NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years!
Companies / Tech Stocks Sep 03, 2020 - 06:40 PM GMTBy: Nadeem_Walayat
Nvidia has just released information on their next gen RTX 3000 GPU's , and if what NVIDIA announced is true then they have just blown away the rest of the competition for a good 2 years! Just on the basis of today's release! This is what a good AI tech stock looks like!
For instance I was expecting a 30% increase in performance over the RTX 2000 series GPU's for the same $ price, instead NVIDIA is announced a 100% Increase in performance! Which means AMD and the rest of the market are NOT going to be able to get anywhere near NVIIDIA's GPU's in terms of price per performance, not even close for at least the next 2 YEARS by which time NVIDIA will be announcing it's RTX 4000 series GPU's!
The 3000 series is based on Nvidia Ampere architecture, where the following image illustrates the magnitude of their achievement as Nvidia have delivered far MORE than the market was expecting it to deliver, especially given that their previous Turing architecture was not that much of a leap from that which preceded it (Pascal).
If NVIDIA's slides turn out to be anywhere near true then I am sure many including myself will soon be buying an NVIDIA 3000 GPU given the huge jump in performance even if real world bench marks come in at say at 80% improvement instead of the 100% stated. For instance implies will now be able to train the same neural network in near half the time for the same $ price GPU. Though given the amount of demand it's likely the actual prices from third parties will be a lot higher than NVIDIA's MSRP's i.e. I think it will be quite some time before we can actually buy an RTX 3080 for anywhere near $699 / £649 from Nvidia direct or from the likes of Amazon.
And the stock price says it all! $552!!! Up from $175 just 6 months ago!
The rise in Nvidia's stock price may seem insane but its NOT because NVIDIA has effectively cornered the GPU market for the next 2 years! It literally has NO competition! Nvidia can literally sell as many GPU's as it can produce, simple as that!
And let's hope AMD also gives the markets a pleasant surprise when it announces it's Zen 3 Ryzen processors later this month, for which I am expecting a more modest IPC increase of between 18% to 22%.
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Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
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