저자: MeganBrantley—출연자설명란없음,자막기준 · 외국인
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엔비디아는 MSFT·스타게이트·메타 등 AI 투자 확대(메타 650억달러, 기존 510억달러 추정 상향)로 수혜가 지속된다는 주장. 소비자 검색·방문·선호 지표에서 엔비디아가 경쟁사를 크게 앞서며 격차를 확대 중이고, Blackwell 브랜드 언급은 전분기 대비 10% 증가해 우려 신호는 없다고 설명. 다만 밸류에이션 불확실성이 상승폭을 제한 중이며, AI 버블론에 대해서는 아직 초기 단계라 성장 여지가 크다는 입장. AMD는 상대적으로 관심과 성과가 부진하다고 언급.
다듬은 글
Megan Brantley she's the vice president of research at like folio.com and she's going to talk about our feature stock of the day and that is Invidia now Megan with all the capex spending 80 billion from Microsoft 500 billion from uh project Stargate now this morning 65 billion from meta explain to me like I'm a 5-year-old why that is not an an easy Plus for NVIDIA I think that right now really it's a question of the valuation of Nvidia and how high expectations are and for us we see this and we just see massive Tailwinds especially in the AI um as just as a macro Trend at large when you look at these Investments all those that you just mentioned you know this should be a massive Tailwind for NVIDIA perhaps some of it is priced in I think that there's a little bit of uncertainty from some investors saying you know is this possible um are these valuations is this possible for NVIDIA to achieve but when we look at this we look at this company and we say we constantly are seeing revisions to the upside when it comes to just how much companies are planning on investing on AI and ultimately utilizing nvidia's products um you know if you look at meta just today they said they're investing $65 billion that was up from an estimated $51 billion and so I think we're constantly seeing these um these upgrades when when it comes to actual spend versus anticipated spend and so we think that this should continue to be a bullish Tailwind for NVIDIA moving forward because when we look at our data it really looks like it's Nvidia and then there's a large gap and there's everyone else and when we look at consumers who are interested in Nvidia um searches web visits um happiness metrics overall consumer mind share in every metric Nvidia is leading and it's extending its lead and so for us this is the clear front runner in a space where we see massive Tailwind so this is a name that for us looking forward it's really hard not to be bullish but I think that the the reason that we're not seeing as large of a move is just due to some uncertainty about valuation major Tech leaders are publicly disputing the AI initiative start Elon Musk said they don't have the required cash question the financial support of firms like SoftBank and attacked open ai's collaboration with the project in a post on X open AI Sam Altman promptly denied musk's assertion furthermore according to CNBC president Trump declared an emergency in order to expedite the building of artificial intelligence power plants the facilities May utilize any fuel including coal for backup power and would not be subject to climate targets since power consumption is predicted to increase dramatically the goal is to swiftly satisfy the growing energy demands of AI data centers natural gas is anticipated to be vital because of its dependability ility and quicker implementation even if it businesses have concentrated on renewable energy Trump underlined that the plants will bypass the conventional electricity system and Link straight to data centers with platforms for data centers driverless cars robots and cloud services Nvidia specializes in AI powered Solutions Nvidia is anticipated to be a key player in Project Stargate a 4-year $500 billion AI infrastructure project that was launched by the Trump government the initi itive will mostly rely on nvidia's hardware and Computing capabilities which could allow it to continue growing until 2026 according to UBS Microsoft arm Oracle SoftBank and open AI are among the initiative's principal collaborators with Nvidia serving as a vital technological supplier nvidia's strategic relevance in AI infrastructure is highlighted by the initiative which also addresses issues over Peak compute Demand with a price target of $185 UBS continues to maintain its buy rating on Nvidia are you seeing anything around concerns for for Blackwell and its production is that cuz that mean we're hear hearing whispers around it but are you seeing that in the sentiment data that that could be that one concern that could cause some issues when it comes to the stock so whenever we look at Blackwell we're listening mostly to Consumers and listening to how many times they're talking about the product um what that overall sentiment is related to the product I just checked actual blackware Blackwell brand mentions just before I came on the show we actually have those mentions up by 10% versus last quarter so on a quarter over quarter basis we see some acceleration and we don't see any significant dings in sentiment so it's tough to say um you know on our end we don't know what production status looks like for NVIDIA but we know at least on a consumer end that consumers are really excited about this Blackwell infrastructure and it seems to be like demand is only building so um at least on our end that doesn't look like a red flag on Friday Nvidia was still above the 50-day moving average the stock is expected to rise 7% per week is it time to buy the stock president Donald Trump announced late Tuesday that open AI Oracle SoftBank and other firms will form a joint venture called Stargate The Venture would invest up to $500 billion over four years to construct data centers and other infrastructure for AI applications the new business will work with Nvidia as a technology partner Elon Musk the CEO of Tesla