chip. 15 us a bit more about that -- blackwell chip.— blackwell chip. 15 to one supply. _ blackwelllackwell chip. 15 to one supply, there are - blackwell chip. 15 to one supply, there are supply blackwell chip. 15 to one - supply, there are supply issues but in terms of overheating, not happening, poured cold water on that last night. this is something that is going to be 2 million per quarter, now it could be eight to ten million. that is why in this ai revolution party it is still 9:30pm, 10pm revolution party it is still 9:30pm,10pm and it goes to 4am and in this jacket isjensen nvidia, the godfather. and in this jacket is jensen nvidia, the godfather. dan, i want to switch _ nvidia, the godfather. dan, i want to switch over - nvidia, the godfather. dan, i want to switch over to - nvidia, the godfather. dan, i| want to switch over to google because we have the department ofjustice asking the court to force google to spin off chrome. how likely is that to actually happen?— actually happen? there is a better chance _ actually happen? there is a better chance of _ actually happen? t

one of the interesting things about blackwell, on one | things about blackwell, on one hand you can say the next generation chip and technically it is but what is interesting about what is happening with it in the world of generative ai is that many of the earlier chips that were being used for generative ai chips that were being used for generative al was designed well before most people knew what generative ai before most people knew what generative al was. blackwell is arguably the first generation of chip that was designed in this gen ai era so they knew what they were doing. and there are a number of elements there that in some cases you want forex or five x improvements that in some cases you want forex orfive x improvements in performance versus previous generations. so they have done a number of things internally within the chip that allow them to access a bigger large language models and are twice as many calculations. and that is all by refinements within the architecture.— is all by refinements within the architecture. who are their bi est the architecture. who are their bigg

this is blackwell.applause] caroline: named after the mathematician and game theorist david blackwell. this new platform has multiple times superior at ai models and inference then it's pre-to sesser. he's lining them up -- predecessor. he's lining them up next to the other. antoine chkaiban covers nvidia and ai. it's clear when you look at the market cap position, didn't live up to the third-most valuable company in the world? antoine: yes. thanks caroline. our main takeaways from the keynotes yesterday is at the competitiveness of nvidia's products is getting stronger. blackwell offers up to four times higher performance and 30 times entrance performance than its predecessor hopper. the next time you hear someone announce a chip that is 10 times faster than in nvidia, a year later nvidia will also have a chip 10 times faster. alternatives to nvidia can have an advantage that last at best one generation and a year later the advantage goes away. last but not least, this advantage often comes at a cost.

that's the launch of blackwell.r the company says about that blackwell being a next generation chip. what do you expect here? what would be good news? what would be less good news? >> nvidia doesn't give granular detail on the earnings report. what they said in the past, blackwell starts the ship in the second half of this year. the most important flavor of blackwell, if you will, is the gb 200, which is the most powerful version that's going to go to hyperscalers in the beginning of next year. there's been all sorts of discussion in the supply chain of that being potentially delayed, but our view on that is these are very complex product ramps. they are coming out with new products every year. we have kind of talked about that a little bit of the sausage making of semiconductors, where not everything goes flawlessly. nvidia guided for that product to be out in the first quarter of the year. and we still think it's on track for that. we expect nvidia to basically reiterate what they said before with respect to that.

that's the reason we are ramping blackwell so hard.bout scaling laws, scaling law says the larger the model the more data you treat it within the more computing you need, the more effective the ai becomes so that is where we are with respect to the demand out there. we are running as fast as we can. liz: you are standing pretty tall and holding ground, the outlook is impressive too. customer bases in india and the you have to hold back on china depending what regulations are in the united states. the middle east had some real ambitions here. >> in just about every single country they realize their nation's data, their language, the digital language and codes there nation, and they now realize they have to take the digital data, 2 nations intelligence. they have to do it themselves. they have enjoyed, largely in the united states. whether in the west or the east, every country jumping onto the ai revolution. liz: what do you say to people who are concerned about this? they believe ai will turn us into digital slaves and the machines wil

nvidia makes powerful chips that are used to develop ai technology and the blackwell is expected to allowore advanced ai models to be built. it is also expected to be a boon for the company which has ridden ai enthusiasm to the top of the market. at the developers conference in california on monday the ceo of the company called generative ai the defining technology of our time. some of the biggest names in tech are expected to use blackwell gpus and we expect to see the technology in action later this year. bob o'donnell from technalysis research was at the event in sanjose, california. with all the anticipation built up for nvidia's latest product, he says it wasn't your typical technology conference. the atmosphere was like a rock concert. i have not seen something like this in the tech industry in quite some time. some people were making analogies to the early days of steve jobs but the buzz was in the air and the feel of the event was very much like a concert. and jensen was a rock star. he has presented many times in the past but this was clearly his moment and he was soaking it up b

