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please just correct the script below's grammatical errors don't make it shorter or alter its meaning make sure the script is precisely the same length as the first one I'm not sure whether I should pay a little less than that for Mark envidia but Salesforce has momentum and you know how much people adore the momentum growth model love finally though I would say that last night was among the most thrilling evenings we have ever experienced Jensen may not have made a mistake but the yields were quite low that that is like the fur like when in fact he is discussing it on the conference call let's listen to his thoughts namely about the increase in manufacturer of the new Blackwell chips with faster Computing and generative AI data centers around the world are working feverishly to modernize the entire Computing stack demand for Hopper is still high and Blackwell is highly anticipated he can't create them quickly enough so I suppose that wasn't the case he's unable to as a result gross margins are hurt which annoys people however I also believe that David when you have Nvidia watch parties frequently and you have teams that instance you can speak about in the Premier League I don't know they're in weird British cities indeed what occurs is that well that's a watch party isn't it no and that's you understand that that of course is the right conclusion however I do believe that along with the national Nvidia day and the way the country kind of stalled at one point why no we have to return to reality which is that Nvidia is a corporation run by a male and they did have some product issues it's just that look we've been create as many as we'd want but 202 demand is obviously still there naturally we have discussed the ongoing capital expenditure plans of all of the world's biggest corporations they make up 45 % of the company and data center revenues are 26.3 billion which to put it in context is 2 and a half times what it was not so long ago who makes these Whispers I asked a well-known AI semi executive I said the stock is Rock because short sellers give it to their sell-side colleagues making the number too high they need to be $2 billion but they can't okay a suitable multiple for this business let's assume that they will do it for a whole year assume that they do $5 for the 26th EPS number D for the calendar year yes that's right still multiply it by 30 okay why not you have a stock that is currently down $30 from where it will be so why not give it a multiple of 30 however given that we know that Jensen Wong is ultimately flawed it has become a little more show me we didn't believe he was prone to mistakes but now he is therefore it's possible that that some individuals believe we can't offer it that many that isn't a significant call order in my opinion on a $5 number multiply it by 30 why not what the devil yes but I believe that when we leared that there were yield issues we were all a little taken aack David we should never have assumed it was turn but we kind of felt like it was keep in mind that developing a new semiconductor is difficult and they were putting some he repeatedly stressed that having our panel ready would yield a return on investment Josh Brown the CEO of rid Holtz wealth management has had shares for as long as I can recall Stacy Rasin a senior Analyst at Bernstein and Stephanie Link from hi Tower are also present today contributors Stephen Josh and CNBC okay Josh since you're my guy on video you get to speak first what information is required here the most intriguing aspect of this situation in my opinion is that volatility persists even if the market capitalization has increased to its current size usually that isn't the case we typically anticipate a maturation in a company's operations as it grows in size which makes us less erratic in our daily assessments of the stock price simply said Nvidia is something else the stock and options Market is a self-contained casino and this report is no exception in response to tonight's earnings in videoid is predicted to move up or down 11% the implied move after earnings was plus or minus 12% on average over the previous eight quarters thus the game Remains the Same I would start by telling you that to set the stage the second item is estimated earnings per share of 65 that represents a 138% year-over-year increase of 113% on revenue of 28.7 billion if if you look at the most recent best responses to earnings from 2023 to the present they were plus 14% plus 24% flat and then minus 2% which is Unthinkable yet happened a plus 16 followed followed by a zero the average response for the most recent quarter in 2023 and 2024 is plus 10% but as I've showed you the outcomes have been somewhat inconsistent the one thing we haven't seen since the start of the Nvidia era is the major down reaction I'm not saying it will begin tonight just remember that even though we haven't seen it in this time frame it is within the realm of possibilities okay so Stacy clearly as it always is all eyes are on guidance I apologize but the estimate the predicted guide is close to 32 billion in revenues to achieve what Josh would refer to as a significant plus reaction out of the stock how much more than that that is required indeed I believe that the buy side rumors are closer to 33 and 34 billion which would likely indicate a data center guide of at least 30 billion the price is a little higher than the 28 billion they had guided for this quarter if you consider that the other companies are worth a few billion dollars for the upcoming quarter they have streets of about 31 and 31.8 or 287 or 288 the bid is most like between 33 and 34 do you think they will reach that point yes this is what's interesting isn't it everyone has been wondering what the Blackwell delays could imply for all of this and I believe that it won't be a big problem for Q3 Blackwell revenues in Q3 were never going to be very high anyhow additionally they won't provide guidance for Q4 and Beyond perhaps some color will be added to that they're still sending whatever they can sell so I believe there's still a lot of demand though there has been a slight delay with Blackwell I believe they have been able to backfill some of those instances I believe that Hopper h200 and similar devices are responsible for the majority if not all of it revenu should be all right in my opinion as we approach the end of the year and the start of the next what does this delay truly signify if anything in terms of commentary Blackwell was intended to escalate does the road map have any modification that could affect that trajectory for example what impact does it have on profit margins you see if as there they might be changing the road map run that there's more qualitative feedback that we might receive and it might be significant and could influence the stock in One Direction or another however I do believe that the revenue figures will likely be acceptable with the Dow and S and P hanging near New highs August was undoubtedly a tumultuous month for the NASDAQ SNP and DOW as we prepare for a job report and potential Fed rate reduction what will September hold for stocks Tom Lee a CNBC contributor and head of research at funder Global advisor is now joining us it's good to have you here Tom I should add that there won't be any notable net gains in assault it will only have gains if it maintains its strong session which is today it's nice to see you Tom it's been a while since we spoke first first and foremost how do you feel about the way the market has interpreted invidious Financial results naturally it started out in the pre-market yesterday morning it was operating normally until yesterday's session ended at which point it closed down more significantly Nvidia is one of those stocks that in my opinion has become part of stock market Legend nearly everyone holds a position and I don't believe that the profits and results altered anyone's perception of AI and it's crucial cral role in both Global productivity and VI's role however the selloff in my opinion indicates that a lot of positive news was priced in that I believe is the reason why the stock dropped the overall Market remains stable that was a kind of a good result in my opinion and it simply goes to demonstrate that there is space for a lot more rotation it also reveals that small caps are among the groups that stand to gain from that rotation if you're looking at the valuations of some of those sectors that haven't done so well in recent months uh and years or if things have rebounded enough overall that you start to get a little worried about valuations for the entire Market not just the invidious of this world then let's talk about that rotation Tom and how much work remains given that the equity markets have been growing for a number of years our clients are undoubtedly questioning us about valuations however I believe that the concept of a rotation is based on a few factors one is that the fed's rate path is lower which helps small cap and cyclical stocks
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