Nvidia (NVDA) shares moved higher on Monday after CEO Jensen Huang revealed details about the company’s next AI chip platform during his keynote at the Computex conference in Taipei, Taiwan, on Sunday. The new platform, called Rubin, is the successor to Nvidia’s Blackwell platform, which it unveiled in March.
While the CEO provided few details about Rubin, he did say that the platform will also include a new Arm-based CPU called Vera, which will hit the market in 2026. Huang also announced a more powerful version of his Blackwell platform, called Blackwell Ultra. 2025, as well as an Ultra version of the Rubin platform for 2027.
Shares of the AI chip giant rose more than 3% in morning trading on Monday.
Nvidia is the leader in AI chips thanks to early investments in the technology that give the company a big lead over its competitors in hardware capabilities and software features. That has helped make the company’s offering invaluable not only to cloud providers like Amazon, Google and Microsoft, but also to companies ranging from healthcare to the automotive industry. That’s helped power Nvidia’s incredible growth over the past year, with revenue rising 262% year over year, from $7.19 billion to $26 billion in the first quarter.
Nvidia has the world’s third-largest market capitalization among publicly traded companies, at $2.79 trillion. Microsoft and Apple are at $3.08 trillion and $2.98 trillion respectively. And Wall Street expects Nvidia to continue to climb higher.
“We have a market cap target of $10 trillion for Nvidia by 2030,” Beth Kindig, chief technology analyst at the I/O Fund, told Yahoo Finance after Nvidia’s announcements. “And I’ll be honest and tell you that I think that’s too low.”
However, Nvidia wasn’t the only chipmaker making news in Taiwan. AMD (AMD) also announced its MI325X AI accelerator, saying it will hit the market in the fourth quarter of this year, as well as its fifth-generation EPYC server processor. The company also unveiled its MI350 series accelerator for 2025 and the MI400 for 2026.
In addition to its server chips, AMD also debuted its AI 300 chip for AI PC laptops and its Ryzen 9000 series chips for laptops and desktops.
Intel (INTC) also announced its own chip line at Computex, including its Xeon 6 E-core processors for data centers. It said the new Gaudi 3 AI accelerator will cost about two-thirds as much as competing accelerators. AI chips cost tens of thousands of dollars, so marketing the Gaudi 3 as a more affordable option for companies looking for AI accelerators is a smart move by Intel.
But AMD and Intel’s announcements didn’t provide the same boost to their shares as Nvidia’s. Shares of both companies fell as much as 1.4% on Monday morning.
Email Daniel Howley at dhowley@yahoofinance.com. Follow him on Twitter at @DanielHowley.
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