:max_bytes(150000):strip_icc()/GettyImages-2254221429-32707150aa594448855ce49db7087bfe.jpg "Nvidia and AMD Showcased Their Newest AI Chips at CES—Here’s What You Need to Know")
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Key Takeaways
- Nvidia and Advanced Micro Devices showcased their newest AI products at CES on Monday.
- Nvidia CEO Jensen Huang said his company’s latest chips can be used for a wide range of applications, including robotics and self-driving cars along with creating and training AI models.
Tech investors got a fresh look at the product roadmaps of two leading AI chipmakers on Monday.
Nvidia (NVDA) CEO Jensen Huang and Advanced Micro Devices (AMD) CEO Lisa Su each spoke at the Consumer Electronics Show in Las Vegas Monday, where they unveiled their companies’ newest AI chips. Huang showcased Nvidia’s next-generation AI chip platform called Rubin, which uses chips supporting a wide range of applications, from model creation and training to enabling robotics and self-driving cars.
Wedbush analysts told clients after the event that it underscored how robotics and self-driving could present another market opportunity for Nvidia to “tap into,” and that they believe the new avenues could help Nvidia’s market capitalization rise to $6 trillion over time, from its current level near $4.7 trillion.
Why This Matters to Investors
Nvidia has become the world’s most valuable company by providing most of the hardware behind the artificial intelligence boom. Staying at the forefront of the chipmaking space is important for Nvidia’s stock, while competitors like AMD work to prove their own technology can compete with Nvidia’s.
Nvidia said its AI-powered driver assistance software will be used in a new Mercedes-Benz car available later this year. Analysts have previously suggested Nvidia could be a key beneficiary of the rise of self-driving robotaxis.
Su’s Monday evening keynote also highlighted AMD’s newest chips for data centers as well as physical AI applications like robotics.
Nvidia shares climbed about 2% in recent trading, while AMD slipped 2% after both stocks posted small declines on Monday.