— got the market a bit excited, blackwell is _ got the market a bit excited, blackwell is expected -ckwell is expected to - blackwell is expected to deliver a $2.5 billion in revenue in the fourth quarter and for that tojump and for that to jump significantly and for that tojump significantly next year to around $55 billion so the market is reallyjust trying to get its head around the magnitude of how big that demand really is in terms of revenues. thanks to melissa 0tto of s&p global visible alpha. let's move to europe now because there's cheaper borrowing for the 350 million people that use the euro currency. in the last hour or so, the european central bank — which sets policy for the 20 nations in the eurozone — has cut its main interest rate by a quarter of a percentage point. it now stands at 3.5%. like other central banks, the ecb cranked up rates to try and tame soaring prices but with inflation now back close to the bank's 2% target, today's cut was widely expected. but how much further will european rates come down? ecb chief christine lagarde has not been giving many clues

i think blackwell is ready to go. i think blackwell is fixed.ag line, you have to own nvidia into the blackwell ramp. that's going to be the rosiest period of owning blackwell is when blackwell is ramping. i maintain that we've had this overheating issue, particularly with blackwell. i think it's been addressed. i think we're expecting like tiny, tiny bit of volume to come through in the october- quarter, and a substantial volume to come through in the january-quarter. that's the way we see it with nvidia. >> harsh, we are going to get earnings fairly soon. so what are you looking for, and perhaps even more importantly when we listen to the commentary around the earnings, what igoto be some of the key milestones that you're going to watch? >> yes. so historically, we go back last one and a half years, nvidia's been on this cadence of about $2 billion beat and $2 billion rise. literally, the quarters are rising about $4 billion a piece. for the october-quarter, we're expecting slightly than the $2 billion cadence. we're expecting about a $1.3 bil

the blackwell chip and slowing a.i.ly keeping a floor under the stock this morning. >> hopper command is strong and the anticipation for blackwell is incredible. >> chip and tech

to go to blackwell.oduct is pretty darn good. if you're not first in line with the blackwell it seems like they can't have action first. that's a very good point that you made if you look at the results for the first quarter, they grew in about high single digits, but the non-cloud portion was much stronger that tells us that the a.i. ad adapgs and the so-called sovereign cloud, i think of many nations are investing in a.i., so there's still a lot of pent-up demand obviously there is some concern going into the print, but the management is not seeing it, from what we heard the blackwell seems to be ramping sooner than we expected. if the demand for hopper is strong and blackwell is very strong, and the management also said, you know, there will be supply constraints on blackwell for the next few quarters, so right now it's looking very good. >> thank you we will leave it there and the market is still tanks. thank you for joining us >>> in their announcement of a stock split has people speculating nvidia

it's going to work with blackwell. i'd just say this about blackwell. they're talking about q-4, you know, shipments, maybe a few billion dollars, it's kind of a rounding error, at $120 billion in expected revenue this year. so, we want to see if this gets pushed out a little bit. i'll just say this about the comps, very difficult, as we suggested, we'll talk about the sequential increases that they're seeing in revenue growth, like these guys said, it's getting smaller, but one thing that's really important, last year, in the q-2, they had 100% revenue growth year over year and it kept getting higher, up 200%, 265%. so, what's happening here is the opposite. q-1 this year was up 262. this quarter is up 122. and it's supposed to be 77 and 56. so, the comps are really important here. i don't think valuation is that important if you're looking at the out-year right now, so, a lot of folks who are bullish on this stock think they're going to continue to outperform. so, the thing i would just mention is that it just didn't hit the whisper numbers. on this q

well, a blackwell reunion. we didn't know all the any people there. >> right. >> but we met family. >> i'm longing to find out more about the blackwell side, because unfortunately, we didn't know much about our side of the family growing up. >> that journey begins here in montgomery, alabama with bryan stevenson. he's the executive director of the equal justice initiative and its new massive national monument to freedom. >> it's created by reviewing the 1870 census and the 1870 census in the united states, was the first time that formerly enslaved people had an opportunity to claim a surname, that the government would recognize more than 122,000 surnames on this wall, front and back, about four stories tall and about half the length of a football field. >> yes, we want to tell the story about the horrors and the degradation and the violence of slavery, but we also want to tell the other story about the resilience of enslaved people, about the courage, the strength to perseverance. >> there you are. just jumped

we want to get -- of blackwell. where we go on the fourth quarter coming after the battle today. -- after the bell today. we want to welcome our worldwide tv and radio audiences. you know qualcomm as the biggest miller of smartphones but the company is pushing into new markets and generating up to $22 billion of additional revenue by 2029. $14 billion will come from the internet of things. qualcomm ceo was detailing that very vision yesterday and what your total addressable market, now up to $900 million. it is great to have you here after that investor meeting. you're looking after 2030. what gives you that confidence. >> great to be here talking to you. we have been on this trajectory since 2021 when we had our last investor day. we realize the technology we produced for mobile can be very disruptive and we can build a leading position within automotive and we thought what would be the right thing to tell investors how we are going to diversify the -- how we are going to diversify the company. most of our revenue

