Anticipating the Highlights at Nvidia’s GTC Conference

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Anticipating the Highlights at Nvidia’s GTC Conference

Shares of Nvidia (NVDA) are trading higher Monday ahead of the tech giant’s highly anticipated GTC conference. The event will focus on Nvidia’s upcoming product lineup and the company’s vision for advancing AI in the coming years.

Yahoo Finance’s Tech Editor Dan Howley breaks down the details, providing insight into the key details investors should watch for during the conference.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor’s note: This article was written by Angel Smith

Video Transcript

Also, everyone, we’re tracking NVIDIA shares this morning. They’re ticking higher in the premarket as analysts boost the company’s price target ahead of its annual GTC conference. Our very own tech editor Dan Howley is live from the conference in San Jose, California, where the sun has not even hit the streets. But our own Dan is out there bringing us what we can expect. Dan, what are you going to be listening for?

DAN HOWLEY: Yeah. Right now, I’m hoping to get my hands warm at some point. It’s not quite sun up yet. But what we’re going to be expecting to hear is mostly about the big new products that NVIDIA will have on offer in the year ahead.

A lot of the rumors point to a new GPU for them, a new architecture. Right now, their top-of-the-line products are the H100 and the H200. They have their own superchip, which is the Grace Hopper Superchip. We’re expected to get something called a Blackwell Chip. That’s what various reports have pointed to.

There’s also the possibility that we could hear more about different partnerships as well as how they expect AI to permeate throughout various industries throughout the year. This is obviously their biggest GTC to date, mostly because of the hype from the AI boom that we’ve started to see or we’ve been seeing kicked off in 2022 with ChatGPT.

And as you said, price targets are going up on NVIDIA as the conference gets ready to go out. We have Matt Brydson from Wedbush. He’s jumped up to $1,000 from $850. We have Truist Securities. They’ve jumped up from $911 to $1,177. We have– that’s from William Stein. We have HSBC. They jumped from $880 to $1,050 for the price target. And that’s conference hasn’t even started yet.

So we’ll see what happens afterwards. You know, AI, obviously, huge in the news. We’ve mentioned earlier when Matty had put her thoughts in on the Apple and Google potential tie up there. So it’s not going away anytime soon.

It’s certainly not. All right, Dan Howley. We will get back to you shortly. Good luck today. Big day for you.

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