Nvidia stock (NVDA) ripped higher Monday after CEO Jensen Huang revealed details about the company's next AI chip platform during his keynote at the Computex conference in Taipei, Taiwan, on Sunday. The new platform, called Rubin, is the successor to Nvidia's Blackwell platform, which it unveiled in March.
While the CEO offered scant details on Rubin, he did mention that the platform will also include a new Arm-based CPU called Vera and will come to market in 2026. Huang also announced a more powerful version of its Blackwell platform called Blackwell Ultra coming in 2025, as well as an Ultra version of the Rubin platform for 2027.
Shares of the AI chip giant were up more than 3% in as of noon Monday.
Nvidia is the leader in AI chips thanks to early investments in the technology that have put it well ahead of its rivals in terms of hardware capabilities and software features. That's helped to make the company's offerings invaluable not only to cloud providers like Amazon, Google, and Microsoft, but to businesses ranging from healthcare to the automotive industry. That's helped power Nvidia's incredible growth over the last year, with revenue jumping 262% year over year from $7.19 billion to $26 billion in Q1.