#computex2024

(Source – GN Crypto)

Jensen Huang, CEO of Nvidia (NVDA), recently garnered rock star treatment in Taiwan, where he was a keynote speaker at the Computex Taipei computer trade show. Huang’s visit captivated Taiwanese media, with extensive coverage and reporters closely following his every move. He was mobbed by attendees at Computex and featured prominently in thousands of social media posts.

“He’s just such an inspiration – he’s one of us,” said engineer Hol Chang. “What he is doing will change the world.” Huang’s popularity, dubbed “Jensanity” by locals, has swept across the island, making headlines and sparking public fascination.

Huang’s activities were closely followed, from dining at local restaurants to posing for selfies and answering questions about his meals. He even threw the first pitch at a baseball game in Taipei and signed autographs, including a memorable request from a female fan to sign her top across her chest. This level of celebrity treatment highlights his significant influence and the high regard in which he is held in Taiwan.

Nvidia’s Market Surge

Huang, 61, was born in Tainan, Taiwan’s historic capital, before emigrating to the United States at age nine. While his celebrity status in the U.S. is more subdued, with occasional recognition, his company, Nvidia, is widely acknowledged. Nvidia dominates the market for graphics chips that power the massive artificial intelligence (AI) datasets used by major tech firms like Meta Platforms (META), Microsoft (MSFT), and Alphabet (GOOG).

On June 5, Nvidia shares experienced a significant surge, reaching record highs and surpassing Apple (AAPL) in market capitalization. Nvidia’s market value hit $3.019 trillion at the end of the session, compared to Apple’s $2.99 trillion. This milestone positioned Nvidia as the second-most valuable public company, trailing only behind Microsoft, which holds a market capitalization of $3.15 trillion.

During his keynote at Computex, Huang outlined Nvidia’s ambitious plans to introduce a new version of its flagship AI chips annually. “Our company has a one-year rhythm,” Huang stated. “Our basic philosophy is very simple: build the entire data-center scale, disaggregate and sell to you parts on a one-year rhythm, and push everything to technology limits.” He revealed that a significant upgrade to Nvidia’s next-generation Rubin GPU (graphics processing unit) is in the pipeline and set for release in 2026. “The next wave of AI is physical AI,” Huang said. “AI that understands the laws of physics, AI that can work among us.”

Nvidia also announced plans to ship its new Blackwell GPU system in the coming months, with an upgrade to Blackwell Ultra expected next year.

Market Analysts and Future Prospects

Bank of America Securities analysts, led by Vivek Arya, reiterated their buy rating on Nvidia, setting a price target of $1,500. They highlighted Nvidia’s strong position to enable the $3 trillion IT industry to deliver AI services. “Despite claims by rivals (AMD, Intel, custom chips or ASICs), we see NVDA with a multi-year lead in performance, pipeline, incumbency, scale, and developer support,” Arya noted in a research report.

Last month, Nvidia reported outstanding first-quarter earnings, including a five-fold increase in overall revenue, which surpassed $26 billion. Net income surged, resulting in a bottom line of $15.24 billion. Additionally, Nvidia announced a ten-for-one forward stock split, effective after June 7.

Chris Versace of TheStreet Pro decided to trim his position in Nvidia ahead of the stock split. “We’ve seen NVDA shares drift higher this week following CEO Jensen Huang’s comments at Computex and a few price target increases across Wall Street,” Versace remarked. “Our view is the 10-for-1 split is largely cosmetic, and we’d rather lock in the more than 50% gain on our original NVDA purchase.”

AMD Ryzen AI 300 Series

AMD unveiled a revolutionary range of next-generation devices and architecture today at Computex 2024, with the goal of launching a new chapter in AI experiences. For next-generation AI PCs, AMD is introducing new AMD Ryzen AI 300 Series processors featuring the most potent Neural Processing Unit (NPU) in the world. This enables laptops to perform AI-powered computation. AMD is also delivering the next-generation AMD Ryzen 9000 Series desktop processors, improving prosumer, gaming, and content producer performance and efficiency. These new processors complete a wide variety of AI-enabled cloud, edge, client, and other services.

With Copilot+ support, AMD Ryzen AI 300 Series CPUs enable next-generation AI laptops to unlock new AI experiences. This new NPU, which is based on the AMD XDNA 2 architecture, has three times the AI engine performance of the second generation of AMD Ryzen AI and 50 TOPS of AI processing power, exceeding the specifications of the Copilot+ AI PC.

These processors, which are powered by the new “Zen 5” architecture, have 50% more on-chip L3 cache memory and up to 12 high-performance CPU cores with 24 threads than the previous generation of “Zen 4” processors designed for thin and light laptops. This third generation Ryzen AI Series laptop offers the best in intelligent, responsive, and private laptop computing with its powerful AI architecture and supercharged performance for exceptional gaming and productivity.

The new AMD Ryzen 9000 Series desktop CPUs, which provide customers with cutting-edge processing capability and dependability, mark a substantial advancement for desktop PCs. With the top-of-the-line Ryzen 9 9950X offering the fastest consumer desktop performance in the world5, AMD Ryzen 9000 Series desktop processors, built on the most recent “Zen 5” architecture, deliver an impressive average 16% better IPC performance compared to the previous generation of Ryzen processors’ “Zen 4” architecture.

