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May 25, 2023
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by the way, jensen was in on that in 2017 jensen knew. he had the cards when all wall street -- all of them, finally came around to generative artificial intelligence they were so far behind him we're now in a new age of computing. hence the biggest percentage gain for a giant company in the whole history of the market. ♪ hallelujah ♪ >> the house of pleasure >> nvidia's the rescue mutt in -- well, he's in dog heaven right now. and nvidia the shareholders' base as my late mom would say, they're in heaven on earth frank in michigan. frank! >> caller: mr. cramer. i'm so excited to speak with you. thank you for taking my call >> absolutely. >> caller: first i want to give you a quick tip. go long on the detroit lions this year. they're going to be the nvidia -- >> you're the second person that's told me in the last day i'm going to have to be a believer of that what's going on? >> caller: i initially bought shares in bj wholesale at 28 bucks and have been adding shares on every large pullback and it's been working out pretty good with th
by the way, jensen was in on that in 2017 jensen knew. he had the cards when all wall street -- all of them, finally came around to generative artificial intelligence they were so far behind him we're now in a new age of computing. hence the biggest percentage gain for a giant company in the whole history of the market. ♪ hallelujah ♪ >> the house of pleasure >> nvidia's the rescue mutt in -- well, he's in dog heaven right now. and nvidia the shareholders' base as my late mom...
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May 24, 2023
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then there are some comments i'll be looking for from jensen haung and china. he said yesterday the u.s. tech industry is in for enormous damage if china doesn't rebound. intel down 14%, amd down 22% yes, ai is the high. yes, ai requires the h-100 chip from nvidia, but will that be enough to drive growth in the quarter and in the subsequent quarters in the near term? >> we can't wait to see you in "overtime. we'll see you in a bit kristina partsinevelos, get ready for what's the biggest earnings report of the season. mike santoli, bespoke always has great information. the stock nvidia, has been up 90% plus in the six months leading up to an earnings report five other times on the five earnings reaction days that followed, nvidia was up four times out of the five. huge moves and not really a sell on that news. >> no. momentum is a real phenomenon in markets, both price momentum and fundamental momentum and story line momentum. i think that's one of the things it tells you what's fascinating is the way this stock has so massively repriced at a time when earnings
then there are some comments i'll be looking for from jensen haung and china. he said yesterday the u.s. tech industry is in for enormous damage if china doesn't rebound. intel down 14%, amd down 22% yes, ai is the high. yes, ai requires the h-100 chip from nvidia, but will that be enough to drive growth in the quarter and in the subsequent quarters in the near term? >> we can't wait to see you in "overtime. we'll see you in a bit kristina partsinevelos, get ready for what's the...
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May 24, 2023
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but i think that jensen is saying that, as you mentioned, we're hurting ourselves. she's saying, look, we're trying to make it so if taiwan -- the unthinkable happens, we're still strong, which is both republican and democrat position, which is one of the reasons why she's been, david, so successful >> yeah. >> she speaks to republicans i mean, actually, like, hi >> she does, yes not the premier in china >> no. that's -- >> that's also xi. >> i have her on speed dial. >> listen, a thawing would be a very positive unexpected thing if there was one to occur. >> you think it would be positive >> for the markets and business, of course it would this is a number one concern of, as we say, of ceos we've said it many times we heard it here along with now, generative a.i. and how that's going to change your business and what you need to do. but the relationship with china, between this country and the -- well, the relationship and/or
but i think that jensen is saying that, as you mentioned, we're hurting ourselves. she's saying, look, we're trying to make it so if taiwan -- the unthinkable happens, we're still strong, which is both republican and democrat position, which is one of the reasons why she's been, david, so successful >> yeah. >> she speaks to republicans i mean, actually, like, hi >> she does, yes not the premier in china >> no. that's -- >> that's also xi. >> i have her on...
