Crucial Quote
“Today, when you think about your phone, the one thing you don’t do with it is make phone calls. You do just about everything else. So that phone means something very different to you, than a phone of the past. I’m certain what’s going to happen here is that the PC 10 years from now and PC you think about today…is going to be completely different,” Huang said in his keynote. He then added: “I could totally imagine that some day there’s actually an AI supercomputer in your house,” as he compared it to commonplace appliances people have today including lawnmowers and dishwashers.
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What To Watch For
Nvidia and Microsoft have not shared specific performance metrics about the RTX Spark and how it compares to laptops running Apple, AMD or Intel chips. Nvidia senior director of product management Mark Aevermann told The Verge that the new laptops will offer “all-day battery life,” and will be better at managing battery than any previous laptop running the company’s RTX GPUs. Aevermann claimed the RTX Spark’s GPU will be comparable with Nvidia’s current mid RTX 5070 mobile graphics processor and its CPU will be “competitive” with rivals in the Windows PC space. Nvidia’s announcement said the RTX Spark laptops will have “up to 128 GB of memory,” which is comparable to the amount of memory offered on Apple’s top-end Macbook Pro models.
How Have Markets Reacted To Nvidia’s Announcement?
In premarket trading early on Monday, Nvidia’s stock rose 1.64% to $214.60 after the company showed off its new consumer chip alongside its other datacenter computers and tools. The RTX Spark’s CPU will be based on the ARM architecture that is used by Apple’s M-series and Qualcomm’s Snapdragon Elite chips, and its licensee ARM Holding’s shares soared 8.69% in premarket to $384.83. Shares Qualcomm, which makes the only other ARM-based chip for Windows laptops slumped 6.38% to to 235.03, while shares of Intel and AMD—the two biggest Windows laptop chipmakers—fell 2.83% and 3.12% respectively in early trading.
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How Have Markets Reacted To Nvidia’s Announcement?
Nvidia’s stock price reached $224.34 per share by the time markets closed on Monday, approaching the company’s record high price of $235.74 reached in May. The RTX Spark’s CPU will be based on the ARM architecture that is used by Apple’s M-series and Qualcomm’s Snapdragon Elite chips, and its licensee ARM Holding’s shares soared 15.7% by the time markets closed. Shares of Qualcomm, the manufacturer of the only other ARM-based chip for Windows laptops, slumped on the news, falling about 8.78% over the course of the day. Share prices for Intel and AMD, the two largest chipmakers for Windows laptops, also fell about 4.6% and 1.1% respectively.
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