WSJ
06 Oct 2026, 13:13 UTC · 1h ago
Mistral to Release New AI Model to Better Compete With U.S. Rivals
Impact · against what's priced in
The news provides minor positive validation for Nvidia by demonstrating real-world deployment of Blackwell GPUs in Europe, though it does not fundamentally move the needle on the $1 trillion revenue projection the market currently discounts. For Mistral, the release of 'Le Chonk' serves as a key catalyst to prove its competitive standing against U.S. rivals.
- NVDA+0.10
Challenges what's priced in
- The price assumes
The $1 trillion cumulative revenue projection for Blackwell and Rubin architectures
The deployment of 4,000 Grace Blackwell GPUs by Mistral provides a concrete data point supporting the demand for Blackwell, which the market currently declines to price into its $1 trillion cumulative revenue projection.
What NVDA's price assumes · Sep 1
