NVIDIA's RTX Blackwell Chip Unveiled: Will It Push NVDA Stock Beyond $160?
The new Nvidia RTX Blackwell chip launched at CES 2025 could push Nvidia stock past $160. CEO Jensen Huang showed off the RTX Blackwell line at the event. The stock jumped 3.43% to $149.43 right after. “Blackwell is in full production, and the GPUs will be available for sale later in January,” Huang said at the event. Also Read: AI Predicts Ripple’s XRP To Breach $4: Here’s When NVIDIA’s RTX Blackwell Series: What the Latest Chip Means for Stock and Future Growth Source: Shacknews RTX Blackwell Lineup Details Source: Watcher Guru The RTX Blackwell chip powers the main RTX 5090, costing $2,000. Three other models round out the line: RTX 5080 ($999), 5070 Ti ($749), and 5070 ($549). Huang said the company had fixed its supply issues and could now make more chips. This new chip technology helps Nvidia meet the huge demand from gamers and AI users worldwide. Asian Market Response Asian chip stocks rose sharply after the RTX Blackwell news hit markets worldwide. “The...