Nvidia's Blackwell chip could boost these ASX stocks — and propel Nvidia past Apple
The H100 catapulted Nvidia to become the world's third-biggest company. On Monday night US time the company announced its successor.
How do you know we're in the midst of an AI mania? On Monday night (US time) San Jose's SAP Center, usually the home of hockey or basketball games, was packed by over 10,000 who came to hear Nvidia CEO Jensen Huang speak about the company's new AI processors.
They did not leave disappointed. Kicking off what's been dubbed "AI Woodstock", Huang unveiled the Blackwell GPU range. It includes the B200, a successor to the H100 Nvidia launched last year. The new chips are not only far more powerful, Nvidia says, but up to 25 times more efficient.
Once the niche dominion of gamers and tech developers, such chatter about processor specifications now has considerable financial implications. Driven largely by data centre demand, last year's H100 fuelled a run that's swelled Nvidia's market cap by nearly 400% in just 12 months. The B200 has big shoes to fill.
Australia is unfortunately lacking in companies developing AI models, but isn't missing out on AI mania entirely. Analysts say companies such as NextDC, whose stock is up 74% in the past 12 months thanks in part to AI demand, are likely to be buoyed by Nvidia’s Blackwell line.