According to Jack Huynh, senior vice president and general manager of AMD’s Computing and Graphics Group, “AMD is so excited to introduce the Ryzen 9000 series, the world’s most powerful desktop processors for gamers and creators, and the 3rd generation AMD Ryzen AI processors, which provide leadership AI and compute performance for ultrathin and premium Copilot+ PCs.” “With the fastest APU performance6, the most potent NPU in the world with 50 TOPs, and the world’s first block floating point NPU, which doubles the performance of 16-bit applications without sacrificing accuracy,” the AMD Ryzen AI 300 series processors push the boundaries of what is conceivable.

AMD Ryzen AI 300 Series Processors Offer AI-Powered Productivity and Maximum Performance

With up to 12 powerful “Zen 5” cores and 24 threads, the AMD Ryzen AI 300 Series offers blazingly fast performance in ultrathin laptops. The Ryzen AI series boosts creativity and productivity with its dedicated AI engine that is built on the new AMD XDNA 2 architecture. It does this by managing local AI tasks, creating content, and automating workflows all while consuming very little power. These CPUs, which have the newest AMD Radeon 800M Series graphics with new AMD RDNA 3.5 graphics architecture, are meant to deliver smooth framerates and AAA gaming experiences.

With the following essential capabilities, the AMD Ryzen AI 300 Series processors transform laptop computing:

Superior Performance

Because of AMD Ryzen AI 300 Series CPUs’ blazing-fast performance for demanding multitasking, immersive gaming, and serious content creation, users can tackle difficult tasks with ease.

Privacy-Maintained and Agile AI

With AMD Ryzen AI, which is intended for the effective processing of local AI workloads, discover the power of personal AI. Ryzen AI improves responsiveness and creativity by automating workflows and increasing productivity, allowing users to create content and complete activities more quickly.

Extraordinary Longevity of Batteries

Thanks to AMD Ryzen AI 300 Series CPUs’ efficiency, you may enjoy optimal gaming and productivity while on the road.

Portable Console-Class Gaming

The world’s best graphics for gaming, with high frame rates and extremely low latency, are the built-in AMD Radeon 800M graphics.

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AI Ecosystem Assistance

AMD is driving the next generation of AI compute in close collaboration with industry partners to open the door to a world of AI-enabled experiences ranging from entertainment and gaming to productivity and content production. More AI PCs with AMD Ryzen AI 300 Series processors are being announced by OEM partners like Acer, ASUS, HP, Lenovo, and MSI. AMD is also closely collaborating with ecosystem partners like Microsoft and Zoom to further develop AI PC capabilities.

“With the potential to completely change the way Microsoft work and live, Microsoft is currently experiencing a major transition in AI platforms. That’s why Microsoft deep partnership with AMD, which has spanned multiple computing platforms, from the PC to custom silicon for Xbox, and now to AI, is so important for them ,” . Microsoft is thrilled to work with AMD to provide these brand-new Copilot+ PCs with Ryzen AI. Microsoft is fully dedicated to working with AMD to advance AI technology on the cloud and edge in order to provide Microsoft’s shared customers with new benefits.

Acer Inc.’s COO, Jerry Kao, said, “AI is continuing to reshape our customers’ expectations for PCs across gaming, content creation, professional, and everyday use. “With AMD, we are providing our clients with more AI-enabled experiences with never-before-seen power and performance. We are thrilled to reveal new systems running on AMD Ryzen AI 300 Series CPUs in the upcoming months.

“Asus is working hard to ensure Asus’s users have the best hardware and software to support current and future AI capabilities as AI PCs continue to mature,”. In collaboration with AMD, Asus is launching new systems that include the ROG Zephyrus G16, ProArt P16 and PX13, Zenbook S 16, ASUS Vivobook S 15, S 14, and S 16, and TUF Gaming A14 and A16, all of which are powered by AMD Ryzen AI 300 Series CPUs. We provide best-in-class processing power to ASUS’s users so they may use AI applications.

HP President and CEO Enrique Lores stated, “In the age of AI, HP is committed to delivering personalised experiences that drive greater productivity and growth for everyone.” “Local AI benefits are safely delivered to the device via the HP AI PC. With HP’s collaboration with AMD, HP will launch HP’s upcoming OmniBook AI PC later this year. HP’s clients will benefit from its strong performance and mobility as they traverse a hybrid environment.

Strong, long-term collaborations like the one with AMD have always been key to Lenovo’s approach in enabling smarter technology and innovation,” said Luca Rossi, President of the Intelligent Devices Group at Lenovo. AI for everyone.” “Later this year, Lenovo will introduce Lenovo AI laptops with 3rd Gen Ryzen AI CPUs for small and medium-sized enterprises through Lenovo’s creative ThinkBook line-up, for consumers through Lenovo’s premium Yoga franchise, and for commercial customers through the iconic ThinkPad. Regardless of your role as a creator, corporate professional, or startup founder, Lenovo offers one of the broadest ranges of AI devices at TOPS performance that leads the market.

Eric Kuo, Executive Vice President & NB BU GM of MSI, stated, “At MSI, they strive to expand the possibilities of what technology can do. The new AMD Ryzen AI 300 Series processor provides the performance needed to fuel AI PC innovation.” The new MSI AI PCs powered by AMD, the Stealth A16 AI+, Summit A16 AI+, Prestige A16 AI+, and Creator A16 AI+, are proudly presented.

Zoom’s CTO, Xuedong Huang, asserted that the company’s AI-enabled helper, Zoom AI Companion, had increased clients’ productivity and teamwork. Luca Rossi, President of Lenovo’s Intelligent Devices Group, stated that “strong, long-term collaborations like the one with AMD have always been key to Lenovo’s approach in enabling smarter technology and innovation.” powerful, energy-efficient, third generation Ryzen AI platform.”