Nvidia's new Blackwell processors, a key development in the AI tech race, will soon be a big driver of profit growth.

JPMorgan analyst confident in Nvidia's Q4 performance as they resolve yield issues for next-gen Blackwell GPU. AI spending to skyrocket and Nvidia's dominance in enterprise and China markets solidifies its edge.

Microsoft (MSFT) shares gained more than 1% on Tuesday after it said its cloud business had become the first to offer Nvidia’s (NVDA) new Blackwell GPUs.

Chipsets known as graphics processing units (GPUs) are an integral component in the development of artificial intelligence (AI) applications. At the moment, Nvidia (NASDAQ: NVDA) holds an estimated 88% of the AI GPU market thanks to its industry-leading A100 and H100 GPUs.

Taiwan’s Foxconn said Tuesday it was building the world’s largest manufacturing site for servers to house Nvidia’s GB200 Superchips.