Nvidia’s stock soared to an all-time high after the company unveiled groundbreaking updates to its product lineup. CEO Jensen Huang, speaking at the Consumer Electronics Show in Las Vegas, introduced the latest RTX 50 series of graphical processing units (GPUs) and confirmed that Nvidia’s next-generation Blackwell AI chips are now in full production.
Shares of Nvidia (NASDAQ: NVDA) opened at $153.03 on Tuesday, marking a new record for the tech giant, which continues to dominate the AI hardware market.
Huang revealed that the RTX 50 series, led by the flagship RTX 5090, will deliver at least double the performance of its predecessors. These GPUs incorporate advanced AI capabilities to enhance graphical processing, setting a new standard for performance and efficiency in the industry.
The spotlight also shone on Nvidia’s Blackwell AI chips, which are expected to fuel the company’s next phase of growth. As major tech firms invest heavily in data center infrastructure for AI applications, Blackwell chips are anticipated to meet surging demand. Huang emphasized that the Blackwell line not only offers a significant leap in performance but is also designed to be far more energy-efficient than earlier models.
In addition to hardware, Nvidia introduced in-house AI models designed to operate locally on its chips, showcasing the potential of “AI agents” built to tackle specific tasks.
Nvidia’s stock had already reached a record high on Monday, driven by anticipation for Huang’s announcements. The company has been at the center of a massive surge in valuation, adding approximately $2 trillion to its market cap over the past year, fueled by its pivotal role in the AI revolution.
Despite Nvidia’s impressive growth, including multiple quarters of robust earnings driven by the AI boom, the company recently issued guidance that fell short of some investor expectations. This has led to questions about the sustainability of its earnings trajectory as the AI market continues to evolve.
