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this is just a beginning of the AI Revolution 4 trillion on its way sure and long term you may be very well right but are you not concerned about this plus or minus 2% that the company is reporting on Revenue be only simply because the market wants the company to beat and beat well every quarter yeah if you looked up sandbag special in the dictionary you'd see this guidance and I think Street look Street's going to look through it I think there's a stock that probably will be up even on the conference call because if you look at everything that they did here in terms of on the data center you could Hopper we could be talking 5 7 8 billion per quarter that was just the ultimately many thought it could just be a few billion so as this all plays out and you start to look at numbers over the next called 12 to 18 months The Godfather of AI Jens and Nvidia continue to be in that Mount Rushmore and it just shows it's starting with Nvidia now second third fourth derivatives playing out that's why it's 9:30 10 p.m.
in this AI party that goes to 4:00 a.m. an IES from wedbush Securities highlights nvidia's strong performance positioning the company as a key player in the AI Revolution with the potential for significant growth he Praises nvidia's Revenue growth and guidance emphasizing its Market leadership in Ai and its expanding role across various Tech sectors IES also acknowledges some production challenges such as Blackwell chip overheating and Supply bottlenecks but believes Nvidia can manage these issues he sees the company's dominance in AI as a key driver of its success and maintains strong Market confidence in its future overall IES emphasizes nvidia's importance in the US tech sector and its role in shaping the global economy noting that while growth may slow in the future Nvidia remains at the heart of the AI boom as this Market digests this news Dan we are seeing a little pairing of those declines you were looking for a mic drop quarter could you call this that I think you print this press release off and you can put it in the Lou just frame it because look I mean what you're really seeing here this is a stock that going to be green tomorrow I mean what they're putting up in terms of hopper in terms of overall growth it's exactly what the what the Bulls want and he'll continue to ear the promise I mean next quarter that could be a four in front of it in terms of ultimately Revenue we're talking uh in the green room before the show about how important this one stock is to a a constellation of Trades that make the stock market go higher or lower you know it it's hard to think back over literally centuries and find a single company that had so much sway over the global economy or the global financial markets I I don't think there is one that hasn't had any backing per se from a government even like British East IND in 1990 not as big as this relatively speaking so it it is incredibly important not just for the people trading The Tick by tick right after the earnings and the call but also when you take back a step and think about the macro picture and and honestly this is the heart of us exceptionalism when we talk about why the US has outperforms for decades or more this is it it's Tech dominance it's the weight of tech in our Equity Market it's the fact that we have companies the mag 7 over the next 12 months will invest half a trillion dollars in capex and R&D so put that in context chips and science Act was 52 billion so this is many multiples of that so it's just the scale of our dominance and Nvidia is the is the Cornerstone of it so whether they disappointed or not to me it's the fact that you have this structural Advantage right let me make one point about that and I think that's really interesting that's the estimate for a half a trillion dollars in capex in R&D over the next what did you say next year okay so if it comes in at 450 all right just think about that what happens to these stocks like they're going to go down a lot and you know what I mean it wouldn't incrementally take because estimates are goinging up and the one thing I'll just say if you go back to Microsoft they 19% customer of Nvidia right and we talk about capb backs how much it went up it didn't go up that much right after they reported and so we're not seeing the sort of Step functions that we saw let's say three qus ago and that sort of thing they also talked about being capacity constrained one of the reasons why they didn't have higher revenues now their Cloud business is growing 31% you know year-over-year which is fantastic they're taking market share from AWS I just kind of feel like we're going to go from capacity constrained to capacity over you know built that sort of thing and the not so distant future and so when you're coming in and you're beating these numbers just by a hair and the stocks are still sticking around it shows you that investors still want the exposure but sooner or later I think it's going to be like one of those things where you're going to start seeing a couple quarters of declines by not just the picks and shovels but also the hypers scalers I think that's a ways off though and I think the the TR the the hard part of owning Nvidia is if everybody knows all right six quarters from now they're going to have slower growth when do you exit you want to exit before all the other people decide to exit so I I don't know that's there's the rub Tech Giants and AI startups are all hungrily awaiting nvidia's new Blackwell chip we found out overnight the Japanese Tech firm soft Bank will be the first to get their hands on them Nvidia CEO Jensen Wong announcing that at an AI Summit in Japan let's turn to Dear jaosa for what brings uh us to this point in that relationship for today's Tech check dearra who else but masaan Kelly everything about this announcement was very on brand for Moshi son basically telling the world that he and SoftBank are going to be key players in the Gen shift or at least make a very big run for it for NVIDIA though it does raise a question if demand for Blackwell is insane as Jensen hang has said then why put masaan at the front of the line instead of an open AI or Google or a company at the Forefront of llm advancements a source tells me that it was simple South bank's order was early and it was big it also comes just as the debate is heating up over whether AI advancements have peaked a big deal with SoftBank could also let hang and Nvidia diversify away from its large US customers to New Opportunities and sovereigns like Japan now overnight in Tokyo Wang praised masaan as the only entrepreneur and innovator in the world that has selected or partnered with the tech winner in every generation from Bill Gates to Jerry Yang to Jack ma he was even the largest shareholder of Nvidia at one point leading to this moment Nvidia yes it's okay we we we can we can cry we can cry together has the time changed at all since you came out with that it was so it was 900 p.m.
