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May 22, 2024
05/24
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i know you're going to talk about nvidia later today, i'm sure all ai runs on these gpus. so we need to move ahead as fast as possible. and also at the same time, develop -- just like cyber, for example here at the commerce department, we set forth a cyber risk management framework, which all of industry uses same with ai we need to set forth an ai safety framework so that we use it, we move faster right now, we need the world in ai but that is a good thing we talked about china in the past we talked about national security we have to run faster. right now, we need to stay in ai so it's that constant balance of going fast, out-innovating but not letting the wheels come off and protecting ourselves >> it's like you took the question out of my mouth, because we do have nvidia reporting later today. ai is in focus in terms of the export controls you have put in place around the newest, most cutting edge chip technology and countering china, do you feel what you put in place goes far enough, especially as we have seen more regulations come out where huawei is concerned. >> eve
i know you're going to talk about nvidia later today, i'm sure all ai runs on these gpus. so we need to move ahead as fast as possible. and also at the same time, develop -- just like cyber, for example here at the commerce department, we set forth a cyber risk management framework, which all of industry uses same with ai we need to set forth an ai safety framework so that we use it, we move faster right now, we need the world in ai but that is a good thing we talked about china in the past we...
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technologies and tools, can and it's driving this huge demand for g gps and everything associated with that -- gpu and everything associated with that. data centers run 24 hours a day. they don't turn down when the sun goes down, they actually continue to run are. we need to supplement renewable power with reliable base load power in a country that has been shutting down coal production, where it's so hard to permit and build nuclear, geothermal technology may hold some promise, but it's unproven certainly at that scale. you come right back to natural gas which we're blessed with an abundance of as a big part of that solution. and i think you're going to see a a.i. and the growth of day a centers drive strong demand growth for natural gas. maria: it's so backwards that on the one with hand the ageneral da out of the united states witd states is to lose less fossil fuels and electrify everything, but at the end of the day, you need that energy to electrify. [laughter] >> we with, as i said before, policies have not been coherent or consistent. and i think in the broader sense of the strength of our
technologies and tools, can and it's driving this huge demand for g gps and everything associated with that -- gpu and everything associated with that. data centers run 24 hours a day. they don't turn down when the sun goes down, they actually continue to run are. we need to supplement renewable power with reliable base load power in a country that has been shutting down coal production, where it's so hard to permit and build nuclear, geothermal technology may hold some promise, but it's...
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May 28, 2024
05/24
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BLOOMBERG
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we started in 2014 help from nvidia, donating 80 gpus to us. we used to be the earliest chinese research team that did a lot of deep learning and computer vision and we started a company in hong kong and set up offices in beijing, shanghai and et cetera. we listed our company a little more than two years ago. it has been 10 years for us. this year is our 10 year anniversary. we released our newest models to compete with the best models in the world. and, of course, we know that there will be a gpt-5 or even gpt six coming up, and we're are trying to make use of the resources that we have to catch up. so historically, during the past 10 years, we raised 6 billion u.s. dollars in total in terms of capital. we are a big investor in nvidia chips, we bought more than 40,000 nvidia chips in the past 10 years. we leverage those chips to train all kinds of models, computer vision models, large language models, diffusion models for generating images and videos. we are trying to put those models into products and release them to industries in asian marke
we started in 2014 help from nvidia, donating 80 gpus to us. we used to be the earliest chinese research team that did a lot of deep learning and computer vision and we started a company in hong kong and set up offices in beijing, shanghai and et cetera. we listed our company a little more than two years ago. it has been 10 years for us. this year is our 10 year anniversary. we released our newest models to compete with the best models in the world. and, of course, we know that there will be a...
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May 15, 2024
05/24
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that doesn't even take into account the fact that 90% of the high-end gpu's that are empowering ai systems are manufactured in a single facility. >> what should companies do about this? >> we are working with companies in two different capacities. if you're going to use ai to power critical business systems you want to make sure you have dedicated environments. and were working with companies like delta be able to build ai inbox solutions they could run and prem in their environments. second, rather than using the most cutting edge large language models for everything sometimes taking a small language model, and tuning it for a particular function works just as well as the large language model at about a 10th of the cost. >> thank you so much for sharing those strategies. >> my pleasure. >>> we got some big moves in the solar and commodity space to tell you about today. pippa stevens has the next story. >>> this is a rare bright spot in the solar industry they reported last night getting top and bottom line estimates. ceo jan sugar told jim cramer last night at their backlog has more than
that doesn't even take into account the fact that 90% of the high-end gpu's that are empowering ai systems are manufactured in a single facility. >> what should companies do about this? >> we are working with companies in two different capacities. if you're going to use ai to power critical business systems you want to make sure you have dedicated environments. and were working with companies like delta be able to build ai inbox solutions they could run and prem in their...
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May 15, 2024
05/24
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. >> i think it is important to point out that your company made a switch from cpu, to gpu. you had a do with nvidia. one of the things my daughter was showing me that is incredible, you do a collage and immediately when you go back to your page, there are the ads that you actually want, and they are much less invasive. you are actually thinking, i need it. >> that's exactly right. we lean heavily into next genai, roughly two years ago. we now have models that are 100 times larger than what we had before. what that led to was a full 10 percentage point lift in the relevancy of our recommendations for users, but it is not just the ai, it is the really unique signal we get on our platform. pinterest has always been about duration, but we have really doubled down into duration into making it more defined, more granular, so not only can you post pictures of what you're interested in, but you can grab elements out of these pictures and say, it is that pair of pants from this picture and that shirt from this other picture, and this from this other one, this pair of shoes, and you
. >> i think it is important to point out that your company made a switch from cpu, to gpu. you had a do with nvidia. one of the things my daughter was showing me that is incredible, you do a collage and immediately when you go back to your page, there are the ads that you actually want, and they are much less invasive. you are actually thinking, i need it. >> that's exactly right. we lean heavily into next genai, roughly two years ago. we now have models that are 100 times larger...