who will blackwells? >> not and i didn't know it. >> it would've been a story that they would have been so proud and would have passed it all to us yeah, they know. >> and last summer, my mother and our cousins drove to the county where sarah won her freedom to pass that story on while, we took a trip down to noaa family county? yes. last summer blackwell reunion. we didn't know how the n again met fan i'm long and then find out more about the blackwell said, unfortunately, we didn't know much about outside of the family growing up that journey begins here in montgomery alabama with brian stevenson. >> he's the executive director of the equal justice initiative, and it's new massive national monument to freedom. >> it's created by reviewing the 18, 70 census and the 18 70 census. in the united states was the first time that formerly enslaved people had an opportunity to claim a surname that the government would recognize more than 122,000 surnames on this wall, front and back, about four stories tall and

the blackwell chip and slowing a.i.emand possibly keeping a floor under the stock this morning. >> hopper command is strong and the anticipation for blackwell is incredible. >> chip and tech stocks around the world falling with nvidia as investors take profits in the magnificent seven. >> other stocks on the move include salesforce, crowdstrike, affirm and more. we break down the action and key numbers. >>> and openai reportedly secured a massive new round of funding and fresh triple-digit valuation to go along with it. this is thursday, august 29th, 2024. and you're watching "worldwide exchange" on cnbc. ♪ >>> good morning. thank you for being with us this morning, i'm contessa brewer in for frank holland. let's kick off the hour with a check on u.s. stock futures. the dow coming off its first down day in four. financials and health care sectors hitting all-time highs. influence see the dow, implied opening up almost 200 points, s&p in the green as well, nasdaq futures slightly off by 48 points. stocks holding up surpr

they don't have the blackwell running. right now using the h100. jensen said over and over again this iteration is much bigger. one of the things i'm going to be talking about, he spent really quality time talking about apple. no one talks about apple. it's like fight club, the first rule about apple is you don't talk about apple. he did. maybe that shows you, david, this man you're seeing actually has more power than anyone out here and can talk about a apple partnership. >> he fills an arena in a way like it's a religious experience. so, yeah, he's clearly moved -- he's the center -- >> he pointedly told me in the end, he said, i'm a computer engineer. it's really hard for me to be who people want. he is not a rock star. he doesn't want to be a rock star. he's a computer engineer that has great partners and is taking advantage of his product. i think the misunderstanding of the woodstock ai is just -- it's just so ill-advised. it's not what's happening here. it's not woodstock. >> when the movie is done, when we look back and see who was at the c

trip. >> the functionality of blackwell is wonderful. we show people, i'm getting tours to people of the bok -- the blackwell systems we have up and running, you can find actors of logical systems all over the web. we have started volume production. it will ship in q4. q4, we will have billions of dollars of blackwell revenues, and we will ramp from there. we will ramp from there. the demand for blackwell far exceeds its supply in the beginning because the demand is so great, but we will have lots and lots of supply, and we will be able to ramp up starting in q4, and we will ramp from there into q1 and q2 two next year. paul: what is the demand behind the hyper steelers in meta? >> they represent 45% of our total datacenter business and we are diversified today. we have hyper steelers, -- scalers, we have solid ai's, we have industries, enterprises, so it is fairly diversified, outside of hyper steelers, the other 55%. now, the application used across all of that datacenter starts with accelerated computing, accelerated computing does ev

they continue to focus on the blackwell confidence or lack thereof.re on "bloomberg technology." ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh food isn't just fuel to live. it's fuel to grow. my family relied on public assistance to help provide meals for us. these meals fueled my involvement in theater and the arts as a child, which fostered my love for acting. the feeding america network of food banks helps millions of people put food on the table. when people are fed, futures are nourished. join the movement to end hunger and together we can open endless possibilities for people to thrive. visit feedingamerica.org/actnow >> welcome back to "bloomberg technology." i'm caroline hyde in new york. ed: i'm i'm ed ludlow in san francisco. caroline: we've had so much anxiety around this one name, all around nvid

this is blackwell. tom: a new era for the japanese economy. the first hike since 2007, ending of yield curve control, and an ending of etf that's in buying. we have stephen engle on the ground in tokyo for all the details and we will cross over momentarily. let's check in on the markets as we set you up throughout the trading day. the fed starts its own policy meeting with that decision on wednesday and a focus on the dot plots, the focus from the fed officials. european futures up. when it comes to s&p futures, 5200, off by a 10th of a percent. nasard futures down. let's flip the board and focus on the japanese yen. a little softer in the session on the back of that decision by the boj. seen by some in the markets at least as a dovish hike that came through for the boj. we check in on the japanese yen. 150 down 8/10 of a percent versus the u.s. dollar. the move we have seen, on the twos and fives, year-to-date, you seem close to 50 basis points of moves in terms of the two-year yield higher. you are cu

