Nvidia Unveils Rubin CPX GPU for Generative AI Video, Cerebras Challenges with $1B Backing
Nvidia has revealed the Rubin CPX GPU, set for release in late 2026, targeting generative AI video. Meanwhile, Cerebras Systems, backed by heavy investments, claims its hardware can outperform Nvidia's in certain tasks. Citi has boosted its sales forecasts and price targets for Nvidia, while the company itself is investing heavily in AI infrastructure and OpenAI.
Nvidia's latest GPU, the Rubin CPX, is designed for generative AI video and will launch later this year. Cerebras Systems, a rival in AI hardware, has received significant backing from investors such as Fidelity Management & Research Company and Atreides Management, totaling over $1 billion. Cerebras plans to use these funds to expand its AI infrastructure, increase production in the USA, and prepare for its upcoming IPO.
Cerebras' CEO has asserted that their hardware can outperform Nvidia's in certain tasks. In response, Nvidia has announced a substantial $100 billion investment in OpenAI to build large-scale AI data centers. Citi has raised its 2026 and 2027 sales forecasts for Nvidia by 1% and 10% respectively, and increased its price target to $210, indicating a 15.5% upside. Cerebras Systems' latest funding round has pushed its valuation to $8.1 billion.
Nvidia's Rubin CPX GPU and Cerebras Systems' ambitious plans are set to shape the future of AI hardware. With increased investment and raised forecasts, the AI industry is poised for significant growth and innovation.
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