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May 25, 2023
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this is jensen huang talking about a.i. on the call last night. >> we've seen in a lot of places now that you can't reasonably scale out datacenters with general personal computing and that accelerated computing the is path forward and now it's got a killer app called generative a.i., so the easiest way to think about that is your trillion dollar infrastructure, every quarter's capex budget would lean very heavily into generative a.i., accelerated computing infrastructure, everywhere from the number of gpus that would be used in the capex budget to the accelerated switches and accelerated networking chips that connect them all >> jim, this morning, the goldman desk says it's probably the best tmt print they've seen since zoom in 2020 >> i think that's wrong. zoom in 2020 was aided by illness. this is just brilliance. and the calm nature of this man and his humility is so stark with what's occurring, and even just his -- the way he was speaking in somewhat of a flat way. he will not be in anyone's face, but to translate for
this is jensen huang talking about a.i. on the call last night. >> we've seen in a lot of places now that you can't reasonably scale out datacenters with general personal computing and that accelerated computing the is path forward and now it's got a killer app called generative a.i., so the easiest way to think about that is your trillion dollar infrastructure, every quarter's capex budget would lean very heavily into generative a.i., accelerated computing infrastructure, everywhere from...
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May 31, 2023
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they don't talk to jensen. you have to -- like, jensen is still in control of everything jensen huang from nvidia what by the way -- >> just, do you ever listen to -- he's still in control of everything >> look. i've never seen anything like it, okay i've never seen one person -- look, he is the keys to the kingdom. these cards are gold and no one else has them intel doesn't. nobody so, what do you do if you have a monopoly you get lina khan. it's a natural monopoly. it's like rockefeller. >> the conversation is broadening with huang's comments about intel and whether or not you can have intel compete with tsm to some degree >> could be. i mean, intel makes cpus remember, in the old configuration, 95%, the datacenter was cpu and 5% was gpu. and now it's flipped so, intel really doesn't need so much foundry space they're only 5% in the new world. >> yeah, although they're going to be building a lot more of them >> why, because of gina raimundo chip act i proposed to jensen when i spoke to him last week, i need u
they don't talk to jensen. you have to -- like, jensen is still in control of everything jensen huang from nvidia what by the way -- >> just, do you ever listen to -- he's still in control of everything >> look. i've never seen anything like it, okay i've never seen one person -- look, he is the keys to the kingdom. these cards are gold and no one else has them intel doesn't. nobody so, what do you do if you have a monopoly you get lina khan. it's a natural monopoly. it's like...
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May 30, 2023
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jensen huang is in taiwan. he's been mobbed by spectators and people wanting rock star treatment. >> he gave a great speech. nvidia ceo unveils -- he presented use cases which i thought was important. one of them that was really important was the use case of how wpp, the advertising firm is using it i think there were a lot of people who felt wpp was a company that was disenfranchised. why do we need them? no it's the other way very important i thought both his speech and his amazing commencement address really just said, look, everything you thought about computing is over. 5% gpu, 95% cpu is now 95% gpu a lot of people are struggling, including cathie wood with how to value it. >> let's talk about how do you value nvidia the market at the open, if we stay at the current shares, it will be over a trillion dollar market value so we will add another one to that club with the likes of microsoft, amazon and apple. how do you value it? obviously there are those who would say this has gotten out of hand in terms of
jensen huang is in taiwan. he's been mobbed by spectators and people wanting rock star treatment. >> he gave a great speech. nvidia ceo unveils -- he presented use cases which i thought was important. one of them that was really important was the use case of how wpp, the advertising firm is using it i think there were a lot of people who felt wpp was a company that was disenfranchised. why do we need them? no it's the other way very important i thought both his speech and his amazing...
