저자: JimCramer · 외국인
요약 보기
엔비디아 GTC 기조연설은 훌륭했지만 멀티플 압축(PER 하락) 장세에서 주가가 하락했다. 엔비디아는 3.4% 하락해 410달러대로 밀렸고, 관세·정책 불확실성으로 투자자들이 반등 때마다 매도한다. AI·엔터프라이즈 소프트웨어·바이오·산업재도 함께 약세. 연설 자체는 Blackwell 양산, 2026 Vera Rubin, 2027 Rubin Ultra 로드맵을 제시했다. 하락이 멈추려면 정책 완화나 주가 조정 후 적응이 필요하다고 봤다. 소파이(SoFi)는 지금 팔지 말고 보유하라는 의견.
다듬은 글
er from nvidia's GPU conference in San Jose other people want it's my job is not just to entertain but to educate teacher when your stocks are going down and you don't know why it's a pretty good bet that everybody else's stocks might be going down too so do not take it personally as the people in this Hall the Nvidia conference the GTC convention know all too well as many of the public companies saw their stock sh Mer's lead today for no particular reason some of these companies are doing amazingly yep on a day like today when the Dow shed 260 points S&P lost 1.07% NASDAQ tble 1.71% we're all experiencing what I can only say is some painful shrinkage now we know in real life shrinkage can mean a lot of things making things smaller shoplifting and of course the classic George castanza anatomical definition that I don't need to go into any more than that but in this business shage means paying less for the same earn earnings that you were willing to pay up for only just a week or two ago you'll also hear this called price to earnings multiable compression and we see it all across this Market not withstanding the PRI from selling that we got on Friday and Monday how about those great days so why is this happening to us why do our stocks go down when nothing's happened to the companies underneath look when everyone's terrified that a piano is about to fall in their heads they don't want to get hit by the baby grand and right now they don't want to own the falling stocks either so they sell but they can't get a good price anymore because too many people want out for the same reasons they think that stocks are overpriced versus what when we consider what could could lay ahead right now we're in the grips of such fear that after two up days it's a virtual jailbreak from the GetGo as holders of stock simply aren't interested in anything positive they know that weakness is coming and they're simply anticipating it no matter what good they might hear here sure they can't see the weakness but if the administration keeps talking about how we're transitioning how the economy needs to make some painful adjustments then any big rally like we had Friday and yesterday will become magnet for sellers people just don't want to stick around waiting for the next tariff shoe to drop even as I think that if we get back to where we were last Thursday when the SP was down 10% Peak to 12 we are going to have to start buying stocks in a lot of the tech companies that surround me how pervasive is the negativity well we had a real test case today didn't we today J perhaps the most influential CEO of our era gave his keynote speech to GTC which we all know as the Woodstock of AI but he said it's become more akin to the Super Bowl when you put 17,500 nidian and friends the sap Arena and San Jose you'd expect some sort of impact on the stock market or at least in the stock of Nvidia but that sure didn't happen today we learn that nothing's more powerful than multiple compression as Nvidia stock actually slid $410 it declined 3.4% I say ouch okay I can see a bare case here although I don't share my Chapel trust is a big position stock and video stock isn't cheap unless everything goes right and in this climate of fear environment it's hard to see everything go on right even for a company that is this special and oh my after watching today's keynote always reminds you how special it really is just because 17,500 people get together to listen to jensy mod that doesn't mean you're going to get higher stock prices sometimes the tape is simply against you end of story at the keynote Jensen delivered a terrific road map for his next Generation technology invid is in full production for its most lucrative product the Blackwell and Blackwell ultas on the way more lucrative we saw devices that will make self-driving much safer we saw devices that can reason make decisions that we can't make because we're humans and we can't figure them out we saw technology prent wildfires we heard about a spectacular partnership with GM to put AI in their cars and trucks totally additive he had some very confident things to say about the data center build up for AI which he sees reaching a trillion dollars surprisingly soon but those didn't matter today Jensen told us that he's gearing up for the next big thing in 2026 with a Vera Ruben he likes to name chips after people and ver rubin's the astronomer who discovered Dark Matter from Philly we know that business needs more computing power in the Reuben Hazard second half of 27 we're going to have the Reuben Ultra with even more compute the specs were greeted