Nvidia (NASDAQ:NVDA) shares fell on Tuesday even as the semiconductor giant unveiled several new products at its GTC conference, including a new high-end RTX GPU and GeForce GPUs.
The Jensen Huang led-Nvidia (NVDA) showed off its new RTX 4090 GPU, which is slated to be priced at $1,599. It will be available on October 12.
In addition, Nvidia (NVDA) also took the wraps off its new GeForce GPUs. The new chips will retail for $899 and $1,199, respectively, and will be available in November.
Santa Clara, California-based Nvidia (NVDA) said it would release its new Ada Lovelace graphics chips next month, while also unveiling the new NVIDIA IGX platform for high-precision edge artificial intelligence.
The IGX platform is geared towards manufacturing and logistics as well as medical use and can help with factories and warehouses, as well as robotic-assisted surgery and monitoring patients.
“As humans increasingly work with robots, industries are setting new functional safety standards for AI and computing,” Huang said in a statement. “NVIDIA IGX will help companies build the next generation of software-defined industrial and medical devices that can safely operate in the same environment as humans.”
Nvidia (NVDA) shares fell more than 2% in mid-day trading on Tuesday following the unveilings.
The company also showed off new products and services for robotics developers, chief among them the new Jetson Orin Nano system-on-modules.
The Orin Nano is capable of delivering up to 40T operations per second, or TOPS, of artificial intelligence in the smallest form factor.
It uses Nvidia's (NVDA) Ampere architecture GPU, Arm-based CPUs and has next-generation deep learning, high-speed interfaces and a faster memory bandwidth, along with multimodal sensor support.
The new Jetson Orin Nano modules will be available in January and start at $199.
On the analyst call, Huang said there are three components to the omniverse platform and the company is in full production of its OVX computers and is getting them as fast to customers as they can.
"I believe that omniverse will be one of the first applications that spans practically every organization, next to the web browser," Huang said.
Even though it's still early days for the platform as a whole, Huang said the business model will probably be similar to that of cloud computing model.
Huang added that omniverse is currently running on Amazon's (AMZN) Web Services, but the plan is to bring it to all cloud service providers.
When asked about the company's gaming business, Chief Financial Officer Colette Kress said that gaming is still driving "solid" sell-through in terms of Nvidia's (NVDA) products and there is still solid demand for gaming products.