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May 13, 2024
05/24
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FOXNEWSW
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throughout and ai infrastructure bring up to 25,000 of the most advanced graphics processing units or gpus to france by the end of 2025. just some of the other stories beyond our borders tonight. we'll be right back. ♪ i see my name is shining lights ♪ a different city every night, oh i here's to getting better with age. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need... ...without the stuff you don't. so, here's to now. boost. dangerous ladders. gutter muck. yuck. no wonder you hate cleaning your gutters. good thing there's leaffilter. our patented filter technology keeps leaves and debris out of your gutters forever. guaranteed. call 833- leaffilter to get started. and get the permanent gutter solution that ends clogs for good. they took the time to answer all of our questions. they really put us at ease. end clogged gutters for good. call 833.leaf.filter, or visit leaffilter.com today. switch to shopify so you can build it better, scale it faster and sell more. much more. take your business to the next stage when you s
throughout and ai infrastructure bring up to 25,000 of the most advanced graphics processing units or gpus to france by the end of 2025. just some of the other stories beyond our borders tonight. we'll be right back. ♪ i see my name is shining lights ♪ a different city every night, oh i here's to getting better with age. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need... ...without the stuff you don't. so, here's to now....
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May 22, 2024
05/24
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going to validate where we are in the beginning of this ten-year shift and the data centers from cpu to gpu etc., and there will be a tremendous amount of compute. you can see it with the builders building the data? s, and from microsoft, amazon, apple, meta, etc. i mean all roads lead to nvidia. but we also will see a lot of other winners. i think still within the ai play, this one is just the most straightforward play, and these numbers are going to be solid. i think though what's interesting, we will look at options market because they typically get it right. what's amazing with the company, the market is looking for a plus or minus 8% move. so think about that. that's close to a $200 billion plus or minus move for a company. so i just can't overemphasize the size of that to get that kind of move with the stock this big. but that's where the markets will be participating. >> that's a great point you make. stacy, i know you didn't mean this so literally, however, you did use the words fine and blaze. and let's just say it's not necessarily going to be good enough. >> that's not what i mea
going to validate where we are in the beginning of this ten-year shift and the data centers from cpu to gpu etc., and there will be a tremendous amount of compute. you can see it with the builders building the data? s, and from microsoft, amazon, apple, meta, etc. i mean all roads lead to nvidia. but we also will see a lot of other winners. i think still within the ai play, this one is just the most straightforward play, and these numbers are going to be solid. i think though what's...
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May 20, 2024
05/24
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. >> gpu sales >> no. $17 billion of tech spend. $17 billion. that's a record. no bank has ever spent $17 billion on tech in one year. that's equal to the total expenses for the eighth largest bank that's what jpmorgan spends on tech alone. spending it on ai and digital banking and modernizing the back office trying to be the preeminent digital bank 2.0 the next version of banking where you create new product services, relationships and engagements that were previously unavailable in analog form jpmorgan is at the forefront for being that digital leader. it's just that jamie dimon hasn't internalized that to become a tech company. he considers himself a bank, and i'm wearing my tie again, back to being a bank analyst. not a tech analyst. >> your favorite name right now in the space is still citi >> my top three names are citigroup, citigroup, and citigroup. >> really? >> absolutely. >> why why not -- why isn't goldman sachs in that mix? >> citigroup has a component of the capital markets, which are doing better than expected. >> you don't think goldman sachs' ca
. >> gpu sales >> no. $17 billion of tech spend. $17 billion. that's a record. no bank has ever spent $17 billion on tech in one year. that's equal to the total expenses for the eighth largest bank that's what jpmorgan spends on tech alone. spending it on ai and digital banking and modernizing the back office trying to be the preeminent digital bank 2.0 the next version of banking where you create new product services, relationships and engagements that were previously unavailable...
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May 23, 2024
05/24
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FBC
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gpus, graphic processing units, that that power large language models shot past both profit and revenue expectationses, scorched the whisper if numbers, raised guidance and announced a 10 for 1 stock split for shareholders of record as of june 6th. that's the first stock split since july of 2020. since then look at shares, they have soared rather dramatically, by more than -- well, that's an understatement, 2,600 percent%. the blast radius was far and wide this morning. a lot is reversing as the market sells off, but let's look at the socks index. earlier it reached a record before reversing course slightly, but you can see the socks index at the moment. micron, of course, among the names reaching new all-time highs earlier before giving the gains back. same with innovate.. -- microsoft. microsoft has a huge invest vestment in openai. it has been dragged down by the rest of the market, now at $425 and change. i just said far and wide at least when it comes to nvidia and the expectations and where that sort of blast zone reached. look at vertiv, the success leon cooperman recommended dur
gpus, graphic processing units, that that power large language models shot past both profit and revenue expectationses, scorched the whisper if numbers, raised guidance and announced a 10 for 1 stock split for shareholders of record as of june 6th. that's the first stock split since july of 2020. since then look at shares, they have soared rather dramatically, by more than -- well, that's an understatement, 2,600 percent%. the blast radius was far and wide this morning. a lot is reversing as...
