Nvidia stock slides ahead of GTC as investors look to new Blackwell Ultra

Nvidia (NVDA) banal slid much than 1% successful aboriginal trading Monday up of the AI chipmaker's yearly GTC league connected March 18, wherever CEO Jensen Huang is expected to debut the company's upcoming AI chip, Blackwell Ultra, and a caller AI superchip, Vera Rubin.

Monday's determination follows an 8% ascent past week. The chipmaker's shares roseate much than 5% Friday unsocial arsenic the banal began to retrieve from a post-earnings rout successful which Nvidia led "Magnificent 7" stocks little amid a tech-driven marketplace downturn.

Huang teased that helium would unveil much astir Blackwell Ultra and Vera Rubin astatine GTC during the company's post-earnings telephone connected Feb. 26.

"Come to GTC, and I'll speech to you astir Blackwell Ultra, Vera Rubin, and past amusement you what's ... aft that," Huang told analysts.

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Nvidia has officially scaled accumulation of its current-generation Blackwell AI servers successful "the fastest merchandise ramp" successful its past aft they were delayed a 4th amid reports of overheating and glitches. Its Blackwell products generated $11 cardinal successful gross for Nvidia during the company's 4th quarter. Huang said overcoming the challenges of scaling the current-generation Blackwell systems volition marque it easier for the institution to ramp up accumulation of Blackwell Ultra.

"This clip betwixt Blackwell and Blackwell Ultra, the strategy architecture is precisely the same. It's a batch harder going from Hopper to Blackwell due to the fact that ... the chassis, the architecture of the system, the hardware, the powerfulness delivery, each of that had to change. This was rather a challenging transition," helium said successful the post-earnings call. Hopper is the GPU Nvidia launched anterior to Blackwell.

"But the adjacent modulation volition slot close in. Blackwell Ultra volition slot close in. We've besides already revealed and been moving precise intimately with each of our partners...”

Huang confirmed successful the telephone that Nvidia is slated to motorboat Blackwell Ultra successful the 2nd fractional of this year.

Other spot stocks, including Samsung (005930.KS), Dell (DELL), AMD (AMD), and Arm (ARM), roseate Monday up of GTC.

In summation to Blackwell Ultra and Rubin, Nvidia is besides expected to sermon the company's simulation technologies and more. During past year's event, Nvidia highlighted its latest bundle efforts astir humanoid robots.

"We ... expect Mr. Huang to update thoughts connected evolving AI workloads and supply incremental commentary connected emerging areas of AI improvement specified arsenic Physical AI and Robotics," wrote Stifel expert Ruben Roy successful a enactment connected Friday.