원문 보기
as the market processes this news let's now turn to Dan Ives Global head of Technology research at webbish Securities we're witnessing a small pair of such declines Dan could you describe this as the mic drop quarter you were searching for you should print this press release and frame it in my opinion because as you can see this is a stock that will be green tomorrow they're giving Hopper precisely what the Bulls want in terms of overall development and he will keep falling short of expectations in in terms of final Revenue that might be a four in front of it next quarter with $4 trillion on the horizon the I revolution is only getting started yes and you might be absolutely correct in the long run the market wants the company to beat and beat well every quarter therefore are you not worried about the 2% plus or minus that the company reports on Revenue yes this advice would appear if you search for sandbag special in a dictionary additionally I believe that the street will examine it if you look at everything they done here in terms of the data center Hopper we might be talking five seven or 8 billion each quarter I believe this is a stock that will likely be up even during the conference call many others believed it might just be a few billion The Godfather of AI Jensen Nvidia will remain on that Mount Rushmore as all of this unfolds and you begin to examine the numbers over the course of the next let's say 12 to 18 months it simply indicates that Nvidia is the first to play out followed by derivatives number three and four this explains why the a party starts at 9:30 and ends at 10:00 a.m.
since you came out with that has anything changed in terms of time we're at 9:30 now although it was 9:00 p.m. I understand the second question I have for you is that given all of the talk about Blackwell and how production would increase into fiscal 2026 product shipments will start in the current quarter the fourth quarter of fiscal year 2025 is Blackwell Revenue something that you and investors must constantly reverse engineer from the data center figures or does Nvidia break it out in other words investors basically reverse engineer however if you read some of the language there they are essentially telling you not to worry about any of those heating problems and I believe that will provide increasing Comfort this will ramp up considerably as we said during our travel to Asia the demand to supply ratio is 15 to1 so I believe that's still the case he's wearing a black leather jacket and there's only one game in town Jensen is his name and I think that's why we're still in the early stages of what I anticipate will be a $4 trillion do discussion you brought up the Blackwell overheating problems which may necessitate redesigning the servers that house the chips the servers are manufactured by supermicro hulet Packard Enterprise and Dell do they wind up footing the bill for redesigning everything yes but in the end I believe that to be merely noise there will always be individuals attempting to disparage you when you're at the top of the mountain because of all the checks we conduct however if You observe how Nvidia is handling this situation there aren't any production problems as all because of this I believe that investors will recognize this I revolution when you hear from Jensen today at this point it's about second third and fourth derivatives examine the future developments in cyber security software and the remaining semis this together with the clear developments of the past few weeks with Trump musk and everything else we see is what I believe is going to be a setup for a Santa Claus rally if you're a tech bull according to Nvidia there are now some Supply bottlenecks even though Blackwell will surpass supply for a number of quarters Dan you check those channels tell us the truth where have you observed those possible locations where Supply will be limited or bottlenecks everyone is at velvet ropes waiting in line and as far as Nvidia and Jensen are concerned there is just one party you desire those next chips which is the problem it's the new gold or oil and that's what everyone wants yes but that's the client's perspective I'm referring about nvidia's ability to deliver things from the supply side the ramping is happening look it will take time to scale up just like any new chip or new production however I would argue that if you were wondering what the expectations were in comparison to 3 months ago you sit there right now assuming Jensen is piloting the aircraft you're in 3A watching Netflix and you're feeling pretty well can Jensen hold his own in terms of pricing power is it possible for him to increase the cost of those Blackwell chips even farther than he has already done on that front what do you anticipate and should consumers search for possibly higher cost cost for those chips they most certainly can but market share is the main concern at the moment they will simply keep moving farther and farther out you suddenly have $300 400 billion in a capital expenditures solely in your sites even when you consider what the hyperscalers are spending when you consider sovereigns private companies and everything else it just demonstrates that we are living in a unique once in a 40-year technological Trend Mount Rushmore nadela cook and others are Jensen because of this the hyperscalers at the front of the line are the ones who are waiting to purchase these chips and you mentioned before that there is a Velvet Rope where do Sovereign buyers stand though if you include them in the mix are they allowed to cross the line in the center of the line are sovereigns oh my names on the list they remark it's major Tech though since you can't get in front of these folks in the front sovereigns will enter they are currently in the middle of the quw the remainder of the fortune 2000 follows behind them for this reason we will be discussing $4 trillion and5 trillion throughout the course of the next year or two we are only at the beginning of this it boom before the show we discussed in The Green Room how crucial one particular stock is to a series of Trades that determine whether the stock market Rises or Falls it's difficult to identify a single business that dominated the world economy or financial markets for literally centuries there isn't in my opinion one that hasn't received some sort of government support not as large as this in comparison even in 1990 therefore it is crucial for those who trade tick by tick immediately following earnings in the call as well as for those who stand back and consider the big picture to be honest this is where American exceptionalism lies this is the reason why the United States has outperformed for decades or longer it's the weight of technology in our stock market Tech domination it's because our Magnificent Seven corporations will spend half a trillion dollars on R and D an2 months put it in perspective $52 billion was spent on the chips and science act this is a lot of times that it simply illustrates the extent of our power of which Nvidia is the foundation therefore to me it's the structural benefit regardless of whether they disappointed all right allow me to make a point that I find quite intriguing what did you say about the estimated half trillion dollars in R and D and capital expenditures over the next several years next year all right so just consider that if it ends up costing $450 billion how do these stocks Faire they're going to drop a lot like and you know what I mean estimates are rising so it wouldn't take much incrementally finally if you go back to Microsoft they are a 19% customer of Nvidia correct we also discussed the increase in capital expenditures not long after they reported it didn't rise all that much therefore the type of Step functions that were present say three or four years ago are no longer present they also discussed how they didn't have higher revenues because of capacity constraints their Cloud company is currently expanding 31% annually which is great because it is displacing AWS in the market in the not too dist future it seems to me that we will transition from capacity limitation to capacity overbuilding therefore it indicates that investors still desire exposure when you enter the market and beat these estimates by a slim margin while the equities remain stable but eventually I believe it will be one of those situations where you start to see drops in both the hyperscalers and the picks and shovels over the course of a few quarters but I don't think that will happen anytime soon the challenging aspect of buying Nvidia in my opinion is that if everyone is aware their growth will slow down in six quarters when do you leave of coup
댓글 0