remember, blackwell doesn't ship until the fall david is right blackwell is the sum total focus of whathey can do because it's so much faster and because it can see video. video is going to be so important. i also think, david, i know -- >> jim, it's about more than speed. it's about power. >> what it can think. >> by the way, it does it more efficient li at a lower usage rate you know all this. i'm just repeating it. >> yes, i was in a car -- >> -- we still are going to have -- this has come up a lot a.i., when you bring 5,000 people together in the business world, a lot of people are going to be talking about it they have here it's clearly on my mind. it's got much better efficiency. but you'll have so much more of it that the electricity issue still one everybody is going to be talking about are we going to be able to generate enough power in the next 20 years in this country so we can become slaves to the robots. >> talking about canada now. there are so many companies working to fix the grid, that those are terrific investments the grid investment is still very much front and cente

blackwell's list. this is called the blackwell. in fact, you take a gpu 200 rack scale system and you put 36 grace blackwell super chips on this baby and you get 30 times the performance and 25 times less cost and energy for a.i. >> that sounded really good. >> f-ing a it did. i took latin in high school and i understand latin more than i understand what i just said. and i don't remember anything from four years of latin. comp coming up, we will talk about the mr. blackwell chip with the nvidia ceo revealing the new generation of chips in the packed arena. >>> and later, dan sullivan will join us live from sera week. the energy conference in houston. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. inging you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just f

both hopper and blackwell systems have certain supply constraint and the demand for blackwell is expected to exceed supply for several quarters in fiscal 2026. what is that doing? that is letting us know that maybe supply is going to be an issue for several quarters. we were expecting the ramp to happen in this upcoming april quarter, and maybe it's going to be pushed out longer, farther. that's part of the reason you saw more of the stock drop. really, that's going to the focus on the call is blackwell chips, the latest iteration. are this going to be delay, overheating, which people have debunked at this point, but is that what's going to happen going forward. >> the constraints on hopper, was that expected? there are some thoughts if blackwell was constrained, hopper would pick up that demand and offset that data revenue push. >> -- previously on last earnings call they said that there were no issues. so perhaps that's a good sign that the demand has shifted straight to hopper right now. but so much so they aren't able to keep up with it. excellent point they put that in the same sente

that's the blackwell chip.ell computer and this computer, the r&d budget is about $10 billion. it took us coming out, about three years or so to make. what goes into this is supported by whole bunch of unbelievable network -- networking and high-speed amounts of software and it goes into a data center and this data center becomes an artificial intelligence factory and it produces artificial intelligence. >> well, can we safely say that if we wanted to have say 1000 incredibly smart people at our company that they would not be collectively even as smart as that? >> well, it depends on the type of smartness. you know, artificial intelligence is good at emulating us. so, it emulated how we read and it emulates -- in order to emulate how we read and finish sentences and summarize paragraphs, it had to understand what it read. in order to emulate us, it had to understand words. >> so, i visit you six years ago, five years ago, it's obvious to me when you show me the dog picking up the jell-o and then you reward the

yeah sir thank you, guys victor blackwell. >> thank you so much. and don't forget to tune into the cnn special event juneteenth celebrating freedom and legacy. you can watch it right here on cnn or stream on max tonight at 10:00 p.m. eastern. and and on this week's home homefront, a very special honor flight touching down in the dc area this morning. the honor flight network is a non-profit that flies veterans into see them grails of the wars that they fought it. and then today it's hosting its first-ever juneteenth honor flight trip for 26 black veterans they're here in the nation's capital to visit among others, the vietnam veterans memorial and also arlington national cemetery. and one of those veterans is 101-year-old calvin camp, who's navy veteran, who was stationed in the south pacific and pro harbor during world war ii i wasn't a military 1943 and they forgot all about it years ago. >> all but i feel like a celebrity appeal good. >> i feel happy to be on america i'm a happy black america. >> the heart recipients, one of whom is also a bronz

this is when blackwell is arriving.is really important for investors to understand at this point we are 7/4 in. the new generation is coming out and that is what investors should be focused on. >> beth kindig, thank you for joining us. gunjan banerji, good to see you. coming up robinhood. details when worldwide exchange returns. and deliver solutions that meet complex needs. massmutual. partnering with financial professionals, benefits brokers, and institutions. >>> welcome back. let's get to your morning call sheet. bernstein raising its -- it cause a stock a top crypto deregulation trade. right now you are seeing robin hood up in the early trade. a pivotal research group raising its price target on netflix. pivotal siding the success of the mike tyson-jake paul fight in the expectation the streaming giant will accelerate its live program offerings. they say it is the biggest livestreaming audience of all time. netflix up half a percent this morning. consumer prices jump by an annual 2.3% fueled largely by an increase