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May 30, 2024
05/24
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KTVU
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. >> we estimate that it took about 10,000 graphics processing units, gpus to train chatgpt. and yet academia is struggling to obtain these. and for example, a school like stanford is in the low one hundreds. >> organizers say this summit hopes to bring all stakeholders to the table. >> what are we going to do for farm workers? what are we doing for our entertainment industry? what are we doing for our food supplies, and how do we make sure that also this is this is a all boats rise together. >> the national science foundation has started a pilot project to share ai infrastructure, something which many of these universities say could go a long way to helping them catch up on ai innovation in san francisco. jana katsuyama, ktvu, fox two news. >> salesforce shares have tumbled in after hours trading after the company reduced its revenue outlook. the san francisco cloud based software company reported earnings today and missed wall street's expectations for the first time in nearly 18 years. salesforce says it expects revenue to be up in the current quarter by about $9.2 billion
. >> we estimate that it took about 10,000 graphics processing units, gpus to train chatgpt. and yet academia is struggling to obtain these. and for example, a school like stanford is in the low one hundreds. >> organizers say this summit hopes to bring all stakeholders to the table. >> what are we going to do for farm workers? what are we doing for our entertainment industry? what are we doing for our food supplies, and how do we make sure that also this is this is a all...
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May 17, 2024
05/24
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there are some reports of, you know, more supply on the secondary market of these gpus that will be able to really kind of beat and raise as they normally do in terms of underlying demand and, yes, it will matter for nvidia and for the overall s&p earnings. it's not clear to me, though, that the entire market is just an a.i. play because you have had things like banks working well, global markets are doing fine, so it seems to me you have a little more balance. >> oh, there it is. well, all right. so we're going -- you know how it works. it takes a few minutes to settle out and we'll see if we can get that first close above 40000 perhaps, jon fortten will have tell us in overtime. >> i don't know, scott. maybe the dow definitely ends with another record closer but is it over, 40k. we got to shake it and let it settle. that's the score card on wall street but winners stay late especially to see if we closed above 40k for the first time. looks like maybe we didn't. "closing bell: overtime," i'm jon fortt. the blue chip index now in a f five-week winning streak as the nasdaq is higher for f
there are some reports of, you know, more supply on the secondary market of these gpus that will be able to really kind of beat and raise as they normally do in terms of underlying demand and, yes, it will matter for nvidia and for the overall s&p earnings. it's not clear to me, though, that the entire market is just an a.i. play because you have had things like banks working well, global markets are doing fine, so it seems to me you have a little more balance. >> oh, there it is....
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May 16, 2024
05/24
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i think she's going to revise up how many of these gpu, the really good chips she's going to have and how much she's going to sell. i think you buy amd here. all right. look, this list i just put together is the perfect reason why maybe we should stop obsessing about the fed all the time, maybe we start listening to what the companies are telling us and doing because that's what's propelling these stocks higher, management. on "mad money" tonight what footwear stocks are a good fit in this tape? i'm telling you which names i think you keep running. [ rimshot ] and crowdstrike's up over 260% since last january. so i'm checking out some charts that are defending further growth for this signer powerhouse. and don't miss out on one software stock that i think is headed still higher. in the changing ad market. so stay with cramer! ♪ hallelujah ♪ >> announcer: don't miss a second of "mad money." follow @jimcramer on x. have a question? tweet cramer. #madmentions. send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to dmeymaon.cnbc.com. what
i think she's going to revise up how many of these gpu, the really good chips she's going to have and how much she's going to sell. i think you buy amd here. all right. look, this list i just put together is the perfect reason why maybe we should stop obsessing about the fed all the time, maybe we start listening to what the companies are telling us and doing because that's what's propelling these stocks higher, management. on "mad money" tonight what footwear stocks are a good fit in...
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May 29, 2024
05/24
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growth and dominating force like artificial intelligence, machine learning, autonomous vehicles, and gpu business. this rapid ascend to power and influence in these new domains could potentially some to view nvidia as a parvenu in those spaces, even as it is well established company overall. given a combative wording. i couldn't exist asking claude a follow up. is nvidia a member of the reach? it seemed longer than usual. then some may argue immense wealth that feels like a.i. and data centers represent a new money rise to power. and the specific domains. but overall nvidia's longevity, industry context will make it difficult to accurately classify the company itself as nouveau riche. there, two artificial intelligence serves as a categorical denial of the characterization. let it be fair, both platforms are built on nvidia's chips. yet in one form or another, i keep hearing people just don't believe nvidia belongs in the mix. too fast, too soon. it is somehow undeserving or baffling or plain crazy like these guys somehow don't earn the $2.8 trillion evaluation. they stole it. i get it.
growth and dominating force like artificial intelligence, machine learning, autonomous vehicles, and gpu business. this rapid ascend to power and influence in these new domains could potentially some to view nvidia as a parvenu in those spaces, even as it is well established company overall. given a combative wording. i couldn't exist asking claude a follow up. is nvidia a member of the reach? it seemed longer than usual. then some may argue immense wealth that feels like a.i. and data centers...
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May 30, 2024
05/24
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KTVU
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. >> we estimate that it took about 10,000 graphics processing units, gpus to train chatgpt. and yet academia is struggling to obtain these. and for example, an elite school like stanford is in the low one hundreds. >> organizers say this summit hopes to bring all stakeholders to the table. >> what are we going to do for farm workers? what are we doing for our entertainment industry? what are we doing for our food supplies, and how do we make sure that also, this is this is a all boats rise together for the national science foundation has started a pilot project to share ai infrastructure, something which many of these universities say could go a long way to helping them catch up on ai innovation in san francisco, jana katsuyama, ktvu, fox two news. >> salesforce shares tumbled in after hours trading after the company reduced its revenue outlook. the san francisco company reported earnings today and missed wall street's expectations. for the first time in nearly 18 years. salesforce says it expects revenue to be up in the current quarter by about $9.2 billion, which is about
. >> we estimate that it took about 10,000 graphics processing units, gpus to train chatgpt. and yet academia is struggling to obtain these. and for example, an elite school like stanford is in the low one hundreds. >> organizers say this summit hopes to bring all stakeholders to the table. >> what are we going to do for farm workers? what are we doing for our entertainment industry? what are we doing for our food supplies, and how do we make sure that also, this is this is a...
