Nvidia (NVDA) Sets Course Toward AI and Deep Learning

At the company’s annual GPU Technology Conference this week, Nvidia (NDVA) CEO Jen-Hsun Huang said in his opening keynote address that Nvidia’s focus will be centered around its core GPU (graphics processing unit) technology, Investor’s Business Daily reported.

GPUs provide graphics on computers, in video games and in various other applications. Huang pitched several new hardware offerings—based on the company’s GPU technology—which are positioned for the rapidly growing cloud computing sector that’s currently dominated by Amazon (AMZN) and Microsoft (MSFT), though Google parent Alphabet (GOOGL) is taking steps to grab market share.

The workhorse unit will be the $129,000 DGx-1, a server-like device that’s based around the company’s next-generation GPU architecture, called Pascal. Huang said that DGx-1 was intended to further deep learning and artificial intelligence.
The other cloud computing options the company revealed at the GTC conference included the new Tesla P100 GPU platform, which Huang touted as a “miracle in five parts,” referring to its design. Huang said that the company had succeeded in achieving a greaterthan-10-fold increase in the P100’s image processing capacity over its predecessor.
NVDA is a Cabot Top Ten Trader stock.

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This stock could rise 50% before becoming fairly valued.

This hot technology company is growing like a weed, thanks to products that speed up cloud communications.

This stock is somewhat well known, but far from well loved.

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