Yahoo TV Nvidia to showcase new Blackwell GPU at GTC event
Nvidia's 2024 GTC (GPU Technology Conference) kicks off on Sunday, March 17, where the chip company (NVDA) will showcase its newest tech including the RTX 50-series "Blackwell" GB203 and new GB205 GPUs. While Nvidia's stock has fallen over several trading days, Webush analysts raised their price target on its stock from $850 to $1,000 per share.
Matt Bryson, Wedbush Securities Senior Vice President for Equity Research on Hardware, joins Yahoo Finance on the bigger semiconductor picture for Nvidia and several of its top competitors, such as Intel (INTC) and Advanced Micro Devices (AMD).
"There's demand for more than just Nvidia. Having said that, I think that Nvidia and bringing the cadence of its products to market faster is certainly doing its best to maintain its share lead," Bryson comments.
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 Luke Carberry Mogan.
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