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"ConnectX-7 Smart NIC"

So those two QSFP ports can be configured for 400GbE IB and/or RoCE?

Also is it fair to say that this can run a desktop considering it has an HDMI port?

Yes, the whole point is that it is a compact desktop for AI applications, so, yes, it can run a desktop.

Nvidia DGX and HGX servers packed NVME, 8 H100 GPUs and 8 Infiniband cards don't run a desktop. They don't even have an HDMI port.