this is what jensen huang had to say about a.i. on the call >> nvidia a.i. is essentially the operating system of a.i. systems today. it starts from data processing to learning, training, to validations to inference, and so this body of software is completely accelerated it runs in every cloud it runs on prem. and it supports every framework, every model that we know of. >> already today, goldman upgrades in a big mea culpa note, saying, we were wrong to miss the run, jim. i know you said yesterday, don't expect huang to be too promotional, but he sounded pretty upbeat. >> he did think about what he is going to talk about in march when he does the big keynote when i go back and forth with him, here's what happened. jensen was always ready with this kind of artificial intelligence, accelerated computing, but he did say that chatgpt ignited a lot of interest in it he talked about reaching 150 million people in 60 to 90 days, and he said, there are many use cases, but what blew me away is he compares this to what happened with the pc revolution, what happened w

it sounds better, looks better real threat to adobe, by the way, because when it comes to what jensen huang talked about is copyrighting and the way ads look you don't do them anymore. you don't use adobe, and i know that it's really possible that if he doesn't get this acquisition, it could fall behind because of chatgpt, but this chatgpt graph shows you that nvidia's not only the biggest winner, but nvidia's going to be the -- arguably, it could become the biggest company. >> biggest company >> biggest company because you can't do anything, any of these really -- chat is just one of them, on what's coming, without nvidia nvidia is just a neural network. by the way, i talked to some younger people at the investing conference all they want to know about is nvidia, because they all recognize that it is artificial intelligence that's what happens. >> it validates what jensen huang said last week about it being an fleinflection point but it's the most obvious play, is it not >> it's the only play. and i say it's the only play because you can't have this generative a.i you can't have accelerate

by gordon moore's law, which is about how you get more computing power every couple years, and jensen huangs going to tell you, that is the problem moore's law is not -- when i was, like -- >> they 34missed a cycle, right? they missed an entire -- and tsmc crushed them. >> they crushed them i remember being out to see jensen huang, and at one point, he just went ballistic about moore's law and how they're blowing away moore's law they're putting together these cards, and that's how you get a super computer, that's how you get to chat, the holy grail of chat, which we'll talk about later with palo alto, but i just think that they lost their way because they were thinking too small. they remind me of switzerland in "the third man. all they have is the clock >> meantime, we're going to see if they're rewarding software names today. >> there was a note today, very positive about nvidia. you don't want to see a positive note on nvidia, because nvidia is a company that is not going to say -- not going to participate in the hype of chat. that's not their style yes, they do have good a.i they have

i remember when i did a piece, jensen huang is making it so if you have a thought in your head it canhat or adobe. that's the threat to adobe. >> morgan stanley has a note on apple and they argue that apple stance stands to benefit from the a.i. boom because of their vertical in chips and a possible play as people use this on their phones. >> that could be the obvious winners are the companies teaming up directly. alphabet, i hesitate, obviously, problematic, but azure and microsoft. don't forget oracle. the low multiple, that is the one that people need to be focused on that's the horse coming from the outside in eighth place at the turn man, they can really shock people. >> it's just -- larry ellison, i don't talk about, i think he thinks i don't like him, but you can't please everybody. >> you mentioned ap tonight. >> yeah. julie is new just took over traen had a great quarter. canyon ranch yeah that's not the place to go, by the way, to knock back my wife's [ inaudible ]. >> they're not - >> jim v a good weekend. see you later. "mad money" tonight at 6:00 p.m. with 1% declines on

billion, and full fiscal year of revenue for that segment, up 41% to just over $15 billion ceo jensen huangaying in a release, "we are set to help customers take advantage of breakthroughs and generative a.i. and large language models." but the question is, how long will it take for nvidia to start seeing the benefits of companies spending more in a.i.? meanwhile, some brighter comments about the gaming business, which has struggled in the back half of last year gaming revenue for the quarter was $1.83 billion, down a whopping 46% from the year ago quarter, but huang saying, "gaming is recovering from the post-pandemic downturn." the call has been going on for about 20 minutes i'll have more for you as it develops >> thanks, steve kovak so, this falls into the category of over it >> i'm going to give you a little math here this time last year, nvidia was trading $225 if you look at the little ticker, it's trading $225. so, although they beat by 7 cents on eps, eps is down 33% from the same quarter last year, down 33%, and revenue from the same quarter is down 21% so, clearly, declining the