last summer, blackwell reunion. we didn't know how how the no. here netfabb i'm long and then find out more about the blackwells unfortunately, we didn't know much about outside of the family growing up, that journey begins here in montgomery, alabama with bryan stevenson. he's the executive director of the equal justice initiative, and its new massive national monument to freedom. >> it's created by reviewing the 18, 70 census and the 18 70 census. and the united states was the first time that formerly enslaved people had an opportunity to claim a surname that the government would recognized more than 122,000 surnames on this wall, front and back, about four stories tall and about half the length of a football field yes. >> we want to tell the story about the jr.'s and the degradation and the violence of slavery. but we also want to tell the other story about the resilience of enslaved it's people, about the courage, the strength, the perseverance. >> there you are just jumped out at, there it is. >> yes, it is the seed that name with the what,

this is blackwell. >> nvidia says the blackwell processing unit will massively increase the computingower driving a.i. and large language models. shares are down today, but they are up more than 11% since march 1st leading up to the keynote. we'll hear more from jensen huang in the cnbc exclusive interview coming up at 10:00 a.m. >>> in washington, u.s. lawmakers and white house have reached a handshake deal to keep the government fully funded through september 30th and now must race to make it official before this friday's shutdown deadline. according to the report, the deal came late last night after negotiators were able to resolve funding for the department of home homeland security. >>> one of the national security officials is set to hold a closed door briefing today with top senate commerce and intel committee members about the threats posed by tiktok. this comes as the senate weighs how to proceed with the house passed bill to force a sale of tiktok by parent bytedance. on "last call," last night, joe manchin said there is no question as to what must be done. >> we cannot go a

this quarter more blackwell's then we had previously estimated. the supply chain team is doing an incredible job working with our supply partners to increase blackwell. tom: what stood out to you from these numbers? >> there were solid numbers, nothing raised a lot of great fun middle concern. demand continues to outstrip supply by a wide margin. as you mentioned in your intro, while the gun is for this quarter it actually beat, he didn't quite match the highest expectations. one last thing i would mention, there were some small concerns going into results, residual concerns relating to the earlier blackwell delays. so we saw no negative surprises on that. i think it steady is she goes is the message from here. tom: what about the broader industry, the challenges the broader industry faces at this point? >> i like that word. it is monetization, is the fear of missing out. is driving a lot of the capex spending amidst the big tech platforms at the moment. they're spending like there is no tomorrow. they are not monetizing it at anywhere near as fas

what about blackwell?i don't view that -- even if we're talking about two, three months, anything that moves out of the october quarter, when we look from a capex perspective, look at plblackwell, if you cou guide up $1 billion, $2 billion with a delay in terms of the trajectory, you're going to start looking at what ultimately about be five to $6 earning power. and i think the most important thing, you have the pieces of the puzzle, this rubik's cube. you have the capex players, you have names like service now and others. but as the godfather of ai speaks tonight, this is the final piece that shows that this ai party we've talked about, it's 9:00 p.m. and it goes until 4:00 a.m. >> speaking of ai, kate rooney has some news for us regarding openai. >> a source telling me that openai is raising another round of funding. this is going to be led by thrive capital. it puts the ai startup's valuation at roughly $100 billion, according to the source, openai and thrive did decline to comment. a source close to th

. >> blackwell is in production and blackwell as planned the demand for blackwell is insane everybody wants to have the most and everybody wants to be first. >> again, nvidia shares up over .50%. we will hear much more from huang and his take on the race of a.i. coming up a bit later in the show >>> as we mentioned, we are watching shares of levi's down after the mixed report you see the drop after the earnings right rear. investors are not loving what they heard and they are once again exploring a sale of the dockers brand. shares down 10.5%. >>> we are checking the bond market as we await the data numbers this morning let's take a look right here bonds, the benchmark ticking up a few points yesterday yesterday at this time, we saw it 33.77 now back up to 3.8 it did spike up to 3.8 during the trading day as well we are also watching oil, of course, and the continued escalating tensions in the middle east. dan murphy will have the latest coming up in a few minutes a quick check of the oil market. wti is up 1% still above $70 a barrel brent crude up .75%. this is important. back below

in the fourth quarter. >> blackwell demand is staggering.o scale supply to meet the incredible demand customers are placing on us. >> let's get more with james cakmak at clockwise capital. the innovation etf. james, good to talk to you this morning. my understanding is it was really the forward guidance for this quarter which still shows remarkable growth at, you know, implied 0% last year, but down from the 250% to 260% from the previous year. is that really what this is all about? the sky high expectations where you have investors chasing the dragon? >> nvidia, if you look at it on the surface and the expectations, these numbers were good. there's a lot to like. however, you know, the buy side expectations tend to trend ahead of the published expectations. that's exactly what happened this quarter. as you look forward, it was $1 billion to $1.5 billion light on the forward guidance and revenue. the fact of the matter is the stocks have the tremendous run. yes, it is still a holding in the etf and hedge fund, but we have been trimming semic