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May 14, 2024
05/24
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KTVU
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. >> we're going to bring to france 25,000 of the world's most advanced gpus. we will build out the computing capacity here in france. we will put this infrastructure to work for everyone in france. >> microsoft will launch an ai skilling initiative that aims to train 1 million french people by the end of 2027. >> melinda french gates, the ex-wife of microsoft co-founder bill gates, is stepping down from the bill and melinda gates foundation after nearly 24 years. she says her last day as co-chair of the foundation will be june 7th. french gates says this was not an easy decision, and she will continue her philanthropic efforts for women and girls. actor steve buscemi is said to be doing okay tonight, after he was apparently attacked at random in new york city. police say the 66 year old buscemi was punched in the face by a man who then ran away. he suffered swelling to his face and left eye and was treated at the hospital, his publicist say he is recovering. there have been other reports of people being randomly punched in the face while walking in new york ci
. >> we're going to bring to france 25,000 of the world's most advanced gpus. we will build out the computing capacity here in france. we will put this infrastructure to work for everyone in france. >> microsoft will launch an ai skilling initiative that aims to train 1 million french people by the end of 2027. >> melinda french gates, the ex-wife of microsoft co-founder bill gates, is stepping down from the bill and melinda gates foundation after nearly 24 years. she says her...
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May 22, 2024
05/24
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KRON
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have a cpu the gpu and then we call euro processing unit in running at over 40 trillion operations per second. other pc makers will have computers with a new designation. microsoft showed several new ai features, including recall, which remembers everything you do on your computer. so you can use even the most obscure keywords to find any file image or website. you visit it. we can run ai locally on the device. that means that is yours. this information is got built-in privacy controls, so you can always pause your content. you can delete your snapshots. live captions translate audio. even video chat in real time. >> see mostly switching between 40 languages. co-creator combines your sketches with ai one of the things that microsoft was very clear about here is that this is going to help you do your job. it's going make you more productive. it's going to let you have a little bit more and it's going to do so it. slowing down your computer killing your battery life. >> microsoft's new surface computers start at $999 that are available for preorder. now they ship on june 18th. microsoft
have a cpu the gpu and then we call euro processing unit in running at over 40 trillion operations per second. other pc makers will have computers with a new designation. microsoft showed several new ai features, including recall, which remembers everything you do on your computer. so you can use even the most obscure keywords to find any file image or website. you visit it. we can run ai locally on the device. that means that is yours. this information is got built-in privacy controls, so you...
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May 22, 2024
05/24
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KRON
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have a cpu the gpu and then we call euro processing unit in running at over 40 trillion operations per second. other pc makers will have computers with a new designation. microsoft showed several new ai features, including recall, which remembers everything you do on your computer. so you can use even the most obscure keywords to find any file image or website. you visit it. we can run ai locally on the device. that means that is yours. this information is got built-in privacy controls, so you can always pause your content. you can delete your snapshots. live captions translate audio. even video chat in real time. >> see mostly switching between 40 languages. co-creator combines your sketches with ai one of the things that microsoft was very clear about here is that this is going to help you do your job. it's going make you more productive. it's going to let you have a little bit more and it's going to do so it. slowing down your computer killing your battery life. >> microsoft's new surface computers start at $999 that are available for preorder. now they ship on june 18th. microsoft
have a cpu the gpu and then we call euro processing unit in running at over 40 trillion operations per second. other pc makers will have computers with a new designation. microsoft showed several new ai features, including recall, which remembers everything you do on your computer. so you can use even the most obscure keywords to find any file image or website. you visit it. we can run ai locally on the device. that means that is yours. this information is got built-in privacy controls, so you...
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0.0
May 7, 2024
05/24
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CNBC
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infrastructure which means they're going to have to buy gpus but you look at the share price today, what, down -- and these are just the latest price targets. everybody is lifting their estimates. goldman sachs $1,100 the issue today is this concern around apple's project ac/dc, their own custom silicon chip which is a server, so it's a cpu, central processing unit it doesn't directly compete with nvidia yes, they do both work on inferencing, the second participate of training, but long term this could be a problem. short term maybe this reaction is a little bit overdone right now because nvidia has a strong hold over the market, and apple said they've been working on it for years, and this could take longer, too. >> that's good perspective we appreciate that thank you, kristina partsinevelos. jensen huang will be on "overtime" tomorrow, the nvidia ceo. stan druckenmiller today said he trimmed his stake in march said a.i. may be overhyped in the short term eric schmidt was also on "squawk box" and called a.i. underhyped. let's settle it and bring in brad gerstner, exclusively from altime
infrastructure which means they're going to have to buy gpus but you look at the share price today, what, down -- and these are just the latest price targets. everybody is lifting their estimates. goldman sachs $1,100 the issue today is this concern around apple's project ac/dc, their own custom silicon chip which is a server, so it's a cpu, central processing unit it doesn't directly compete with nvidia yes, they do both work on inferencing, the second participate of training, but long term...
