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13 September 2024

US tech giant unveils latest artificial intelligence chip

Mariko Oi

The firm has an 80% market share and hopes to cement its dominance.

In addition to the B200 "Blackwell" chip, its chief executive Jensen Huang detailed a new set of software tools at its annual developer conference.

Nvidia is the third-most valuable company in the US, behind only Microsoft and Apple.

Its shares have surged 240% over the past year and its market value touched $2tn (£1.57tn) last month.

As Mr Huang kicked off the conference, he jokingly said, "I hope you realise this is not a concert."

But Bob O'Donnell from Technalysis Research who was at the event told the BBC that "the buzz was in the air".

"I haven't seen something like this in the tech industry in quite some time," he said.

"In fact, some people were making analogies to the early days of Steve Jobs types of presentations."

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