blackwell may be the answer for problems we don't know exist yet. our brains really just aren't big enough. i know that sounds strange, but it's true. things that used to take weeks can be done in a day or an hour. you'll do something you might not have done otherwise. you might think this would have been huge for nvidia, but the market turned against growth stocks because we were turned against the fed, and it fell more than 22% from peak to trough, i mean, come on. that's -- >> the house of pain. >> a massive decline. now, perhaps it was just, maybe it wasn't, though. either way, you can't say nvidia never corrected yo. you can't say it didn't get smashed. in the last few weeks, it's come roaring back. it was hammered. we don't know if apple's bottomed or not. we know there's an apple developers conference coming up. we might see exciting things, including things that make the vision pro more of a tool for the enterprise, and spatial computing is for real. nvidia's omni version. apple's quarter was better than expected. service revenue was driven.

we need information on the blackwell chip delay and what will jensen say to assure the markets, willgh? john: they'll be questioned quite a bit on the earnings call. i don't expect that nvidia will explicitly talk about the timing of blackwell and think there's a roughly modest delay about three months. where i think they'll get pushed if they don't respond to specific questions of blackwell, they'll report july and guide to the august quarter and blackwell isn't supposed to ship until the october quarter and won't have an impact on the short term results but if nvidia says they expect strong growth in q-4 it should alleviate the impact of this blackwell delay. vonnie: another concern has been about margins and saw not a great reaction to earnings last time around because even though it beat and was doing really, really well, margins weren't as much as wall street would have liked to have seen. what can nvidia do to compress margins more? john: we think margins will be biased the upside in the near term. what happens with nvidia is when they launch a new gpu market, let's say blackwe

wang promised that blackwell will usher e in the next revolution. take a listen. >> anything you can ding cantize so long as there's structure, we can probably learn some patterns from it. and if we can learn the parents from it, we can understand its meaning. if we can understand its meaning, with we might be able to yen rate it as well. and so, therefore, the generative a. a i. revolution is here. >> reporter: nvidia's had monster run this year, up over 240% in the last year. but another announcement yesterday promises that there's still room to run. the company shared a new revenue-generating software which allows customers to run and develop new practice on top of that the hardware. that not only provides steady the licensing revenue, but it gives customers a another reason to stick with nvidia chips as competitors seek to steal market share. and he says blackwell is not a chip, it is a platform, and that language makes you think of how apple and microsoft grew into entire ecosystems. liz: well, he's smart, and he knows we can't just be a chip-m

>> and the commentary, in transitioning from their current chip to another, blackwell, if there's going to be any sort of holding back in anticipation of the launch of that new chip. >> she said the bar was cleared -- big fan of the show, dick fosberry, this was no flop, but in other words, he got over a big bar. that was why he -- he invented the flop but nvidia, if you think about the 27% run into the numbers, if you think about the data center growth, if you think about where i think they are going to hit. there's no wons with that. we heard there's only, you know, 8% or so last year, so, demand is there demand is there, and certainly, the new segments, and as we get into other parts of the business, it is what we're hearing more about it is about autos and cpu. so, you want to know where that demand is coming from. you want to know the entire platform that allows them to kind of have this circular, you know, reinforced dynamic i think -- i think it's all here this, to me, is a huge relief for the market, and we'll get into that. but 4% move, i think this stock split is very importan

ed: in blackwell's case, they literally split it in two. >> for blackwell, normally what happens in chipsove from generation to generation, you move to a more advanced kind of chip technology. from the h100, they moved from seven to five nanometer. but that's changed. they couldn't move to the new technology for the blackwell chips. and as a result, they had to put two of them together. if you look at the progress of g.p.u.'s over the past four or five years, they haven't gotten better, they've just gotten bigger. performance per area has stayed constant. ed: you are an incredibly confident founder, co-founder, c.e.o. it's a pleasure to have you on the program. you are clearly ambitious. the difference between nvidia and etched is nvidia is producing at volume. you have $120 million in the bank now. what do you need to use that cash for, and how capital-intensive is the process of scaling this product, even if you have a partner like tsmc? >> this is a capital-intensive business. a majority of our series a is going to go into building these products and scaling up the business. that is wh

the firm says its blackwell chip will l says its blackwell chip will reduce cost and energy consumptionunced it now requires creators to disclose where realistic videos are made using artificial intelligence. the change is part of a broader effort to be more transparent about content that could confuse or mislead viewers. and finally initial results from a project that we covered on click last year have been revealed, the trial of a scottish hospital using an ai tool to help diagnose early—stage risk and. although the results are still to be peer—reviewed they suggest the tool has led to the diagnosis of 12% more cancers than would usually have been spotted by humans. most of britain's nuclear power stations were built in the 1950s or �*60s, and at the time, very little thought went into what would happen to them when they reached the end of their useful life. and now, across the uk, many of them are in various stages of decommissioning and chris vallance has been to dounreay in the far north of scotland to find out how its engineers are using robots to help in the process. the ruggedly

