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World News March 20, 2024

Nvidia stock climbs as CFO says new chip to ship in 2024

Nvidia’s stock saw a boost following announcements at their annual conference. They plan to launch a new AI processor and aim to tap into a data center market potentially exceeding $250 billion annually. The new chip, Blackwell, promises significant performance enhancements. Nvidia is shifting focus to selling complete systems rather than individual chips. They’re collaborating with TSMC and South Korean chipmakers to ensure smooth production. Despite competition and customer chip-making efforts, analysts remain optimistic about Nvidia’s dominance in the AI industry.

Source – CGTN

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