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May 18, 2023
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they were pals but it doesn't sound like they're pals now >> we have -- >> jensen is one of the most diplomatic people on earth you saw him with bill mcdermott. people should understand that was a service now -- you raise 50 points there. if you're in the same room as jensen, your stock goes higher >> yeah, kind of like with snow where the ba of a desk says, well, they had a.i. mentioned next to their name last night. >> it is like that there's one that we haven't talked about that has a.i. and cloud, and it's evaluated at nine times earnings. alibaba. >> they did report earnings. stock is up a bit. they're doing a spin >> on their cloud business >> well, parking lt of it, yes >> yeah, but you get a.i., whatever the government will give you in terms of a.i the stock is down? are you kidding me >> i saw it up three bucks earlier. >> that's just wrong david, you're getting their cloud business >> let's look at notes here. >> it's a pure play. >> they're also splitting the company up into all these different components, right? six major business groups. each of which will have an -- wil
they were pals but it doesn't sound like they're pals now >> we have -- >> jensen is one of the most diplomatic people on earth you saw him with bill mcdermott. people should understand that was a service now -- you raise 50 points there. if you're in the same room as jensen, your stock goes higher >> yeah, kind of like with snow where the ba of a desk says, well, they had a.i. mentioned next to their name last night. >> it is like that there's one that we haven't talked...
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May 30, 2023
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jensen is not about winning but being a good person. about staying humble hmm, maybe that's why so many investors don't seem to know about nvidia they're just not promotional enough jensen is running, but being prepared to stumble just like the rest of us i always say there's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer see you tomorrow "last call" starts now >>> hi, i'm brian sullivan tonight risk of extinction, hundreds of top tech minds sound a new alarm on ai. is an investing frenzy worth the risk not on target, the retailer losing 12 billion in value in the last few weeks, now another major store may be in the crosshairs can american business really ditch china? it may not be as daunting a challenge as you think china's kyle bass is here to lay it out. >>> could opec have a surprise up its sleeve? >>> a nightmare on the high seas look at that brutal waves
jensen is not about winning but being a good person. about staying humble hmm, maybe that's why so many investors don't seem to know about nvidia they're just not promotional enough jensen is running, but being prepared to stumble just like the rest of us i always say there's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer see you tomorrow "last call" starts now >>> hi, i'm brian sullivan tonight risk of extinction, hundreds...
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May 25, 2023
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and as you heard last night from jensen, the thing that most people focus on is how much the stock is up today. but, believe it or not, based upon the earning revisions today, the stock is cheaper on revenue and earnings, materially cheaper than it was yesterday. it's one of our biggest positions. it has been since december we're not doing anything with it today. this is going to be one of the primitives that drives ai in the same way we think about the primitives that drove the internet itself. >> i feel like you're one of the real thought leaders, brad, of sort of the investing game so for those and somebody like jim, and there are many jims out there who didn't own it, don't own it, and now we're wondering, man, i mean, what am i supposed to do now with a stock that is obviously going to be one of those incredible names as this ai transformative explosion happens? what do you tell people to do on a day like this? >> i love jim's humility and, you know, whether you're playing professionally or playing at home, one of the most difficult things about the investment game is behavioral
and as you heard last night from jensen, the thing that most people focus on is how much the stock is up today. but, believe it or not, based upon the earning revisions today, the stock is cheaper on revenue and earnings, materially cheaper than it was yesterday. it's one of our biggest positions. it has been since december we're not doing anything with it today. this is going to be one of the primitives that drives ai in the same way we think about the primitives that drove the internet...
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May 16, 2023
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anyone that would listen to jensen knew he had something special. people weren't listening some is he's inherently non-pro non-promotional. we couldn't see what he was saying, our brains aren't big enough. >> as for altman, david, it takes you back to musk altman is expected to tell regulators, at least the senate, that regulation is essential curious to see if his view dovetails with musk's. >> musk is amongst a number of leaders who called for a pause in the development from at least right here in terms of chatgpt 4. he is potentially launching his own service of some kind, xai. he was one of the most, if not the single most important investors in open ai yes, there's no doubt this is an important area to discuss with him, not the mention, of course, he's shared concerns that i have certainly shared as well in terms of what does this mean for humanity including will it actually be the end of humanity. so, yeah, just a few things to discuss. >> david, on that issue, jensen will tell you there -- everyone is working on guardrails i think in darker m
anyone that would listen to jensen knew he had something special. people weren't listening some is he's inherently non-pro non-promotional. we couldn't see what he was saying, our brains aren't big enough. >> as for altman, david, it takes you back to musk altman is expected to tell regulators, at least the senate, that regulation is essential curious to see if his view dovetails with musk's. >> musk is amongst a number of leaders who called for a pause in the development from at...