with oo and a he talked about how much energy these chips will save too he talked about personal AI supercomputers that can do everything humans can do and also play a good game of tennis yep 2027 but what do we care about Tera flops or stacked Electronics or Quantum photonics on day like today teror flops might as well be cow flops then there are robots so many cheers so much excitement physical AI robots of every kind in every industry training robots requiring huge amounts of data blueprints built on Nvidia can make those robots work helping to solve The Chronic labor shortage in this country they will need so much compute that I can't imagine Jensen will ever meet the demand yeah yes that's right the orders here are through the RO I thought it was Dynamite to watch they are coming they're around the corner but in this market nobody wants to wait for what's around the corner we're not going to take our well you know what we're not taking a rain check on even the greatest of robots which I saw today on the screen at Keo so all these announcements from Nvidia might mean everything for the future but they meant nothing for the today new partnership with Disney and Google that creates whole new worlds that everyone love we heard about the announcement of Groot N1 hey that could be legendary didn't matter other than to make us laugh on a tough day you know what's most unfortunate I think Jensen W could have raised numbers today if you wanted you take them up big but that's not that kind of conference but he could have but you know what I'm glad he didn't might have meant nothing to stock anyway yes the invisible disease known as multiple compression is just that powerful and it really comes after tech stocks because they tend to be very expensive video stock isn't all that pricey but the expectations for the keynot were high so even though it was spectacular nobody's going to Care in this environment who else gets hit besides Nvidia how about anyone else involved with AI given that AI is so hard to understand if something is unknown and it costs a lot like a lot of the AI stories then its stock is going to go low in a day like today just like everything in the AI complex has been coming down for weeks after that people sell what's known as enterprise software there are tons of those companies right they make businesses run efficiently we have tons of be Venture capitalists love to voice these upon us when they should be selling them to other businesses the way that whiz sold itself to alphabet today for 32 billion nice when the Market's going up the growth hounds can't resist buying these enterprise software stocks but they can't resist selling them on the way down either sell especially when they're worri about the economy next they crush the high price biotex remember when those companies when breing a lot of rev but losing a lot of money well we don't care at least not in this environment all we think about is sell and then they do the same thing to the Industrials as treasury secretary Besson keeps talking about a pause that means we're no longer willing to wait for something around the corner because the street just go gets longer and longer and in the corner further and further here's the bottom line This latest round of mulle compression came on a day of wonderment about artificial intelligence and even with Jensen's fabulous speech mulle compression was just much more powerful I'll it's you know what it's going to stay that way until we get through this environment either because the White House backs off or because stocks come down to the point where we simply get used to it let's take calls let's go to Erica in New Jersey Erica hey Jim thanks for taking my call hey I'm new to your show call yeah I love your show all right so I wanted to get your opinion about Sofi we have a small position in it I almost sold it last week at 18 watched it go up took a long time and then I hit the pause button and it plummeted to 12 let's not worry let's not worry okay this is run by Anthony Noto he's doing a super job I know that right now stocks are for sale I don't want you to sell it it can come down a little bit more do not panic the company's in good hands and the stock was up a great deal not that long ago I think you're fine I'm not saying it can't go to 10 I am saying that noto's money good all right multiple compression ruled today even though Jensen one gave us a fantastic t-note address and I think it unfortunately is going to stay that way we got to get through this uncertain environment but we will get through it and we'll get through it together make money tonight day two of silon Valley and I'm sitting down with some of the biggest players in the AI race do not miss my excusive with Dell Snowflake and arm holding Plus what's the road ahead for American Express as the company celebrates 175 years I'm bring you my conversation with its CEO
Comments 0