Nvidia Launches AI PC ‘RTX Spark’ in South Korea, Vows to Accelerate Agent AI Era

Tech analyst Dan Ives maintained an Outperform rating on Nvidia (NVDA) with a $300 price target, citing strong AI chip demand and a 70% revenue growth forecast for 2028. NVDA shares are down 0.5% premarket, trading at $216.26, 47.3% below its GF Value™ of $410.37, indicating undervaluation. The company's GF Score™ is 95, reflecting strong financial health and growth potential.

CoreWeave's stock rose 5.9% to $69.69 after a co-founder mentioned fundraising efforts. Its 5-year debt default risk surged to 1,194.5 basis points, with a 60% default probability in 5 years, per Bloomberg. Global AI infrastructure spending concerns weighed on semiconductor stocks, with the PHLX Semiconductor Index down 9% this week.

Nvidia launched RTX Spark laptops on Friday, designed to run AI agents locally. These laptops use a superchip combining a Blackwell RTX graphics chip and a Grace processor, offering up to 128GB of memory and 1 petaflop of AI performance. Nvidia also released Nemotron 3.5 Bolt, a 74B-parameter AI model, and partnered with Adobe, Microsoft, and MediaTek. Prices start at $2,599, with models from ASUS, Dell, HP, Lenovo, Microsoft, and MSI.

Germany plans to announce an AI partnership with Nvidia next week, according to Handelsblatt. The deal, to be presented by Chancellor Friedrich Merz and Nvidia CEO Jensen Huang, involves hundreds of millions of euros for AI cloud computing and engineering support. Participating companies include Siemens, Audi, and Black Forest Labs. The goal is to advance industrial AI, such as robotics and self-driving cars, with funding possibly from a research fund.

Taiwan plans a $4B Texas industrial park to support AI hardware production, aiding Nvidia's supply chain. The project aims to help Taiwanese vendors like TSM and Foxconn establish U.S. operations. Quanta and Wistron have also announced U.S. investments. Taiwan's economy minister noted $20B in planned U.S. investments, separate from TSMC's $265B Arizona expansion.

NVIDIA's RTX Spark laptops, priced at $2,599, are now available globally from six major PC makers. The laptops feature NVIDIA's Grace CPU and Blackwell RTX superchip, challenging Intel and AMD in the processor market. This expansion into mainstream Windows laptops could open a new recurring revenue stream for NVIDIA, complementing its data center GPU sales.