and now we're 9:30 got it got it so my other question to you since there are so many commentary so there's so much comments on Blackwell how production will ramp up into fiscal uh 2026 the product production shipments will begin in the 4th quarter uh fiscal year 2025 which is the current quarter does Nvidia break out Blackwell revenue or is this something that you and investors always need to reverse engineer out of the data center numbers yeah essentially investors reverse engineer but if you look in terms of some of the wording there basically saying any of those heating issues don't worry about it and and I think that's going to give more and more Comfort this is going to ram significantly in terms of that and I think that's look that continues to be the story because we've talked about from our Asia trip demand to supply 15 to1 and there's only one game in town and he's wearing a black leather Jack his name's Jensen and I think that's why this continues to be still in the early days of what I believe we'll be talking about 4 trillion on you mentioned the overheating issues and these are Blackwell you know overheating which might require redesign of the servers housing the chips and the companies that make the servers are Dell uh heel Packard Enterprise uh super micro do they end up carrying the cost of having to redesign everything yeah but ultimately I think that is something that's really noise and from all the checks we do that's why look when you're at the top of the mountain you're always going to have people trying to take shots at you but if you look at how Nvidia is playing out here there's really no production issues as this all RAM and that's why when you hear from Jensen today I think investors are going to realize this AI Revolution now it's about second third fourth derivatives you look what's going to play across software across the rest of the semis across cyber security if you're a tech bull this combined with obviously the last few weeks in terms of trump musk and everything we see this is a what I think is really going to be a setup to a Santa Claus rally so we are seeing Nvidia saying that Blackwell is going to exceed supply for several quarters but that there are some Supply constraints now you do those Channel checks Dan tell us the truth where have you seen those bottlenecks or those potential places where Supply will be constrained everyone's waiting in line they're at the Velvet rops and there's only one party and that's really in terms of Invidia and gens and and I think the issue there is that you want those next chips you you that's what everyone that's the new oil oil or gold yeah but that's the customer side I'm talking about from the the supply side from from Nvidia being able to actually deliver these it's ramping it's ramping look like any new production any new chip it's going to take time to ramp but I would say if you thought relative to 3 months ago had expectations so you sit there right now if Jensen's flying the plane you're in 3A watching Netflix feeling pretty good in terms of pricing power can Jensen hang raise the prices of those uh blackw chips even more than what he has already I mean what what are you expecting on that front and should people look for maybe increased prices for those chips they definitely can but right now it's all about market share they're just going to continue to go further and further out and even when you look what the hyperscalers are are spending you have now 3400 billion of capex AI capex just in your sites then you think about sovereigns you look at private we look at everything else it just shows we are in an unparalleled once in a 40-year tech Trend and that's why that Mount Rushmore is is Jens no long with the Dela carp and others you talked earlier about how you know there's a velvet um rope um and a lot of people waiting to buy these chips the hyperscalers are at the front of the line but if you bring in Sovereign buyers into the mix where do they stand do they get to jump the line sovereign's in the middle of the line they were saying oh my name is in the list they're like look you can't get in front of these people in the front and that's big Tech Sovereign still in the middle of the line they will get in and then behind them it's the rest of the fortune 2000 that's why this we're going to be talking about next year or two 4 trillion 5 trillion this Tech bull market still in the early days in conclusion Dan Ives emphasizes nvidia's dominant role in the AI industry predicting continued growth despite challenges like Supply constraints and Blackwell chip production issues he believes nvidia's strong Position will drive the AI Revolution and boost the broader Tech market with the potential for AI to reach trillions in value Nvidia remains Central to this transformation Ives also highlights nvidia's crucial influence on the global economy and US tech dominant while some growth slowdown may occur nvidia's leadership in Innovation will keep it a major player in the tech landscape how will nvidia's AI advancements affect other Industries in the future given Supply challenges how should investors approach nvidia's long-term prospects
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