Nvidia has announced its smallest yet most powerful AI supercomputer, but the new product did little to prevent the Chip maker’s shares from sliding amid a marketwide rout on Tuesday.
“We’re entering the era of physical AI, AI that can proceed, reason, plan, and act,” said Nvidia CEO Jensen Huang in a keynote at the Consumer Electronics Show (CES) in Las Vegas on Jan. 6.
Huang showcased the firm’s latest products, unveiling Project DIGITS, a personal AI supercomputer that provides researchers, data scientists, and students access to a “deep learning GPU intelligence training system.”
Project DIGITS, which is powered by the GB10 Grace Blackwell Superchip, is expected to be available in May for around $3,000.
Jensen Huang speaking at the CES. Source: YouTube
Huang also debuted Nvidia’s Cosmos platform, which offers AI models for developing humanoid robots and autonomous vehicles.
“The autonomous vehicle revolution is here,” he said, adding that the platform “generates synthetic driving scenarios that enhance training data by orders of magnitude.”
“The ChatGPT moment for general robotics is just around the corner,” he added.
Nvidia also introduced AI Blueprints for agentic AI, allowing developers to build and deploy custom agents with features that include PDF-to-podcast conversion and video search and summarization capabilities.
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The announcements were not enough to prevent Nvidia shares from falling in a marketwide slump on Jan. 7 due to mixed US jobs data that impacted tech and crypto stocks the heaviest.
Nvidia Corp (NVDA) shares closed the day down 6.2% at $140, only picking up 1% in after-hours trading, according to Google Finance.
Nvidia slumped on Tuesday amid a wider market downturn. Source: Google Finance
Nvidia shares have gained 166% since the same time last year, and analysts are not concerned about the minor stock blip.
“The company continues to position itself more favorably — not just in the data center but increasingly at all areas of the edge — from client compute to autonomous vehicles to robotics,” Truist Securities analyst William Stein told Yahoo Finance.
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