based on our discussions yesterday, we think blackwell is progressing well. nvidia noted that in a special address yesterday talking with dell which also announced they have ship the first blackwell 72 platform over the weekend. we think we will see strong commentary on a forward basis. really at the end of the day what investors need to see and hear is this durability of demand. can the data center continue to grow sequentially as we move not just into this next quarter but into fiscal 26 or calendar 25 for the company. >> what are you expecting for the guide? where do you fall when it comes to the results tonight? what is most important for you? >> first and foremost is the data center. our preview going into this was we thought they could do 30 billion+ of data center revenue. that was about 1,000,000,000 1/2 or so higher than consensus. i should point out that consensus estimates have continued to move higher. members have moved up about six or 7% since the beginning of the month. we have definitely seen expectations higher. i think on the margin discussi

what's happened is that blackwell, which we now know is kind of like blackwell's like godot for someeople. blackwell includes arm that's the cpu, okay and the gpu is nvidia. and that's going to be the biggest combination that's ever hit that -- that's the industrial revolution combination that jensen huang keeps talking about, so carl, you got this situation where you're thinking about what's going to happen in september, october. you realize that arm is taking share. they've got phone. they have pc they have the world. they're going to be the cpu company, even though they have a deal with intel. i think they're overrunning intel. i like their situation very much, because you got to be thinking about next year at this time, and the billions that are being spent on the datacenter when you go into the datacenter, you got to look at what's in it. vertiv is in there eton is in there grace blackwell is in there, which is nvidia, and arm's in there. you want to be in there, or else you're kind of being left behind >> you're in there if you're not in there, you're in the if you're in there,

it has been reported about blackwell, delay or no delay.uess the starting point is to ask if this was a surprise to you, that you were able to adjust or pivot and then ship next month unexpectedly. >> first it is great to be back and thank you for having us on your show. not unexpected at all. we have been working on this very hard. you think about the innovation we have been delivering from the start of the -- to what we acknowledge -- announced from our infrastructure. we talked about the fact that the blackwell product was on the roadmap and would for customer testing in the second half of this year with general availability next year. we are just following through on the commitment we made at the beginning of the year. ed: so the last three months of the calendar year will look better. >> we have exciting products. customers are facing power constraints in terms of infrastructure, so we have significant product announcements that we had today. number one is the formfactor. this product is 25 times more efficient, but in addition we are

, blackwell was a little late.some from super micro. at this price, 111, down from 179, bet against one of the most charitable and scrappy guys in the world. >> yeah, looking at notes about it. focus on dell's gi margins, and a 10% -- >> yeah, if they still share, who cares. and now, some shares that cooled a tad is salesforce. >> who do you have on the show tonight? >> richard dickson. >> yeah, the focus for tonight is the banana republic, which is extraordinary. >> really? >> yeah, i think this is a very inexpensive stock. >> you did a good job today. don't feel bad. he's very hard on himself. more reaction on nvidia shares, down on the posted earnings, but not much. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical

functionality of blackwell is wonderful. we're sampling blackwell all over the world today.ing tours to people of the blackwell systems that we have up and running. you can find pictures of blackwell systems all over the web. we have started volume production. volume production will shift in q4. q4 we will have billions of dollars of revenues, and we will ramp from there. we will ramp from there. far exceeds the demand. but we're going to have lots and lots of supply, we will be able to ramp. ed: what is the demand for accelerated computing? hyper scalers represent about 45% of our total data center business. we're relatively diversified today. we have hyper scalers. we have internet service providers. we have sovereign a.i.'s. we have industries. so it's fairly diversified. outside of hyper scalers, as the other 55%. the application use across all of that data center starts with accelerated computing. accelerated computing does everything, of course, from, well, the models, the things that we know about, which is generative a.i., and that gets most of the attention, but at

blackwell. chips have reportedly overheated in some servers. we'll also look at how the harris campaign spent $. 1.5 billion in 15 weeks and still lost. wait until you see who got the money. and you believe a new dance? jon "bones" jones jones does it in front of the president-elect. is in this the first political life? -- dance? will the nf if l fine any player who does it? you know, or we really do coffer it all. it is monday, november the 18th, 2024, "varney & company" is about to begin. ♪ ♪ >> i wish the people at home could hear the sound in this arena. >> it's so loud in here. >>s it is so loud. [cheers and applause] >> it's always loud when he. woman comes in, but now that he's the president again -- ♪ [cheers and applause] >> usa! usa! usa! usa! stuart: there you have it. president-elect donald trump greeted by thund the rouse aa. [applause] and usa, usa chants. this is during his return to madison square garden saturday night. lauren: in new york. stuart: in new york. thank you very much, right. in new york. the crowd went wild after u

