Nvidia artificial intelligence developer conference kicks off with new chips in focus
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Artificial intelligence semiconductor powerhouse Nvidia kicked off its annual developer conference on Monday, with investors focused on new chip announcements from Chief Executive Jensen Huang in an afternoon keynote address.Nvidia's new chip and software announcements at GTC 2024 will help determine whether Nvidia can maintain its leadership position as the dominant seller of the tools needed to fuel the past year's frenzy around AI. Nvidia dominates the data center AI chip market, capturing roughly an 80% share last year. Its shares have surged 240% over the past 12 months, making Nvidia the U.S. stock market's third most valuable company, behind only Microsoft and Apple. That stellar rally leaves Nvidia's stock at risk of plummeting back to earth if the Santa Clara, California...