>> i tweeted a speech that jensen huang gave at berkeley where he said it was a very, very big deal ande moment of artificial intelligence i know -- i think it was morgan stanley yesterday said a lot of this is being overstated in the near term. but the way to play it is unquestionably nvidia. >> right it's funny because it's been -- has it been a week since the microsoft event? you've had the shock and awe of the display, of the rollout. then you had the backlash. look, this is just what software is and this has been around for a while and it's buggy we have the backlash to the backlash people saying, no, actually it's going to be huge and you have to not ignore it as a driver if nothing else, corporate efficiency and productivity gains. if not, the consumer applications -- [ cheers and applause ] >> looking at microsoft over the last few days. we have talked about the growing disparity in performance of microsoft and alphabet given the fact that investors are focused on the opportunity microsoft might have with chat gtp, even in the bing platform, but many products in the enterprise v

usage >> you have to listen to what jensen huang is going to say he has a couple speeches and also interviewsou get a little bit of money per word, one of these mcdonald's or wendy's realizes, we don't need that person that tells me what you want, because it speaks 27 languages it doesn't make mistakes why would you need a person? the fast food companies, i ask every one of them. they say, it can make mistakes oh but humans don't i mean, come on. but they still can't get any real big customers they're going to the auto companies to be able to make factories more efficient, but they don't have the big customers yet. >> it reminds me of what elon musk says when people complain about self-driving software. he's like, have you seen human beings drive right? >> they drive -- >> you think this is not an improvement over that? >> they're drunk, they're tired. david, people drive, and they're sleepy >> yeah. >> wouldn't you rather have a machine that's not sleepy? or would you like the sleepy person >> i think it would be great if we had fully autonomous. >> do you think if they had -- >> i'm still g

just one last thing people do not understand that chat is really something that happened when jensen huangreal super computer that can get a "d" right now on a medical paper, but they're going to get better grades. and jensen's got a speech coming up on march 21, 2023 this is going to be maybe the most important chat speech i just want to flag it we're way away from it, but this is the man who thought of it, realized it could happen he was telling everyone for years this could happen, and no one was listening to him and now, they listen and hang on his every word about what their software bundle, hardware, super computer is going to let facebook do. it's going to let alphabet and is letting microsoft >> it's a key point, david i mean, a lot of the desk commentary this week was that the selling in alphabet was emotional and based in fear, but i wonder, jim, whether you think the buying in nvidia year-to-date has been equally emotional. >> there are a lot of people who say it's greatly overdone. it's selling at 45 times earnings, so it's got the highest pe of the companies that we talk about

>> i discussed this with jensen huang, the ceo of nvidia if you notice, one of the key lines is they it defies moore's law. hold it just a second. we've got a ceo, nice guy, pat gelsinger, ignores moore's law they're saying, we can go much faster and so, i don't know why -- if you go much faster, why would you want a person on the other end at chipotle? we need 27 different language person who never makes a mistake. >> especially in that business where throughput is everything >> they will -- not one of these -- i'm going to ask dave gibbs. he better be ready for my question about chatgpt i'm not talking about big bear a.i. here or soundhound, as much as those are the blue chip a.i. now. >> we are going to talk to david gibbs of yum in just a few minutes. we'll get cramer's "mad dash," countdown to the opening bell. eng lls mi uin just about ten minutes what's important.rs cand your dedicated fidelity advisor can help you open those doors. by working with you on a retirement-income plan designed to balance growth and guaranteed income. because doors were meant to be opened. ♪♪ choosi

just jensen huang. >> that's what's been going on amd is not a beneficiary of the growth of a.i. >> theyon't have it yet, no. it's all written on nvidia nvidia is the artificial intelligence platform. they will get there, but right now, all the big guys are riding on nvidia because it's just -- it's so fast and clean and smooth >> let's quickly get to amazon before we wrap this up i mean, the margin of growth expectations were down we're already playing the music? quickly, retail in the u.s. was -- >> stop playing the music. >> yeah. retail in the u.s. was good. >> i think -- >> and you know, international, they continue to lose a lot of money. they wouldn't really go into it on the call. they were asked about it, kind of interesting, but it's a company that's doubled its revenue base from 2019 and shown no operating leverage so far profits haven't moved at all >> okay. okay i think that they -- that is exactly what they are struggling with if they were in the room, they would say, you know that guy faber, we should hire him. that's what they're worried about. but because they're worried

>> well, look, i think that what's happened, jensen huang has been working on this artificial intelligence it could go and what the use case is, and then chatgpt changed everything, because people say, wait a second, i can see what i can do with this. i have got to be on this platform, and the only company that has the platform is nvidia. so, it's kind of the most -- it's almost a moe mnopoly on ths level of artificial intelligence, and you can basically contract with nvidia through google, through oracle, through azure, to be able to get these uses -- figure out what it can do maybe it can help you with call centers. maybe it can help you with writing, with ad copy, with anything right now where you need people and you can't find them >> i'm curious about your reaction to the fed, and we've been talking all morning about what you think the fed or may or may not do any new takes? hot takes? >> well, i'm fortunate enough to spend much of this morning with jamie dimon. i will defer to him. we're going to a brand-new branch that's opened up in an underbanked area i know that he has been a lit