Nvidia Unveils Blackwell Ultra GPU Shares Jump 6%
4x AI training improvement announced.
Nvidia CEO Jensen Huang unveiled the Blackwell Ultra GPU architecture at the company's annual GTC conference, promising a fourfold improvement in AI training performance over the current Blackwell generation. The chip, built on TSMC's N3E process node, is expected to begin shipping to hyperscale customers in the fourth quarter of 2026.
The announcement included immediate deployment partnerships with Microsoft Azure, Google Cloud Platform, and Amazon Web Services, with all three cloud giants committing to building dedicated Blackwell Ultra clusters. Huang told the audience that demand from hyperscalers 'exceeds anything we've ever experienced in our 31-year history' and confirmed that Nvidia is expanding production capacity at TSMC and Samsung foundries to meet orders.
Nvidia shares surged 6.2% in after-hours trading to $298 per share, pushing the company's market capitalization above $7.3 trillion and extending its position as the world's most valuable company. The rally spread to the broader AI ecosystem, with AMD rising 3.1%, Broadcom gaining 2.8%, and data center REIT Equinix adding 4.2%. Analysts at Bank of America raised their price target to $340, calling Blackwell Ultra 'the defining computing platform of the AI era.'
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