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May 23, 2023
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when jensen huang presented, i walk in a room and a guy says, hey, i'm cramer. no, i'm cramer jensen said he spent all weekend developing the philadelphia accent which he said was hard. by the way, remember how she felt >> the hbo show. >> kate winslet. she did a great job. >> i have to tell you, he was not concerned. he was more concerned about using the product for good and eliminating waste because that's what nvidia cares tremendously about. you couldn't detect whether it was me or not. >> how about the op-ed from pichai, pushing back on the idea that people want to make this about a competitive race, google versus microsoft that's not the most important thing going on. >> the google numbers are good, bing numbers are okay. i can argue that -- alphabet stock fully reflects the idea that it's not a two-horse, three-horse, four-horse. david, it's anybody who has the technology the going to find ways to make it so it's exciting >> don't forget, meta has released it in an open source fashion so there are people who can build on what has already been the computin
when jensen huang presented, i walk in a room and a guy says, hey, i'm cramer. no, i'm cramer jensen said he spent all weekend developing the philadelphia accent which he said was hard. by the way, remember how she felt >> the hbo show. >> kate winslet. she did a great job. >> i have to tell you, he was not concerned. he was more concerned about using the product for good and eliminating waste because that's what nvidia cares tremendously about. you couldn't detect whether it...
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May 25, 2023
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cited two things. >> jensen huang the ceo. >> they're just not a complete platform they're a networking, compute, software platform which is generative ai in a box b, we talked about the trillion dollar market that's going to update their entire cpu base that's the discovery information for the market that is driving the stock today. it gives you duration to the earnings >> everybody is thinking the same thing is it justified. what's the ramp look like moving forward? sure the stock could pull back from here. that was one of the views of stacy raskan who we spoke with take a listen. >> at some point we'll get di j digestions if you think about where we are, we're very early in the terms of both ai and accelerating computing. it's just getting started now. >> hard to put your arms around that concept it's just getting started now when you've witnessed, and we all have, witnessed these shares in all these companies go crazy. >> we spoke about this in prior weeks that we were in the early innings. think about the competition that these companies have from an investment perspective there's
cited two things. >> jensen huang the ceo. >> they're just not a complete platform they're a networking, compute, software platform which is generative ai in a box b, we talked about the trillion dollar market that's going to update their entire cpu base that's the discovery information for the market that is driving the stock today. it gives you duration to the earnings >> everybody is thinking the same thing is it justified. what's the ramp look like moving forward? sure the...
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May 31, 2023
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for jensen's gpus, not 15 billion, almost 100 billion on a single chip. >> oh, my god. >> much of that technology comes from applied >> do we have enough engineers in this country to help you? >> i think that's another big focus for us with this high velocity innovation center the super power of the united states is our university system. if you look across the tech ecosystem, most of those leaders, many of those leaders, some from the united states, some from outside the united states but the majority were educated in the united states. so this is our super power that's another big focus on this innovation center, we'll connect not only with the entire ecosystem and our customers, we will accelerate that super power of the university system for the u.s. and create this tremendous pipeline of new talent. >> i know a lot of people are cynical about the government but this chip sack seems like it's a great thing to keep the intellectual property we have in our country and do great things with it. >> no question it is a catalyst so i think there's two things. one is where you build chips
for jensen's gpus, not 15 billion, almost 100 billion on a single chip. >> oh, my god. >> much of that technology comes from applied >> do we have enough engineers in this country to help you? >> i think that's another big focus for us with this high velocity innovation center the super power of the united states is our university system. if you look across the tech ecosystem, most of those leaders, many of those leaders, some from the united states, some from outside...