expressed some skepticism on Twitter and X claiming that they lack the necessary funds the news that Trump had reversed a previous President Joe Biden regulation requiring certain AI developers to reveal their safety test results with the government before making them public also caused shares to rise on Tuesday according to Dow Jones Market data it assisted Nvidia in overtaking apple as the biggest firm by market capitalization during Tuesday's session SK hyx a South Korean chip company expressed worries about the demand for its chips on Thursday high bandwidth memory chips from SK hyx enable the high-speed Computing required for AI applications when combed bed with nvidia's Cutting Edge processors UBS analysts stated that they anticipate solid fiscal first quarter guidance and results for the current quarter Blackwell yields have inflected higher and Nvidia is switching from Hopper to Blackwell in its product mix as the semiconductor leader builds inventory analysts also Envision income streams from original equipment manufacturers according to UBS hanhai anticipates shipping the gb200 rack system using Blackwell chip sooner than anticipated in the January ended quarter Blackwell's total sales increased from 5 billion to9 billion estimates for total sales for the fourth quarter are $42 billion with $47 billion expected in the April quarter UBS kept its buy recommendation and price Target at 185 I think what some investers or Traders are missing here about Nvidia is that when you see all these numbers you know a lot of the risks a lot of the fears about Nvidia is that it's coming to an end right the growth can't keep going and it's going to start eventually to decelerate but these numbers that are coming from Microsoft and Stargate and now today meta doesn't that not only inflates the local the recent numbers but it pushes that date out to to when the the eventual slowdown is going to come it just keeps pushing it out into the future Megan yeah you know as I mentioned a lot of the metrics that we're checking we see that acceleration just like you noted we see these upgrades in the amount of um Investments That companies are spending and mostly on this AI infrastructure when we talk about capex spend we're talking about gpus and data centers and and things like this to support their AI goals and Nvidia is an a large beneficiary of this this is mostly you know demand for their products directly and so when we see this we don't see AI as a bubble I think that there are two camps people that think that the bubble's about to burst and we don't see that we see this as a continued Rising tide we still think that we're very early in this um in this timeline and how AI will ultimately you know what what is the top how much can this grow and expand and so I think that there there are two different ways to look at it but for us we think that we're still very early and we still think that significant growth is ahead Megan are investors or consumers a little disappoined when it comes to AMD I continue to see this chart and I I love that you bring these charts every time uh when we talk about Nvidia but it seems like AMD continues to go lower and lower when it comes to the amount of activity or the chatter around it what's some of the issues that they're seeing why can they not catch up to Nvidia right now I think right now Nvidia is just pushing the envelope when it comes to overall performance um their products are quite simply better and those are the products that people want people want the best and the fastest and the most productive and the most efficient um I do think it's promising whenever you look at this chart you see acceleration and we see some nice improvements for all of the names that we examine and that's not always the case I think in the past even when we talked just a month ago we had AMD in the red and that was a bit disappointing and so it's nice to see as a at a macro level all demand for these chip makers across the board Rising I think that that is really reflective of you know a new Administration coming in you have a new refreshed focus on investment in AI you have a deregulatory environment unfolding so I think that the macro Trends are becoming Tailwinds instead of headwinds for a lot of these companies and so um I think think that AMD is certainly one to watch it's nice to see it start to gain some momentum back but the bottom line is when we look at consumer sentiment levels and we look at these mentions Nvidia just has better products right now by using AI agents Nvidia is addressing the growing labor shortage and Rising health care expenses in the digital Health space achieving notable progress from Healthcare to administrative assistance the company is creating and implementing domain specific AI agents that are capable of a variety of activities based on the business AI Enterprise platform these agents are made to easily fit into the current Healthcare infrastructure to speed up clinical research and get novel medications to Market more quickly Nvidia and iqvia a top clinical research and Healthcare analytics business announced in January that they will be collaborating to create unique AI models and workflows with its biion Nemo platform an all-in-one solution for Aid driven drug development Nvidia is also transforming the drug Discovery process from Target identification to clinical trials the platform facilitates every stage of the drug development process a collection of reference apps and microservices are included in the company's biion Nemo platform which is simple to incorporate into current drug Discovery processe
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