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What You Should Know About Nvidia's New Supercomputer

By Jose Najarro – Aug 27, 2021 at 10:00AM

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Nvidia is also pushing to become a software company.

Today's video looks at recent news affecting the semiconductor market. Reports online have stated a delay from Intel (INTC -0.78%) has pushed the U.S. Department of Energy's Argonne National Laboratory to order a supercomputer powered by Nvidia (NVDA -4.59%) and Advanced Micro Devices (AMD -3.81%). Here are some highlights from the video:

  1. On Wednesday, Aug. 25, 2021, Nvidia confirmed that its graphics card would power supercomputer Polaris. The supercomputer will employ 2,240 A100 Tensor Core GPUs.
  2. AMD and Nvidia have reported strong earnings in this most recent earnings season. Investors could see this supercomputer as an additional bullish sign for the growth of both these companies. At the same time, investors should not put Intel out of the race just yet. 
  3. Nvidia is primarily known as a hardware company for selling its high-performance graphics cards. On Aug. 24, 2021, Nvidia is proving to investors that it is also a software company by releasing the global availability of Nvidia AI Enterprise, a software suite of AI tools.

Click the video below for my full thoughts and analysis. 

*Stock prices used were the midday prices of Aug. 26, 2021. The video was published on Aug. 26, 2021.

Jose Najarro owns shares of Advanced Micro Devices and Nvidia. The Motley Fool owns shares of and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel and short January 2023 $57.50 puts on Intel. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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