NVIDIA stock hits record high, right out of its coronavirus slump

NVIDIA stock has just finished climbing a new mountain today, hitting a new all-time high of $322 on Monday after delving below $200 in March following the COVID-19 coronavirus outbreak.

The bump in stock price can be attributed to the completion of its acquisition of Mellanox Technologies, which closed on April 27. The deal was worth $6.9 billion, and sees NVIDIA acquiring a bunch of technologies from Mellanox including its InfiniBand interconnect technology, which super-speeds Ethernet connections in supercomputers and huge datacenters.

NVIDIA has significant investment into supercomptuers and datacenters with its stock product stack -- powering countless supercomputers around the world with its technology. Until now, NVIDIA's previous record closing price was $314.70 -- but it now stands at $322.62.

We are expecting NVIDIA to unveil its new Ampere GPU architecture and possibly some new Tesla or Quadro graphics cards at its GTC 2020 keynote which will now be online, versus in-person in San Jose, California like it normally is. That happens on May 14, and you can find out how to watch it here.

(New) NVIDIA Ampere GA100 Specs

• 8192 CUDA cores @ 1750MHz boost
• 1024 Tensor Cores
• 256 RT Cores
• Unknown amount of GDDR6 @ 16Gbps
• Unknown TDP
• 7nm

More reading on NVIDIA Ampere:

NVIDIA Ampere GPUs

• GA102 - 84 SMs / 5376 CUDA cores / 12GB GDDR6 / 384-bit bus - 40% faster than RTX 2080 Ti
• GA103 - 60 SMs / 3840 CUDA cores / 10GB GDDR6 / 320-bit bus - 10% faster than RTX 2080 Ti
• GA104 - 48 SMs / 3072 CUDA cores / 8GB GDDR6 / 256-bit bus - 5% slower than RTX 2080 Ti

Older NVIDIA Ampere GA100 Specs

• 8192 CUDA cores @ 2GHz (2.2GHz boost)
• 1024 Tensor Cores
• 130 RT Cores
• 48GB of HBM2e memory @ 1.2GHz
• 300W TDP
• TSMC 7nm+
• 36 TFLOPs peak output

I've already written about rumors that NVIDIA's next-gen Ampere GPU architecture would be up to 75% faster than current-gen GPUs such as the Turing architecture, right after rumors that Ampere would offer 50% more performance at half the power of Turing. This is pretty crazy stuff right there.

Not only that, but we've got some rumored specs on the purported GeForce RTX 3080 and GeForce RTX 3070 graphics cards, which will both be powered by NVIDIA's new Ampere GPU architecture.

We've already heard that Ampere would offer 50% more performance at half the power of Turing, which sent the hairs on my neck standing up. Better yet, you can read about the leaked specs on the purported Ampere-based GeForce RTX 3080 and GeForce RTX 3070 right here.

GA103 (GeForce RTX 3080)

• 10/20GB GDDR6
• 320-bit memory interface
• 60 SMs
• 3480 CUDA cores

GA104 (GeForce RTX 3070)

• 8/16GB GDDR6
• 256-bit memory interface
• 48 SMs
• 3072 CUDA cores

AMD also just revealed its next-gen RDNA 2 / Navi 2X plans, something we referred to as Big Navi until just recently. Those specs are monstrous, but they pale in comparison to what NVIDIA has planned for its flagship HPC destined Ampere GA100 beast.

AMD RDNA 2 / Navi 2X / Big Navi Specs

• 7nm node (confirmed)
• RDNA 2 architecture (confirmed)
• 80 compute units
• 5120 stream processors
• 17.5 TFLOPs compute performance
• Hardware ray tracing support (confirmed)