nvidia's shipping blackwell, it is a new product cycle, there is always kinks that need to be workedin this case, server design, you need to make sure everything is working properly. these are tweaks, as opposed to major corrections. we think as you get into next year, the deliveries do start to come through and it will be a smooth process once again. nvidia has been the market leader when it comes to chips, do you see the competition getting close or is it heating up getting close or is it heating up at all? getting close or is it heating up at all?— up at all? no. i mean, the short answer— up at all? no. i mean, the short answer is _ up at all? no. i mean, the short answer is you i up at all? no. i mean, the short answer is you are i up at all? no. i mean, the| short answer is you are not seeing that. the revenue growth they are posting is so far above the rest of the semiconductor industry which has not grown in double digits since 2002. whether you could have existential external threats from other companies is a possibility, but you probably are years away from that. even being

caroline: how are those blackwell shipments looking? how certain?ntonio: it is all very consistent to what we are seeing. number of customers continued to grow. the demand across four different segments continued to be solid. when i think about ai i think about four distinct segments. call them the model builders and hyperscalers, then the two tier -- tier two and tier three providers, growing rapidly in terms of interest. you're talking about large-scale deployment and we are in the process to building in the u.k. the u.k. bristol ai icloud and in japan the asd, and then enterprise. the older value is lower but the number is significantly higher. caroline: the supply set has been the issue with blackwell in particular. how swiftly are those of arriving? how on track you feel it is? antonio: i would say the supply would come in due time because of the transition that jensen and team are driving. i want to say it is problematic, it is just transitioning the early part of 2025. today we continue to ship h 100's, but as i said earlier we already have m

let me ask you, what if blackwell really is delayed until january? would that mean big wins for the people who paid bucko bucks? we own it right along with nvidia and we know it doesn't have product as good as blackwell. if i want against trading, i would have sold amd up five, buy it back lower when the erroneous data washed out of the stock. they are nowhere else to go for this kind of chip. what is this story about from the information? is it much ado about nothing? the information shop sells subscriptions. it's a noble goal. i did it for years. this story likely did it in spades. the new subscription will be endless. after all, if they start out by saying we blew it, the servers can't handle the heat, and the cfo quantifies that business' loss and the upset clients and the information may have gotten a huge scoop, maybe this is the top and it's because of the server meltdowns. i'm more inclined to think you're getting a buying opportunity at nvidia thanks to the information publishing a story that it may not be that unless you didn't know all tha

the other focus will be on blackwell.his is the next generation chip set that there could be production delays to blackwell and investors will be hoping to hear more and whether this could impact growth in the coming quarters or whether the current product will pick up some of that slack. expectations are high, but nvidia continues to have a number of tailwinds behind it including strong demand and supply constrains which would help to givepricing power as well as limited competition at the moment even as amd steps up its efforts. big expectations here, contessa, for this giant of a stock at the moment. back to you. >> and yet there's so much sort of skepticism that's percolating throughout the markets about whether ai in general is a bubble and is about to burst. there is so much pressure on nvidia to sort of lay the groundwork for the whole industry at this point. what else could nvidia say to make investors feel like ai still has room to run more generally? >> i think one of the most positive signs is that we've heard

that chip goes into the blackwell computer and this computer, it's about $10 billion.vable networking and high-speed i/o and mountains of software and it goes into the data center and the data center becomes an artificial intelligence factory introduces artificial intelligence. >> can we safely say if we wanted to have, let's say 1000 incredibly smart people at our company, they wouldn't be collectively even as smart as that? >> it depends on the type of smartness . you know, artificial intelligence is good at emulating us. so the simulated how we read and this emulates, in order to emulate how we read and finish sentences and summarize paragraphs, we have to understand what it read so in order to emulate it it had to understand words. >> so i visited you six years ago or five years ago, it's obvious to me when you showed me the dog picking up the jell- o then you reward the dog and i was seeing something special. it was so obvious but it took chat gpt for everyone to know? >> well chat gpt is quite the amazing breakthrough. the engineers and scientists . i'm very prou

they have the images that can be fed into this new blackwell chip to teach it to recognize things. i haven't been a fan of getty because it became public via a spat deal and those were garbage with only a few exceptions. getty's had stagnant revenue the last three years and the stock has been a real bow wow, but it's time to crack open the books on this one because management talked about nvidia and how they'll be releasing a newly trained model soon and will enable a.i. cap capabilities. video, pictures could breathe some new life into getty, same deal with shutter stock. i think both companies need to be reassessed. getty's pure speculation. shutter stock proved to be a real investment. i saw from jensen's notes a german company zeimen's is the most progressive company when it comes to building digital twin factories for its clients, the process of simulating a factory right down to the floor to get it right before you build anything, eliminate waste and things that just don't work well, worth looking into. it's a medical device company i find most intriguing. take medtronic. nvi