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May 22, 2023
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. >> but jensen huang made the point to me, when i was at nvidia last time, that zuckerberg totally in the mix, that there's just no doubt about it that instagram, zuckerberg, all use jensen, trying to figure out how to integrate what jensen's created this company reports this week, and we're going to find out that jensen huang is having unbelievable numbers a lot of analysts have gone way ahead of what i would like the company to do in terms of what the expectations are zuckerberg's spending time where he needs to spend time this is where the money is and i think it's the money where instagram is being reignited reels has got tiktok on the run. i think this is a brilliant move by him, and yes, they'll still spend a lot of money on metaverse, but they won't spend a lot of time. he won't spend a lot of time i want to know whether new york needs anybody. i understand they have a big real estate footprint, and if they want to get out of it, we know that these contracts cost a lot of money to get out of, but why do they need anything in new york that's what i keep hearing nothing in new yo
. >> but jensen huang made the point to me, when i was at nvidia last time, that zuckerberg totally in the mix, that there's just no doubt about it that instagram, zuckerberg, all use jensen, trying to figure out how to integrate what jensen's created this company reports this week, and we're going to find out that jensen huang is having unbelievable numbers a lot of analysts have gone way ahead of what i would like the company to do in terms of what the expectations are zuckerberg's...
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May 31, 2023
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earlier this week in taiwan nvidia ceo jensen huang said their test chips, quote, look good, and that is noteworthy it is a small but significant signal to markets that pat gelsinger's grand ambitions may be working and the fact it comes from huang could do no wrong in investor's eyes, that is key here, too. it's a comment likely to please investors and lawmakers alike. intel is, of course, an american company. it could bring advanced chip making back home seen as a national security issue and counter the current dominance in samsung. now, to be clear, all we got from nvidia and huang was a small vote in confidence "the journal" reported they explored intel as a manufacturer but then backed off. nvidia, though, is america's most valuable semicompany. we were talking about it day after day, the latest entry in the club its business may ultimately matter more and it may pave the way for other companies that are also in need of chip supply chain diversification bringing that manufacturing back to america which intel wants to do. also helping shares today, carl mentioned this, comments fr
earlier this week in taiwan nvidia ceo jensen huang said their test chips, quote, look good, and that is noteworthy it is a small but significant signal to markets that pat gelsinger's grand ambitions may be working and the fact it comes from huang could do no wrong in investor's eyes, that is key here, too. it's a comment likely to please investors and lawmakers alike. intel is, of course, an american company. it could bring advanced chip making back home seen as a national security issue and...
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May 19, 2023
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and i was a little taken by surprise, because jensen is someone who's about the environment. he's about eliminating waste he's about kind of, i would say, a person of great conviviality you saw that this week with the ford interview but the essence of facebook is combat and what he said to me was, look, there's more to it than that, and that he talks to zuckerberg regularly, and i think that zuckerberg didn't even know where it was going, but just felt it was something he had to do >> we also, when we talk about this idea of regulation around it, when you release something in an open source manner that has that kind of -- that then allows the entire -- anybody at home to start, who's got expertise, to start building on it -- >> well, david -- >> this thing is completely out. musk said the other day to me as well, the idea of a pause, i just signed on to this thing i never thought they'd really pause. >> how about the musk part where he talked about the change in google it went the opposite that was a very powerful moment. >> yes he and larry page don't see eye-to-eye is what
and i was a little taken by surprise, because jensen is someone who's about the environment. he's about eliminating waste he's about kind of, i would say, a person of great conviviality you saw that this week with the ford interview but the essence of facebook is combat and what he said to me was, look, there's more to it than that, and that he talks to zuckerberg regularly, and i think that zuckerberg didn't even know where it was going, but just felt it was something he had to do >> we...
