Nvidia’s highly anticipated GPU Technology Conference (GTC) 2024 has kicked off at the SAP Center in San Jose, California, marking the first in-person gathering since 2019. CEO Jensen Huang started the conference with a keynote address, unveiling new products and partnerships across data center, gaming, professional visualization, and automotive sectors.
Investors can expect a focus on the data center platform, with details about the B100 GPUs for processing AI workloads based on the Blackwell architecture. The company’s next-generation products are expected to be supply-constrained due to high demand.
Speakers from top companies like Alphabet, Amazon, Meta, and Microsoft are set to share insights at the event, alongside representatives from AI start-ups and industry entities. Particularly, the presence of OpenAI on the GTC itinerary signals the growing importance of generative artificial intelligence in the tech world.
Generative AI technology gained prominence in 2023 following the launch of OpenAI’s ChatGPT chatbot, driving up stock prices of companies involved in the sector. Nvidia’s data center business thrived on the demand for generative AI capabilities, reflecting in its impressive stock performance in 2024.
The Motley Fool Stock Advisor’s analyst team recently identified the 10 best stocks for investors to buy, excluding Nvidia. Despite this, the company’s remarkable growth and stock performance highlight its position as a key player in the AI market.
As the GTC unfolds, investors and tech enthusiasts can look forward to exciting announcements and advancements in AI technology, positioning Nvidia as a leading player in the ever-evolving industry landscape.
