Nvidia is rising after announcing the 'most powerful GPU for the PC' (NVDA)

Nvidia ceo volta tesla v100

Nvidia is getting closer to offering a mainstream GPU based on its Volta architecture with the release of its new Titan V GPU.
The card costs $2,999 and is aimed at artificial intelligence researchers.
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Nvidia has finally brought its Volta architecture to the PC in a consumer format with its new Titan V GPU.

The company is trading 0.97% higher at $193.74 after announcing the new chip, which goes on sale immediately for the out-there price of $2,999.

The new chip is based on Nvidia's Volta architecture, which is slowly replacing its previous Pascal architecture that is still widely available today. The Titan V is aimed at scientists and researchers in the artificial intelligence field.

The chip is about nine times more powerful than its predecessor, according to Nvidia. The new card illustrates Nvidia's focus on powering the next generation of artificial intelligence and machine learning, as the company is focusing on addressing the needs of researchers before releasing a card for the video gaming market.

'“Our vision for Volta was to push the outer limits of high performance computing and AI," Jensen Huang, CEO of Nvidia, said in a news release. "We broke new ground with its new processor architecture, instructions, numerical formats, memory architecture and processor links.”

The new cards are available for purchase from Nvidia, but they are being used in data centers for researchers to use via the cloud. Nvidia said it will begin offering access to the new Titan V card on its own computing platform immediately.

The Titan V is not aimed at gamers or cryptocurrency miners, two of Nvidia's largest markets. Those markets have been supply-constrained as cryptocurrency miners are scooping up cards aimed at video gamers to help speed up their crypto rigs.