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May 30, 2023
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think the right way to look at it it's one quarter of $4 billion beat on their way to, you know, as jensen huang talked about, it needs to change over the next -- i don't know how many years. that's a very different calculus yeah, there's a lot of hype in the stocks, for sure it's reminiscent of, you know, a 3d printing bubble or some other bubbles, but in terms of the a.i. bubble, i think that -- it will become a bubble, i don't think it is yet. i think there's more to go i feel like we're early-ish on, and, i mean, you know, just -- if you look at what they announced -- not even their earnings, their new super computing ability -- that's the cloud on steroids at the beginning. and so, i -- you know, could it trade down 30, 40 points, up 30, 40 points, yes, it could but i think there's a lot more runway than just what happened in the last three months unwinding. i don't believe that's the end of the story >> here's what our friend over at bank of america merrill luynh put out this morning this is a new bull case for stocks guy. do you buy that thinking >> well, i mean, that's been the thi
think the right way to look at it it's one quarter of $4 billion beat on their way to, you know, as jensen huang talked about, it needs to change over the next -- i don't know how many years. that's a very different calculus yeah, there's a lot of hype in the stocks, for sure it's reminiscent of, you know, a 3d printing bubble or some other bubbles, but in terms of the a.i. bubble, i think that -- it will become a bubble, i don't think it is yet. i think there's more to go i feel like we're...
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May 10, 2023
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i understand initially they may have gone to nvidia and jensen huang has got partners, so i just think for this type of thing that alphabet, maybe it's got going for it >> google io is today. we'll be watching for news for developers >>> debt ceiling, by the way, the showdown continues the president and leaders met yesterday to discuss raising the limit as they seek to avoid a potential default as early as june, but he and speaker mccarthy do remain at an impasse. the speaker insisted on tying spending cuts to an increase officials have agreed to resume talks on friday, and more importantly, guys, the staffs will meet with even more frequency. that's lending some, i don't know, is it reassurance? probably too strong a word >> i think that the president dropped this 14.4. you look at the fourth corollary of the 14th amendment, it just says, basically, whatever the president wants to do on this, you must do. this is lauren stribe, whom i studied with at harvard. he's a brilliant man what he did was he changed his mind from 2011 >> i referenced that the other day. >> you've got this so ri
i understand initially they may have gone to nvidia and jensen huang has got partners, so i just think for this type of thing that alphabet, maybe it's got going for it >> google io is today. we'll be watching for news for developers >>> debt ceiling, by the way, the showdown continues the president and leaders met yesterday to discuss raising the limit as they seek to avoid a potential default as early as june, but he and speaker mccarthy do remain at an impasse. the speaker...
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May 28, 2023
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. >> jensen huang could come out and say ai a few more times. carter, for those who didn't see "fast money," what do you see in the charts here? did you want it -- when a stock makes such a big jump, is it possible that they've entered sort of a new range higher >> oh, sure. so if you think about any major rerating, when a stock drops and gaps 20%, an fda miss, mor people dying than living from the drug, or pops like this, up, it's a rerating. the stock has been -- and rightly so, because of news. i think they had -- sales were 60% above in the quarter what wall street was expecting. the question, though, is once you've been rerated, not 3% or 4%, 25, you typically stop there. when a stock drops and gaps that much or rises that much, it starts to churn. on an intermediate basis, and you notice that nvidia is really where it was yesterday, yesterday was the news, didn't do much today, it's likely to be here for quite some time, many, many weeks at least. >> well, brian, a little bit of a different experience here, you laid out a trade on nvidia l
. >> jensen huang could come out and say ai a few more times. carter, for those who didn't see "fast money," what do you see in the charts here? did you want it -- when a stock makes such a big jump, is it possible that they've entered sort of a new range higher >> oh, sure. so if you think about any major rerating, when a stock drops and gaps 20%, an fda miss, mor people dying than living from the drug, or pops like this, up, it's a rerating. the stock has been -- and...
