NVIDIA (NVDA) Takes GPUs A Notch Ahead With Titan RTX
Zacks Investment Research | Dec 06, 2018 03:23AM ET
NVIDIA Corporation (NASDAQ:NVDA) is on a roll with its Turing micro architecture-based GPUs.
The company recently launched its new GPU, Titan RTX, based on the fully enabled version of the TU102 chip, which will be available at $2,499 in the United States and Europe toward the end of the month.
In the third quarter of the year, the company had come up with its first gaming GPU — GeForce RTX series — based on the TU102 chip. However, some hardware of the chip was disabled back then.
The “T-Rex,” as nicknamed by the company, has been designed specifically for artificial intelligence researchers, data science specialists and content creators.
A glimpse into the core of the graphics card shows the powerful 24GB high-speed GDDR6 RAM, with ray tracing performance upto 11 Gigarays per second compared with 10 Gigarays per second in the GeForce RTX.
AI-Driven GPUs Drive Growth
The strong lineup of advanced graphics cards has made NVIDIA a favorite graphics card provider among PC makers. The company has always generated substantial revenues from its cards because of the significantly higher functionality.
In its last reported quarter, revenues at the GPU business grew 25% year over year to $2.77 billion on the back of strong Datacenter, Professional Visualization and Automotive segments.
NVIDIA Corporation Revenue (TTM)
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