Nvidia Unveils New AI Chips Amidst Market Uncertainty

Nvidia has introduced the Blackwell Ultra and Vera Rubin AI chips during its GTC conference. Despite these advancements, Nvidia’s stock fell by 3.4%, reflecting Wall Street’s lack of enthusiasm. The market remains volatile, with the S&P 500, Dow Jones, and Nasdaq Composite all experiencing losses. Investor sentiment surveys indicate a rising probability of recession and reduced GDP forecasts. Additionally, Google announced the acquisition of cloud security startup Wiz for $32 billion, marking its largest deal to date. — news from MarketWatch

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