Nvidia stock (NASDAQ:NVDA) surged Monday following CEO Jensen Huang’s preview of the company’s upcoming AI chip platform during his keynote at the Computex conference in Taipei, Taiwan. The new platform, Rubin, is the successor to Nvidia’s Blackwell platform, which was introduced in March.
Though details on Rubin were limited, Huang revealed that the platform will feature a new Arm-based CPU called Vera which is slated for release in 2026. Additionally, he announced a more robust version of the Blackwell platform, dubbed Blackwell Ultra, scheduled for 2025, along with an Ultra iteration of the Rubin platform set for 2027.
Shares of the AI chip leader saw a significant uptick of more than 3% during Monday’s morning trading session.
Nvidia’s dominance in AI chips stems from its early investments in the technology, positioning it well ahead of competitors in both hardware capabilities and software features. This advantage has made Nvidia’s offerings indispensable not only to cloud providers such as Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOG), and Microsoft (NASDAQ:MSFT) but also to businesses spanning various sectors from healthcare to automotive.
This robust demand has fueled Nvidia’s remarkable growth over the past year, with revenue skyrocketing by 262% year-over-year from $7.19 billion to $26 billion in Q1.
Nvidia currently boasts the third-largest market capitalization globally among publicly traded companies, standing at $2.79 trillion. Microsoft and Apple hold the top two positions with market caps of $3.08 trillion and $2.98 trillion, respectively. Analysts on Wall Street anticipate Nvidia’s upward trajectory to persist.
Beth Kindig, lead tech analyst at I/O Fund, expressed optimism about Nvidia’s future, stating, “We have a $10 trillion market cap target for Nvidia by 2030, and I will be candid and tell you I think that’s too low.”
However, Nvidia wasn’t the sole chipmaker making headlines at the Computex conference. AMD (NASDAQ:AMD) announced its MI325X AI accelerator, slated for release in Q4 this year, along with its 5th-generation EPYC server processor. Additionally, the company introduced its MI350 series accelerator slated for release in 2025, along with the MI400 set for 2026.
In addition to server chips, AMD introduced its AI 300 chip for AI PC laptops and its Ryzen 9000 series chips for both laptops and desktops.
At Computex, Intel (NASDAQ:INTC) revealed its range of chips, which features the Xeon 6 E-core processors designed specifically for data centers. The company also introduced its new Gaudi 3 AI accelerator, priced at about two-thirds the cost of competing accelerators. Intel’s strategic move to market the Gaudi 3 as a more affordable option for companies seeking AI accelerators is aimed at capturing market share in the lucrative AI chip segment, where prices can reach tens of thousands of dollars.
Despite AMD and Intel’s announcements, their stocks didn’t experience the same surge as Nvidia’s, with shares of both companies declining by as much as 1.4% in Monday morning trading.
Featured Image: Freepik
Author Faith Yakubu 
