Elon Musk's 'The Next Big Thing' At xAI Showcases Nvidia's Market, Says Analyst Pierre Ferragu: 'This Is Huge'
- by Benzinga.com
- Jun 03, 2024
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See Also: Elon Musk Mocks Steve Jobs, Apple’s Potential Deal With OpenAI, Siri’s AI Overhaul And More: This Week In Appleverse
When Nvidia launched its next-generation AI chips earlier this year, the company said that the new Blackwell B200s are four times faster than the H100. Meanwhile, the B100 directly replaces the H100 architecture while maintaining the same TDP, and is available as an HGX offering.
Reacting to Musk’s post, Ferragu commented, “This is huge. This may be in « Elon time » but it still means the processing power between the two generations goes up at least 15x and the cost easily 5x. That's Nvidia's market…”
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Why It Matters: Nvidia’s AI infrastructure is in high demand, as evidenced by the increased capital expenditures of its major clients, including tech behemoths like Microsoft Corporation, Meta Platforms, and Alpbhabet Inc.’s Google.
Notably, Musk announced on Tesla‘s earnings call in April that the company will double its H100 GPU chips by the end of the year, further enhancing Tesla's Full Self-Driving software. Last week, it was also reported that Musk informed investors of his plan to establish a data center with 100,000 H100 GPUs for his xAI startup.
The report came after Musk’s year-old startup closed a $6 billion fundraising round, pegging its reported valuation at $24 billion.
In May, Nvidia reported adjusted earnings per share (EPS) of $6.12 on $26 billion in revenue, showing year-over-year increases of 461% and 262%, respectively. Additionally, the company announced a 10-for-1 stock split and raised its quarterly dividend by 150%.
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