Nvidia Inc. NVDA The company recently announced important products amid volatile business conditions, with the Street pricing in customer concentration and delays in product releases such as Blackwell GPUs.
Chip designers launch open source artificial intelligence models as competition from Microsoft intensifies MSFT Backed by ChatGPT’s parent company OpenAI and Alphabet Inc google google Google, Venture Beat reported.
Nvidia’s new NVLM 1.0 family of large-scale multimodal language models provides enhanced text-only capabilities in addition to visual and language tasks.
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Nvidia also announced a new Unreal Engine 5 on-device plugin for Nvidia Ace at Unreal Fest Seattle 2024 to help build and deploy AI-powered MetaHuman characters on Windows PCs, Venture Beat reports. .
Developers now have access to the new Audio2Face-3D plugin for AI-powered facial animation from Autodesk, Inc ADSK
Maya.
Nvidia shares have fallen more than 4% in the past five days since China retaliated against U.S. artificial intelligence technology sanctions and asked its companies to work with domestic chipmakers instead of Nvidia. Huawei Technologies has begun courting Nvidia’s hyperscalar customers in China by offering samples of its Ascend 910C processor.
Nvidia’s stock price has risen more than 161% in the past 12 months as U.S. hyperscalers continue to boost demand for the company’s AI chips.
Investors can gain exposure to Nvidia through ProShares Ultra Semiconductors USD and Invesco PHLX Semiconductor ETF SOXQ.
Price Action: NVDA stock was down 0.62% pre-market at $116.27 at last check on Wednesday.
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