NVIDIA Corporation (NASDAQ:NVDA) is among the Stocks That Could 10X in the Next 3 Years. On September 9, Reuters reported that NVIDIA Corporation (NASDAQ:NVDA) has announced plans to launch a new AI chip called “Rubin CPX” by the end of 2026.
This new chip is based on the company’s next-generation Rubin architecture, following its recent Blackwell technology. Management noted that the new chip targets complex AI tasks such as video creation and AI-assisted software coding.
Data-heavy operations such as generating video or writing code require more processing power, which the current GPUs are struggling to handle. For instance, processing one hour of video can require handling up to 1 million tokens. To address this, NVIDIA Corporation’s (NASDAQ:NVDA) new chip integrates multiple processing steps, such as video decoding, encoding, and AI inference, into a single system. This integration aims to improve efficiency and speed for AI workloads.
The company plans to invest $100 million in these new systems and expects this to help unlock $5 billion in token-related revenue.
NVIDIA Corporation (NASDAQ:NVDA) designs advanced computing products focused on accelerated computing and graphics.
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.