Nvidia (NVDA) Faces a New AI Rival Ahead of Q2 Earnings Tomorrow
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- OpenAI and Broadcom developed a custom AI processor named Jalapeño, which benchmark tests show outperforms Nvidia's Blackwell systems in power efficiency, throughput, and latency.
- Jalapeño delivered up to 53.7× to over 100× more throughput at matched decoding speeds on models like GPT-OSS 120B and DeepSeek R1, with deployment planned by year-end.
- This new competition adds pressure on Nvidia ahead of its Q2 earnings report, where Wall Street expects revenue near $92.27 billion and an EPS of $2.09.