On the near horizon — H2 2025 — Nvidia will release Blackwell Ultra, a GPU that’ll come in several configurations. A single Ultra chip will offer the same 20 petaflops of AI performance as Blackwell, but with 288GB of memory — up from 192GB in vanilla Blackwell.

Nvidia will also offer a single rack called the GB300 NVL72 that offers 1.1 exaflops of FP4, 20TB of HBM memory, 40TB of “fast memory,” 130TB/sec of NVLink bandwidth and 14.4 TB/sec networking.

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.

The markets: The Fed is expected to hold interest rates at 4.25%-4.5% but investors will be focused on the future guidance. Analyst notes from Ark Invest’s Cathie Woods on the “AI crisis” at Apple, Goldman Sachs on the effect of “trade policy uncertainty” on jobs, UBS on the U.S. economy. Plus: All the news and watercooler chat from Fortune.

Chief Jensen Huang unveils Vera Rubin semiconductor and says appetite for ever-faster ones and software will continue to grow

Jensen Huang headlined the Nvidia GTC 2025 keynote, giving updates on Blackwell, Vera Rubin, and a new Disney and Google Deepmind partnership.