저자: JimCramer · 외국인
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AI 인프라(AI 1.0) 기업들의 설비투자 지속과 엔비디아 수요에 대해 강세 입장을 유지. 아마존의 칩 수요와 주요 하이퍼스케일러 설비투자 발표(12개월 2,270억 달러)를 근거로 제시. 블랙웰 출하 지연 우려는 일시적 분기 단위 이연으로 보고 엔비디아 시장점유율은 유지될 것이라 주장. 엘리엇의 AI 버블 지적에는 전면 반대하며 AI 2.0 종목은 보유하지 않는다고 밝힘.
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Nvidia is on the verge of taking off over the following 10 years I'm talking about a 100x return this is a once in a liftime chance to find out how watch the entire video well you're still optimistic about the market as a whole following a week in which we had guidance from arm Western Digital Intel and now microchip well no my bullishness is limited to firms that are actually supporting viia or heading to the GPU you see during the the Amazon conference call they indicated that Nvidia is sold out demonstrating their complete awareness that they must invest in AI they've been sold out for a while they are most likely sold out through 2025 indeed the expenditure plans that we have heard and confirmed by companies such as Microsoft meta alphabet and Amazon have not deterred anyone from believing that Nvidia will continue to be the primary benefit however the market is currently undergoing a significant rotation in the end consumers are worried about whether the FED is falling behind but none of it seems to address the main issue which is that Nvidia may be sold out for some time to come you listen to Amazon after all naturally they must construct their own but that is a defensive tactic as they are unable to stop creating their own chips e developing their own chips here you see Aon yes this is how I view Amazon given how awful the stock sounded today I believe it's crucial I would purchase it Amazon needs to purchase a lot of planes because they are aware of the high volume of business they must erect hangers it is no longer necessary to place passengers in Planes when purchasing a large number of them they spend a lot of money purchasing the planes first and then you have to wager that they are correct I'm willing to wager that chassis is correct or perhaps you could employ a different comparison they're purchasing a stratum of locations and you can't just pick things up like a violent you must acquire Knowledge Learning it is a little more difficult since teaching inferential reasoning is a little more difficult I'm only using analogies to help folks grasp that it takes time the fact that they are unable to just flip a switch is upsetting people additionally they make reference to the Olympics people are asking are you serious I mean the nation is stuck in the year 2012 they're watching the Olympics after all because they're watching the Olympics and not me they're not purchasing as much yes I am aware that was strange according to Jeff's message from today clients are phoning to inquire about possible delays in Blackwell the doj contacting invidious Rivals who have been complaining was the subject of the report that was released yesterday although it's slower there they never truly stated that it would ship in large quantities therefore those who believed it would ship in bulk ought to reconsider they ought to speak with Jensen he never stated that it will ship in large quantities at this time yes exactly the question of whether there will be a return on invested Capital Remains by the way Jesse stated the same thing and the hypers skillers all gave yes answers what about Zuckerberg do you recall indeed he is discussing generative artificial intelligence Jesse stated that it will grow rapidly and that the majority of it will be developed on the cloud from the beginning which you know gives those companies the chance to keep expanding you haven't heard anything at all about the cloud gr from the people who are deciding how to allocate Capital that is what we should all be concentrating on just one thing please if you are upset with me you can apologize I'm sorry I'm not angry it's a huge day so I became a little excited however I'm sorry I did I think the story of the AI Revolution is intact as are all of our checks despite the White Knuckles we're witnessing in the market now is not the time to worry according to the financial times Elliot management recently informed investors that Nvidia is in a bubble and that the Hoopa surrounding AI technology is not being matched by reality you disagree completely yes I completely disagree we arrived before to conference calls and earnings I believe we even discussed it let's examine some numbers examine the Azure acceleration take a look at what Lisa Sue from AMD discussed regarding the acceleration that Azure is aiming for in the second half we observed what we believe to be disappointing that is a great example of demonization that time is now the bigots have persisted in their hatred in my opinion for the past few years the Bears have been there I understand that in Tech right now it's simple to walk out and sort of shout fire into a packed theater since it comes from more than simply the call we are unable to view it you see that the buzz is matched by the value in my opinion the street is underestimating the trillions of dollars that will be spent on AI Capital expenditures over the next 3 to 4 years in terms of All Tech and nothing that we witnessed here detracts in the slightest from this no Dan you're correct hear me out none of them are abandoning their capital expenditure plans regarding your argument I'm referring to AV which has actually accelerated its Revenue growth by 19% however there is still the more significant question of whether you will eventually see that return on investment naturally you think that will be the case but what do you think will happen in the near future in terms of applications that will begin to elay some of the concerns that some investors would have from an Enterprise standpoint and in a few weeks Godfather Jensen will share it with us the application cases in Enterprise currently on the AI Road have increased by 45 times as we've always discussed these businesses are headed towards what I think will be used cases in the healthare finance insurance and Retail sectors it all comes together to demonstrate the modernization spending is present and based on what Sue and nadela discussed as well as what we discussed with Sundar and Jesse I believe that A revolution is taking place the modernization process is only now beginning to bet on this and against it in my opinion is like betting against cook and 2.2 trillion in terms of where we eventually see you know the actual install base I'm not saying that we'll have an air pocket between the capex and when Revenue comes as you can see apple is currently undergoing a revolution in artificial intelligence it's a difficult wager do you think it could last a year would you become anxious if it didn't happen within a year that is if the rhetoric didn't change she use the terms second third and fourth derivatives I would suggest that if we sit here and January or February and we haven't seen it we haven't seen the monetization from a software Viewpoint or from an actual mod except from mag 7 naturally we have to take a look at it if McDermot shows up that suddenly says he doesn't believe in artificial intelligence however it is currently more certain because to what we observe not just from Mings but also from our checks I've never seen anything bad about Bill McDermot he has already made a change so I'll take McDermot Sue Medela and cook if they see something there have been reports regarding the Blackwell chips delay and how it would affect some of those clients including Microsoft Hogle and meta despite the fact that many are currently essentially adding petrol to the fire how's that tail going for you do you believe this will make a difference as far as Nvidia is concerned I believe that they may have to wait up to 90 days for the Blackwell series chip but in the meantime their technology is so Advanced that no one will be able to take market share from them so it's theirs to keep since they are the most crucial Link in the AI supply chain I believe that their revenue news will just be postponed for a quarter or two this will undoubtedly affect the development of AI infrastructure for some of the four large companies in the United States that are investing billions upon billions on this project I know Sam touched on this and she brought up the issue of the AI hype and being bullish on Tech which you are in general but when you get down to the specific do you think the pressure will increase to the downside if an activist fund manager with the stat of Elliot management claims that there is an overabundance of AI and that these stocks are overbought I think we need to make a distinction between what I refer to is AI 1.0 and AI 2.0 I still feel very comfortable with AI 1.0 these are the names of the infrastructure buildings which are usually semiconductor data networking and data server firms the four hyperscalers have just stated in their conference calls that they will invest a total of $227 billion on AI infrastructure over the course of the next 12 months I suppose no one makes such a commitment they also claim that their Capital expenditures will increase from that extremely high base in the next year so I don't think they're going to alter those projections I like all of those stocks then I don't own any AI 2.0 equities since I haven't convinced by them yet these are the businesses that say they will have these amazing AI powered Revenue generating Goods on the other side of all the infrastructure construction expenditures when I see it I'll believe it however I currently only need the AI 1.0 stocks for my thesis to be correct the AI 2.0 stocks are not necessary for me
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