AI Chips Update - NVIDIA Unveils Project DIGITS Revolutionizing AI Accessibility

NVIDIA has launched Project DIGITS, a compact AI supercomputer designed to bring powerful AI capabilities directly to individual researchers, data scientists, and students. The project features the NVIDIA GB10 Grace Blackwell Superchip, which offers a petaflop of AI computing performance and allows users to develop, fine-tune, and run large AI models efficiently using standard desktop systems. This initiative aims to democratize access to advanced AI tools, enabling seamless deployment of models from local systems to cloud or data center infrastructures. Designed in collaboration with MediaTek, the GB10 Superchip is noted for its power efficiency and high performance, accommodating AI innovation with models as large as 200 billion parameters. Project DIGITS is set to be available for purchase starting May, signifying a significant step toward mainstream AI integration across industries.

• MediaTek (TWSE:2454) last closed at NT$1,460.00 down 2%, not far from its 52-week high.
• NVIDIA (NasdaqGS:NVDA) last closed at $140.14 down 6.2%.

MediaTek is poised for growth with its AI-focused SoC solutions and strategic alliances. Discover the full narrative on MediaTek's market opportunities and challenges with a click.

In other market news, Giga Device Semiconductor (SHSE:603986) was trading firmly up 9% and ending trading at CN¥114.65, hovering around its 52-week high. In the meantime, Astera Labs (NasdaqGS:ALAB) lagged, down 7.0% to end trading at $133.60.

Don't forget to revisit our Market Insights article titled "The AI Capex Cycle Shows No Signs Of Slowing Down," where we discussed the ongoing surge in capital expenditure within the AI chip sector and its implications for companies like Nvidia, Broadcom, and AMD.

Best AI Chip Stocks

• QUALCOMM (NasdaqGS:QCOM) ended the day at $160.52 up 0.4%.
• ASML Holding (ENXTAM:ASML) ended the day at €738.40 down 1.3%.
• Advanced Micro Devices (NasdaqGS:AMD) ended the day at $127.33 down 1.7%. This week, AMD announced a partnership with Dell to launch new AI-powered Ryzen processors for commercial devices, alongside unveiling innovative gaming and AI PC products ahead of CES 2025.

Summing It All Up

• Investigate our full lineup of 56 AI Chip Stocks featuring ASM International, Texas Instruments and Marvell Technology right here.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "NVIDIA Puts Grace Blackwell on Every Desk and at Every AI Developer’s Fingertips" from NVIDIA on GlobeNewswire (published 07 January 2025)

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com