Chipmaker Nvidia (NVDA) has just made its Jetson AGX Thor developer kit and production modules, which are powered by the company’s new Blackwell chip, generally available for purchase. This move shows how Nvidia is using robotics as another area to drive growth outside of gaming and data centers. The kit costs $3,499 and includes 128GB of memory, thereby giving robotics companies the tools to run advanced artificial intelligence models. Interestingly, Nvidia said that Jetson Thor offers up to 7.5 times more AI computing power and is 3.5 times more energy efficient than the older Jetson Orin model.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Indeed, CEO Jensen Huang highlighted that the system provides “unmatched” speed and efficiency, while also being able to run several generative AI models at the edge, which means closer to where the data is created. In addition, he explained that Jetson Thor was designed for the millions of developers who are building robots that interact with the physical world. More specifically, Huang described Jetson Thor as “the ultimate supercomputer” for what he calls the age of physical AI, where robotics will play a central role in daily life and industry.
It is also worth noting that some well-known companies are already using Jetson Thor in their products, such as Figure, Amazon (AMZN), and Caterpillar (CAT). Indeed, the fact that these firms have already integrated this technology demonstrates its wide range of uses, from humanoid robots to heavy machinery and logistics technology. For investors, the key point is that Nvidia is working to expand its leadership in the AI market into robotics, which could become a new source of strong growth over the long term.
What Is a Good Price for NVDA?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 36 Buys, three Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $199.81 per share implies 10.3% upside potential.