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May 13, 2024
05/24
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CNBC
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you see the secondary market in some of these gpus, be very interesting to see what the sentiment is there nvidia is a stock that, point to point, has done nothing for two and a half months. we'll see if that's been coiling up or telling us something else. >> that's mike santoli we'll see you tomorrow, all of you. that does it for us. into o.t jon fortt. >>> stocks trading in a pretty tight range ahead of a number of key inflation reads and earnings reports on the horizon that is the scorecard on wall street, but winners stay late. welcome to "closing bell: overtime." i'm jon fortt. morgan is off today. we are getting you set for a major week of a.i. headlines, including openai's spring update, google i/o's conference and more, tiro price's tech portfolio manager jones us with the mega cap companies he says are best positioned to cash in >>> and the consumer takes center stage as big box retailers home depot and walmart get ready to report results.
you see the secondary market in some of these gpus, be very interesting to see what the sentiment is there nvidia is a stock that, point to point, has done nothing for two and a half months. we'll see if that's been coiling up or telling us something else. >> that's mike santoli we'll see you tomorrow, all of you. that does it for us. into o.t jon fortt. >>> stocks trading in a pretty tight range ahead of a number of key inflation reads and earnings reports on the horizon that is...
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May 24, 2024
05/24
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CNBC
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and how they integrate into their businesses and services but not buying high-end gpus to me that's why google has had the run it has had and amazon is a dark horse trade as it relates to, you know, the generative a.i. thing notice it's 4% off its all-time highs or something like that. it hasn't participated microsoft right now we don't really know what's going on with copilot, but we know what's going on in the cloud business to me those are probably the safest bets right now until we start to see companies that come to market, maybe via ipo much earlier stages you guys, you go back, nvidia was a small company for years and years and years, and then they got a few things right, when somebody said we can put -- >> gaming -- >> gpo on the cpu and do other things we'll get some of those in the next few years. >> goldman sachs and american express hitting records of their own recently let's turn to the chart master for the technicals on the financials carter, what do you see? >> i would say the word stretch comes to mind. let's see if we can look at charts and try to figure it out together
and how they integrate into their businesses and services but not buying high-end gpus to me that's why google has had the run it has had and amazon is a dark horse trade as it relates to, you know, the generative a.i. thing notice it's 4% off its all-time highs or something like that. it hasn't participated microsoft right now we don't really know what's going on with copilot, but we know what's going on in the cloud business to me those are probably the safest bets right now until we start to...
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May 6, 2024
05/24
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the ones spending on these high end gpus, right, for their generative a.i. models. and when you think about how they monetize that, we heard it from amazon, google, microsoft, meta is obviously more consumer-focused there, but it is going to be from enterprise spending, right? so, to your original question, nvidia does not guide up in a meaningful manner, given what expectations are for this year, 80% revenue growth on 80% earnings growth, and it's not something that folks can kind of see, kind of continuing to accelerate, then i just don't think those stocks are going to be the leadership going forward. and to your point about consumers, you look at the consumer companies, we're going to get a lot of data from retail companies that are set to report starting next week into the next couple weeks. if the consumer is not hold ing up, i think you have a problem for the market, not too different from the highs in july from 2023 to the lows in october, because then you do have a valuation problem relative to the spending, because if the spending is going to increase and
the ones spending on these high end gpus, right, for their generative a.i. models. and when you think about how they monetize that, we heard it from amazon, google, microsoft, meta is obviously more consumer-focused there, but it is going to be from enterprise spending, right? so, to your original question, nvidia does not guide up in a meaningful manner, given what expectations are for this year, 80% revenue growth on 80% earnings growth, and it's not something that folks can kind of see, kind...
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May 8, 2024
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don't see that at all we've definitely seen lead times pull back in the sense that you can now find gpus. but in no way does that mean we're in excess supply and i think that whether it's hyperscalers, enterprise and sovereigns i think that they're going to drive excellent demand for ai well into 25 and 26 >> you're not ruling out a pullback but you're basically saying people should jump in with both hands. let's talk brass tacks if we could and talk about the p/e multiple, the earnings potential that you see over the remainder of this year, maybe into next year >> sure. i think that for next year the street's at $30. we've been talking about $35 plus i think the buy side is underwriting a 35 to 40 number and if that's the case then i think we easily get to our price target and i think that will be the case >> what about people who look back and i'm going to take this outside the realm of people in the semiconductor space. but traders and investors more broadly. they say we saw tesla when it was a trillion dollars, wasn't a great time to buy it then. >> sure. i think there is a realistic
don't see that at all we've definitely seen lead times pull back in the sense that you can now find gpus. but in no way does that mean we're in excess supply and i think that whether it's hyperscalers, enterprise and sovereigns i think that they're going to drive excellent demand for ai well into 25 and 26 >> you're not ruling out a pullback but you're basically saying people should jump in with both hands. let's talk brass tacks if we could and talk about the p/e multiple, the earnings...
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May 30, 2024
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. >> we estimate that it took about 10,000 graphics processing units, gpus to train chatgpt. and yet academia is struggling to obtain these. and for example, an elite school like stanford is in the low one hundreds. >> organizers say this summit hopes to bring all stakeholders to the table. what are we going to do for farm workers? >> what are we doing for our for our entertainment industry? what are we doing for our food supplies, and how do we make sure that also this is this is a all boats rise together for the national science foundation has started a pilot project to share ai infrastructure, something which many of these universities say could go a long way to helping them catch up on ai innovation in san francisco. >> jana katsuyama ktvu, fox two news. >> akiko miti of california lawmakers approved a measure to ban forced outing policies at schools. >> this was the first formal debate on the legislation. the bill would ban school district policies that require teachers and staff to report students who identify as transgender to their parents. and yesterday, some parents
. >> we estimate that it took about 10,000 graphics processing units, gpus to train chatgpt. and yet academia is struggling to obtain these. and for example, an elite school like stanford is in the low one hundreds. >> organizers say this summit hopes to bring all stakeholders to the table. what are we going to do for farm workers? >> what are we doing for our for our entertainment industry? what are we doing for our food supplies, and how do we make sure that also this is...
