Nvidia erases losses on report top GPUs being sold more than $40,000 on eBay
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Nvidia (NASDAQ:NVDA) erased most of its losses on Friday after a report highlighted that the semiconductor's most advanced graphics cards are, in some cases, selling for more than $40,000 online.
Prices for the H100, unveiled last year at the company's GTC developer conference, have ranged between $39,995 and around $46,000, CNBC reported. That is a significant premium to the $36,550 that the H100 went on sale for last year.
Nvidia's (NVDA) GPUs have seen an increase in demand in recent years, especially from companies doing heavy work in artificial intelligence. OpenAI, which makes the ChatGPT chatbot that took the world by storm, uses Nvidia (NVDA) GPUs to train its large language models.
It is also believed that OpenAI uses AMD (AMD) GPUs to train some of its large language models as well.
The H100 Hopper chip was unveiled by CEO Jensen Huang in 2022. At the time, Huang said that 20 of Nvidia's (NVDA) H100 chips could handle the the entire world's internet traffic.
This year, Nvidia (NVDA) unveiled an updated version of the H100, the H100NVL, which is slated to start shipping in the second-half of 2023.
Nvidia (NVDA) has not yet announced pricing for its H100NVL GPU.
Earlier this week, Nvidia (NVDA) unveiled a new lower priced GPU that utilizes artificial intelligence, the GeForce RTX 4070.