---
title: "Blackwell's high energy efficiency performance enhances investor confidence, NVIDIA's stock price hits a three-month high"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/216257157.md"
description: "At the \"AI Summit DC\" artificial intelligence summit in Washington, D.C., NVIDIA showcased its latest Blackwell chip, emphasizing its energy efficiency, boosting investor confidence, and causing the stock price to rise by over 4%, reaching a three-month high. The chip, developed for OpenAI's GPT-4 software, only requires 3 GW of power, a significant decrease from 5500 GW ten years ago. An NVIDIA vice president stated that the Blackwell platform is built around energy efficiency, and the company is expanding the application of AI technology"
datetime: "2024-10-08T23:32:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/216257157.md)
  - [en](https://longbridge.com/en/news/216257157.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/216257157.md)
---

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# Blackwell's high energy efficiency performance enhances investor confidence, NVIDIA's stock price hits a three-month high

According to the Zhitong Finance APP, on Tuesday, at the "AI Summit DC" artificial intelligence summit in the US capital Washington, NVIDIA (NVDA.US), facing concerns about AI computing power consumption, promoted the energy efficiency of its latest chips, which excited investors and led to a more than 4% increase in its stock price, reaching a new high in three months.

NVIDIA stated at the summit that its Blackwell chip, launched to customers this year, only requires 3 GW of power to develop OpenAI's GPT-4 software, compared to a high of 5500 GW of power required ten years ago.

Bob Pette, Vice President of NVIDIA, stated at a press conference before the summit, "Our Blackwell platform is basically built with energy efficiency in mind."

The company also highlighted its progress in software, including creating "agent blueprints" that allow enterprises to quickly deploy customized AI services. Agents are software that handle real-world tasks, such as handling customer requests, assisting in equipment design, or accelerating drug development.

This summit continued to drive NVIDIA's stock price up on Tuesday, with the company's stock rising by nearly 4.5%, reaching its highest level in three months since July 11. After rising by 239% in 2023, the stock has more than doubled this year.

Despite being a major beneficiary of the AI spending boom, most of NVIDIA's revenue comes from a small number of data center manufacturers and operators. The company stated that it is "leading the way" in expanding the use of this technology to more areas, laying the foundation for what it sees as a new industrial revolution.

This drive also includes finding more customized uses for artificial intelligence. Pette mentioned that while tools like OpenAI's ChatGPT are often helpful, they tend to "repeat the content we post on the internet."

He stated that such services will not find ways to treat cancer or help run specific business operations. Instead, people need smaller, customized AI models tailored for specific purposes.

This software is part of NVIDIA's expanding range of products and services, covering chips, servers, network equipment, AI models, and services. The overall goal is to help companies more easily integrate everything needed for using artificial intelligence.

In addition to agent software, Deloitte also uses some of NVIDIA's software in its CyberSphere online security services. The chip manufacturer stated that AT&T (T.US), Lowe's (LOW.US), and ServiceNow (NOW.US) are also adopting NVIDIA's products.

NVIDIA also stated that artificial intelligence is particularly likely to change the healthcare industry. Pette mentioned that the company has been preparing for this transformation over the past decade by developing drug research businesses

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