The sell-off came after Huang introduced Blackwell Ultra, a new family of AI chips set to launch in the second half of 2025. He also announced Nvidia’s next-generation graphics processor, Vera Rubin, expected to arrive in 2026, and hinted at future models named after physicist Richard Feynman.

The centerpiece announcement was Vera Rubin, first teased at Computex 2024 and now scheduled for release in the second half of 2026. This GPU, named after a famous astronomer, will feature tens of terabytes of memory and comes with a custom Nvidia-designed CPU called Vera.

Jensen Huang, Nvidia Corp.’s chief executive officer, used his annual developer conference to address concerns that the cost of artificial intelligence computing is spiraling out of control.