based on 11 Holds, six Buys, and one Sell recommendation. However, owing to the impressive rally since the IPO, the average CRWV stock price target of $78.53 indicates 52.5% downside risk from current levels.