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May 31, 2024
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any time soon as it relates to nvidia and the infrastructure and what they provide in terms of their gpus but yes, when you have a stock that's got a $2.8 trillion market cap rolls over, there clearly will be an impact on the market i just don't see that in the near term. but i do think as steph alluded to earlier, i think as we kind of we're in this interesting space where i think the price action will be -- we'll see a lot of back and forth. i think the market is looking for a new catalyst, and we'll have to wait a few weeks until earnings start all over again. >> steph, how about that question you suggest that the market's broadening out when, in fact, it really isn't not now. it was so it's -- if nvidia has a moment here where it gives something significant back again, what's going to pick up the slack? >> well, i mean, as i mentioned, the earnings have been pretty good in the other sectors. and so i think you can look and point toward some of the industrial companies in the themes that i like as i mentioned aviation and grid and power. if those stocks come down, i'm a buyer all day l
any time soon as it relates to nvidia and the infrastructure and what they provide in terms of their gpus but yes, when you have a stock that's got a $2.8 trillion market cap rolls over, there clearly will be an impact on the market i just don't see that in the near term. but i do think as steph alluded to earlier, i think as we kind of we're in this interesting space where i think the price action will be -- we'll see a lot of back and forth. i think the market is looking for a new catalyst,...
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May 30, 2024
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. >> we estimate that it took about 10,000 graphics processing units, gpus to train chatgpt. and yet academia is struggling to obtain these. and for example, a school like stanford is in the low one hundreds. >> organizers say this summit hopes to bring all stakeholders to the table. >> what are we going to do for farm workers? what are we doing for our entertainment industry? what are we doing for our food supplies, and how do we make sure that also this is this is a all boats rise together. >> governor newsom said there are some 20 different bills being proposed around ai technology. so this is an ongoing conversation that they're having, and they hope summits like this will help them as they try and chart a path forward. julie. >> all right. jana katsuyama reporting live for us tonight in the city. jana. thank you. >> mount lions in two milpitas neighborhoods just this morning. and at least one was caught on camera. ktvu tom vacar as the story at 2 a.m. wednesday, this mountain lion was caught on a security camera in milpitas friendly village mobile home park. >> it popped
. >> we estimate that it took about 10,000 graphics processing units, gpus to train chatgpt. and yet academia is struggling to obtain these. and for example, a school like stanford is in the low one hundreds. >> organizers say this summit hopes to bring all stakeholders to the table. >> what are we going to do for farm workers? what are we doing for our entertainment industry? what are we doing for our food supplies, and how do we make sure that also this is this is a all...
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May 31, 2024
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existing infrastructure it means the processors purpose built for crypto mining and replacing them with gpus digital asset fund manager coin shares said in a report even though a.i. operations demand up to 20 times the capital expenditure compared to bitcoin mining, they're more capital efficient and profitable the companies like hive and hut 8 are seeing a positive impact on their revenue structures, currently bit digital derives 27% of revenue from a.i. hut 8 at 6%. >> there is certainly a lot of talk about the power demand that, number one, a.i. does, but number two, that bitcoin mining brings are the two sort of compounding that problem when they get together, a.i. and bitcoin, you have a multiplier effect on the power grid demand and the problems that it could cause. >> that's a great question energy demand is still something that these miners are perfecting a lot of them are looking at using clean energy simply because it is the cheapest in many markets and industry report estimates that the bitcoin network is 55% powered by sustainable electricity. miners also say another benefit of t
existing infrastructure it means the processors purpose built for crypto mining and replacing them with gpus digital asset fund manager coin shares said in a report even though a.i. operations demand up to 20 times the capital expenditure compared to bitcoin mining, they're more capital efficient and profitable the companies like hive and hut 8 are seeing a positive impact on their revenue structures, currently bit digital derives 27% of revenue from a.i. hut 8 at 6%. >> there is...
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May 23, 2024
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useful deployment, you need to have at least a 1 billion or 2 billion of capex you need 10 to 20,000 gpus to bring about anything useful. they are able to upsell to boards, systems and software that's why you see revenues get so big we still think they can sustain this for the next several years. >> vivek, you laid it out nicely you have a price target now at $1,320 per share for nvidia. appreciate the time this morning. thank you. >> thank you very much >>> it is just after 7:00 a.m. on the east coast. 1:00 p.m. here in paris. and you're watching "squawk box" right here on cnbc i'm andrew ross sorkin with becky quick and mike santoli this morning joe is off we got a lot going on. among today's top stories, boeing confirming to cnbc that certain jet deliveries to china have been delayed in recent weeks. at issue is boeing -- beijing's regulatory review of batteries that power cockpit voice rec recorders. boeing saying it is working with its chinese customers on the updated timing of their deliveries ending regulatory approval, adding the faa has already green lit the system meantime, the
useful deployment, you need to have at least a 1 billion or 2 billion of capex you need 10 to 20,000 gpus to bring about anything useful. they are able to upsell to boards, systems and software that's why you see revenues get so big we still think they can sustain this for the next several years. >> vivek, you laid it out nicely you have a price target now at $1,320 per share for nvidia. appreciate the time this morning. thank you. >> thank you very much >>> it is just...
