Nvidia stock soars on GeForce RTX 50 series unveiling at CES
CBSDEC 30 2024
Nvidia Unveils AI-Powered Gaming Chips and Robot Training Tech
Above: Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (CES) 2025 in Las Vegas, Nev., showcasing the company's latest innovations on Jan. 6, 2025. Image copyright: Artur Widak/Contributor/Anadolu via Getty Images
The Spin
Narrative A
Nvidia's new products are revolutionary. The Grace Blackwell Superchip will bring powerful AI computation to desktops, allowing developers to handle large models locally and boost AI research. Furthermore, Project Isaac Groot will enhance robotics development by simulating human demonstrations for robot training, making the creation of advanced robotics more efficient and accessible. These will lead to significant automation advances in various sectors.
Narrative B
The AI and chip frenzy, especially around Nvidia's Blackwell GPUs, is a bubble waiting to burst without artificial general intelligence (AGI). Between Nvidia's exorbitantly high prices, OpenAI ignoring massive training costs, and funding of revenue-lacking AI startups driven by speculation, the market is on an unsustainable path. Unless AGI becomes reality soon, this bubble, reminiscent of the dotcom era, is set to deflate and erase fortunes.