Microsoft and Nvidia will share more details on a highly anticipated new laptop during an event at 1 P.M. ET on Wednesday. Powered by Nvidia chips and with a focus on artificial-intelligence capabilities, the news comes at a time when agentic AI services are on the rise and memory costs are soaring.

The move is positive news for Nvidia, as the PC market is one of the few chip-heavy sectors in which it's not the de facto supplier -- instead, it's chips from Intel and Advanced Micro Devices (AMD) that are found in most PCs and laptops.

A description on the Windows YouTube page where the event is streaming promises "a look at what's next from Windows, Surface, and Nvidia...including RTX Spark and new experiences designed to unlock more possibilities for developers and builders."

While that description is light on specifics, it does offer some clues as to what customers and investors can expect.

On May 31, Nvidia unveiled RTX Spark, describing it as "a new superchip that reinvents Windows PCs for the era of personal AI agents." At the same time, Microsoft announced that its forthcoming Surface Laptop Ultra would utilize the RTX Spark. Today, we'll find out what that partnership enables and, crucially, how much the laptop will cost.

The Surface Laptop Ultra is expected to run powerful AI and agentic workloads directly on the device, which is something hardware makers, including Apple, consistently point to as a crucial part of the AI future. Microsoft has yet to provide an official release date for the laptop, but will likely do so today.

Interest in on-device AI is growing as new AI agents come to market. Meta Platforms launched Muse last month, a consumer-focused personal AI assistant that can complete tasks like scouring bank statements for forgotten subscriptions from simple prompts. OpenAI followed at the end of September with Dots -- ChatGPT-powered agents marketed as personal assistants for enterprise users.

Agents require heavy computing power. Being able to run agents and other AI workloads locally without the need to use the cloud would reduce demand for computing capacity and potentially enable more personalized and secure experiences for users.

With the massive increases in memory prices of late thanks to shortages prompted by the hyperscalers' data center buildout, the key question many analysts will be asking is how much the Surface Laptop Ultra will cost. Consumers should expect a hefty price tag. That could dampen demand and keep Microsoft's new offering the preserve of early adopters or power users who can justify the expense.