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May 3, 2024
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this is something that google has been doing for seven years with their gpu's and aws has been doing for years. amazon will have their chip available in the second half of this year, which will probably drive more consumption of amazon web services platform. there is more investment to come. when you look at google, it is trading at a discount to meta. one of the reasons that these stocks traded on discounts is because they have been perceived to be one trick ponies, just advertising. we are seeing with google 25% of sales from prescriptions from consumption, 120 5 million subscribers for you to premium services,, 8 million subscribers for youtube tv, and google cloud business which is gaining recognition with enterprises is still trading on a discount. we think that as they continue to diversify the revenue streams they will see the valuation with meta flip. we think meta could go up to 5% with google falling to 4% free cash shield. jonathan: looking ahead to this number trying to get a read on the u.s. consumer, most of the major companies in your coverage have reported earnings. i
this is something that google has been doing for seven years with their gpu's and aws has been doing for years. amazon will have their chip available in the second half of this year, which will probably drive more consumption of amazon web services platform. there is more investment to come. when you look at google, it is trading at a discount to meta. one of the reasons that these stocks traded on discounts is because they have been perceived to be one trick ponies, just advertising. we are...
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May 20, 2024
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get with him because it's the industrial revolution nothing that you have will be the same after the gpus become more broad they're not broad right now. >> right the "times" has a piece on paramount with sony apollo signing some ndas. >> right >> they do backup favors last week cooling on the idea of all cash >> yeah, david has been wright on that, i talk to david, and paramount, kenny paramount, every single week, but he's correct. that's even more fraught than my position on disney for my travel trust. thank heavens we sold a lot. >> did you really? >> oh, my god. and it was just discipline when peltz left. i know that peltz's name, there are people who say peltz would not be good. the stock did go higher. i'm interested in the stock i'm not interested in whether goofy and pluto are unionized but goofy and pluto, yes, mercedes no >> that's right. >> i don't know. the seven, how did the seven go? >> i'm looking at dow component year to date, jim and where disney ranks >> oh, geez. >> yeah, we talked the the other day about its lack of contribution to dell, 40k in the last weeks >> well,
get with him because it's the industrial revolution nothing that you have will be the same after the gpus become more broad they're not broad right now. >> right the "times" has a piece on paramount with sony apollo signing some ndas. >> right >> they do backup favors last week cooling on the idea of all cash >> yeah, david has been wright on that, i talk to david, and paramount, kenny paramount, every single week, but he's correct. that's even more fraught...
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May 29, 2024
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you talk to providers like llama, what they're saying is effectively for every dollar you spend on a gpu, your return can be from $4 to $7. that's something jensen and his team said on the earnings call. we're seeing paybacks of 12 to 18 months for a genai data center. the payback is there. the roi, i believe the roi is expressed in a different way than the market expects. the market is often focused on the productivity increases or the cost savings, and i think there's a really different way to look at it. look at pinterest, right. so pinterest started deploying ai into their ad models and were able to inflect their revenue growths and their naus from single digit to 12%. the stock went from 30 to 40 on that report. the roi on that is almost infinite because they didn't spend that much in order to get those kinds of results. >> right. in a world where the hyperscalers control the compute, what about the software side? and who -- you know, when chatgpt can code everything, i don't know, i'm trying to understand what your view is of software and how that's going to -- going to play out ov
you talk to providers like llama, what they're saying is effectively for every dollar you spend on a gpu, your return can be from $4 to $7. that's something jensen and his team said on the earnings call. we're seeing paybacks of 12 to 18 months for a genai data center. the payback is there. the roi, i believe the roi is expressed in a different way than the market expects. the market is often focused on the productivity increases or the cost savings, and i think there's a really different way...
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May 3, 2024
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. >> remember, zuckerberg brought 300,000 of the gpus from nvidia, and you see what it's for. and yet, when i talk about it, no one else is on it other than me, and i was a claude iii guy. i happen to like claude iii very much, which is anthropic. >> amazon's the being investor there. >> i'm now using the meta product more than anybody else's. i like these because i don't want to go to an interview and think there's something i'm missing, so you're interviewing brinker, put in, is there anything new with brinker? >> i think it was bancel from moderna where 60% of workers there are using chatgpt or some variation of a.i. >> i don't know how you don't use it. i don't know how you feel prepared enough to look at a company without going -- without putting it through the box. i just don't. when you want to have a comparison of a company or companies, it has every great trade publication comes down immediately and say, okay, i'll read what this trade -- which i never even knew. i'll read the side-by-side, and it helps you make a conclusion. that's what people do. it helps you make a
. >> remember, zuckerberg brought 300,000 of the gpus from nvidia, and you see what it's for. and yet, when i talk about it, no one else is on it other than me, and i was a claude iii guy. i happen to like claude iii very much, which is anthropic. >> amazon's the being investor there. >> i'm now using the meta product more than anybody else's. i like these because i don't want to go to an interview and think there's something i'm missing, so you're interviewing brinker, put...
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May 16, 2024
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where we tag every company that mentions anything related to ai in their earnings call transcripts, gpu, large language models, and their margins over time versus other growth companies that aren't mentioning those, they aren't asking the management teams about them, and their margins are already starting to pick up a little bit. the revenue beneficiaries are on the path. your point is a tough one on when do the cost beneficiaries. you see it in medical distribution. cor talked about it. companies like mckesson and cardinal are going to benefit. it's more on the health care may be one three three years, financials five through ten, a long wave towards productivity enhancement from ai. >> what do you make of the consumer right now? i ask this because there was a note this morning by goldman which talked about how the financials reported -- looks like there's breaking news. so we will pause. >> i think -- >> we touched it. >> dow 40k. >> almost four years after dow 30k. to adam's point, may not mean much from an empirical stand point, but you will acknowledge there is sentiment tick in th
where we tag every company that mentions anything related to ai in their earnings call transcripts, gpu, large language models, and their margins over time versus other growth companies that aren't mentioning those, they aren't asking the management teams about them, and their margins are already starting to pick up a little bit. the revenue beneficiaries are on the path. your point is a tough one on when do the cost beneficiaries. you see it in medical distribution. cor talked about it....
