Nvidia Corporation (NASDAQ: NASDAQ:NVDA) has made waves in the tech industry with the launch of its latest H200 GPU, which is poised to significantly enhance artificial intelligence (AI) applications. The chip was revealed on Monday and features a substantial upgrade in high-bandwidth memory, from 80 gigabytes to a robust 141 gigabytes, using HBM3E technology. This advancement allows for data processing speeds that are crucial for AI services, including those similar to OpenAI’s ChatGPT.
The announcement of the H200 GPU has not only underscored Nvidia’s leadership in the AI chip market but also spurred a notable increase in the stock prices of related companies. On Tuesday, shares of Micron Technology (NASDAQ:MU) climbed by 2%, while Nvidia’s own stock saw a 1.5% uptick. Market analysts attribute this positive investor reaction to the H200’s superior performance capabilities and the anticipation surrounding Nvidia’s future initiatives.
In particular, Nvidia’s upcoming JUPITER supercomputer, expected in 2024, is drawing attention for its promise to deliver an extraordinary 93 ExaFLOPS of AI performance. This will be achieved through the integration of 24,000 GH200 Superchips and a Quad GH200 configuration. The supercomputer is anticipated to further cement Nvidia’s position at the forefront of AI technology development.
Additionally, major cloud service providers such as Amazon (NASDAQ:AMZN) Web Services, Google (NASDAQ:GOOGL) Cloud, Microsoft (NASDAQ:MSFT) Azure, and Oracle (NYSE:ORCL) Cloud Infrastructure have been confirmed to offer early access to the H200 chip. Specialty AI cloud providers CoreWeave, Lambda, and Vultr are also participating in the initial rollout. These collaborations highlight the widespread industry support for Nvidia’s innovative technology.
Furthermore, memory suppliers such as SK Hynix have reported sales increases due to the demand for AI chips like Nvidia’s H200. While Micron Technology is actively working towards becoming a supplier for Nvidia, both SK Hynix and Samsung (KS:005930) are advancing their own HBM3E offerings to meet the growing needs of this burgeoning market sector.
As these developments unfold, subscribers of tech newsletters like Today’s Cache are staying abreast of the latest updates from major companies and new product releases that are shaping the future of technology.