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May 22, 2024
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you're going to see more commentary on gpu's and ai beyond hyper scale. how the cloud is evolving. lisa: you probably hear a lot of people are trying to become experts on nvidia. they understand very little of what goes into building out the system. there is a theory that nvidia's gain will diminish as you get to adoption moving the hard -- moving the software away from the hardware. >> i think they are very connected. for the software to work, you need robust hardware. they build a softer platform on top and then build the hardware. almost no other offering and combine that. it is a close second, but they have done very well on the hardware site. i think there is a lot more to go. but we have talked about is one trillion that will probably go towards replacement. plus, the capacity coming on. that is over the next couple of years. definitely a strong roadmap. lisa: do you expect any commentary around the heightened rhetoric around ships, the sector, questions about taiwan and its resilience? and how are they planning to diversify, just in case? >> this is a very touchy topic. it i
you're going to see more commentary on gpu's and ai beyond hyper scale. how the cloud is evolving. lisa: you probably hear a lot of people are trying to become experts on nvidia. they understand very little of what goes into building out the system. there is a theory that nvidia's gain will diminish as you get to adoption moving the hard -- moving the software away from the hardware. >> i think they are very connected. for the software to work, you need robust hardware. they build a...
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May 2, 2024
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cpu busy, gpu busy, a job to do adding a new engine. the a.i. engine. battery life has to still last all day. you won't compromise 9 magic qualcomm is doing with our a.i. accelerator for phones. >> the potential setup, guys 3g, remember that happened people streamed video to phone suddenly need add stronger wireless connection. had to upgrade your plan, got all you needed to stream video and whatnot. things like that if a.i. is like that it potentially drives an upcycle benefits likes of qualcomm we're just starting to see the apps that would drive that effect talking about language translation, automatic captioning through generative a.i. being one of those things they're seeing in china. >> talking about the meta glasses. that does that right? >> qualcomm, in those as well. very happy about that. if that thing catches on both in the glasses and elsewhere, you know, battery life there especially the glasses not carrying around a big battery pack on the side of your head, i hope. >> you hope. jon, appreciate it. la> coming up, jobless cims and productiv
cpu busy, gpu busy, a job to do adding a new engine. the a.i. engine. battery life has to still last all day. you won't compromise 9 magic qualcomm is doing with our a.i. accelerator for phones. >> the potential setup, guys 3g, remember that happened people streamed video to phone suddenly need add stronger wireless connection. had to upgrade your plan, got all you needed to stream video and whatnot. things like that if a.i. is like that it potentially drives an upcycle benefits likes of...
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May 20, 2024
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workloads just on the actual device using a gpu, graphic processes unit and cpu and npu specifically for a.i. work. a lot of companies say it's better for security and power. the product offerings are growing across the board. intel aims to sell 100 million by 2025. qualcomm making news today with microsoft. has its a.i. pc chip on sale second half of the year. similar for amd and then apple. they expect -- expect more details from apple in the june developers' conference but their chip coming in to the laptop, and companies trying to convince investors a major revenue driver. wall street, well, a little skeptical. first, there is no killer app aside from may microsoft's copilot driving people. and price tag. delaying adoption, really expensive. last thing wells fargo says, confused what actually is processed on the actual a.i. pc versus in the cloud. companies are convinced this is the moment. i say this, amd, intel, qualcomm, arm, talked to all's them. the next week corporate computer buy. >> the wrong person to ask these questions, but how would i notice how much better, like, my
workloads just on the actual device using a gpu, graphic processes unit and cpu and npu specifically for a.i. work. a lot of companies say it's better for security and power. the product offerings are growing across the board. intel aims to sell 100 million by 2025. qualcomm making news today with microsoft. has its a.i. pc chip on sale second half of the year. similar for amd and then apple. they expect -- expect more details from apple in the june developers' conference but their chip coming...
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May 9, 2024
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nvidia pretty much has the entire gpu space to themselves in the sense that everyone needs whatever they can make. even if they are making a low-end chip the market is taking it. especially the chinese oem companies trying to catch up, they don't mind taking the low-end chip because what is the alternative? in that case, it hasn't affected nvidia in a big way. barring an outright ban where you cannot sell to the china market at all, that is when it will hit nvidia. this news may be good for apple, too. if huawei cannot make a good smartphone, and that is who they were targeting the premium end of the market, it benefits apple to an extent because suddenly the iphone is a viable alternative, as is android oem makers. i think that this is targeted to driving -- helping to an extent of the u.s. phone makers as well as the alternative to huawei in china. dani: how long until the conversation turns from not what is the impact on u.s. restrictions on china but the ev conversation of the homegrown chinese players posing a real threat? how far are we from that? mandeep: when you look at all of t
nvidia pretty much has the entire gpu space to themselves in the sense that everyone needs whatever they can make. even if they are making a low-end chip the market is taking it. especially the chinese oem companies trying to catch up, they don't mind taking the low-end chip because what is the alternative? in that case, it hasn't affected nvidia in a big way. barring an outright ban where you cannot sell to the china market at all, that is when it will hit nvidia. this news may be good for...