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May 31, 2023
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interesting, too, because yesterday morning jensen huang praised intel and said we've received the chips >> he said they looked good. open to a partnership with intel. >> they make something that's necessary to our everyday life you shouldn't dismiss it but also shouldn't expect it will be a swing for the fences >> the other thing -- >> ugh -- >> i raised you up will let you digest that prepare yourself mentally for when that happens. crowd strike and salesforce, jason and joe. joe, you own both. they're after the bell one of these ai beneficiaries and you know benioff and company are going to say ai 3,000 times today on their call. >> a lot of the fundamental tail winds, it's all about cost efficiency i wonder how long the activists stay are they there for the long term and do they go to the exit >> crowd strike, what about that >> the reason why i added to that position was on a technical breakout got above the 200 interday moving average, above 137. the stock has now has that momentum for generative ai yesterday introducing the charlotte ai which you'll be able to ask the question how
interesting, too, because yesterday morning jensen huang praised intel and said we've received the chips >> he said they looked good. open to a partnership with intel. >> they make something that's necessary to our everyday life you shouldn't dismiss it but also shouldn't expect it will be a swing for the fences >> the other thing -- >> ugh -- >> i raised you up will let you digest that prepare yourself mentally for when that happens. crowd strike and salesforce,...
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May 17, 2023
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we're at the cusp of two stocks that matter, lisa su at amd and jensen huang at nvidia, those are the chips, particularly the h-100, which is the fundamental of a.i., which relearned the father of a.i. there was some nice hyperbole at some points in an unbelievable interview. >> he believes their a.i. at tesla doesn't get as much attention and that it will have its, so to speak, gpt moment, where they go to full autonomy at the push of a button or a software upgrade, and that will change the world as well claims that if they wanted to go to gpt, they could do that with all the computing power and the chips that they have another area we hit on that we've talked so often about at this desk and is interesting given "the journal" story yesterday about the fact that businesses seem to be unable to get workers back as much as they'd like them to in the office, is musk's belief, of course, that people should be working five days a week in the office, but he put a bit of a different perspective or certainly one that i have rarely heard on it. take a listen. >> i'm a big believer that people
we're at the cusp of two stocks that matter, lisa su at amd and jensen huang at nvidia, those are the chips, particularly the h-100, which is the fundamental of a.i., which relearned the father of a.i. there was some nice hyperbole at some points in an unbelievable interview. >> he believes their a.i. at tesla doesn't get as much attention and that it will have its, so to speak, gpt moment, where they go to full autonomy at the push of a button or a software upgrade, and that will change...
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May 24, 2023
05/23
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. >> i think today what will happen the 2023 market mvp, you're going to understand from jensen huang and management if we're able to validate in the form of some evidence these ex simts surrounding ai, it's not so much in the earnings that will be reported today, but i think it's more about the guidance we already know that there's been a slowdown in cloud spending that's going to impact the data center. that comes obviously through amazon and microsoft you'll see that slowdown -- >> maybe, maybe, maybe >> it really is about the energy and excitement that surrounds this name, and this is the name. this is the name, as i said before, i'll call it the mvp, 15% below its all-time high. i think it's getting there is it getting there today? i have no idea is it going to pull back listen, you're guessing on estimates. i think it's built up enough positive momentum that the stock will be okay even on a decline, but i think this is bigger than nvidia this is really about the thesis of ai and is it ultimately going to confirm this excitement >> what about this, weiss and what breyer said on t
. >> i think today what will happen the 2023 market mvp, you're going to understand from jensen huang and management if we're able to validate in the form of some evidence these ex simts surrounding ai, it's not so much in the earnings that will be reported today, but i think it's more about the guidance we already know that there's been a slowdown in cloud spending that's going to impact the data center. that comes obviously through amazon and microsoft you'll see that slowdown --...
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May 18, 2023
05/23
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chipmakers found in the sox etf, 40% are led by asian americans, with familiar names like lisa sue, jensen huang, and their tenures are longer than nonasian chip leaders and sighsee higher stock returns as well. the market cap is now larger than berkshire hathaway's at the moment asian american chip leaders saw their average stock returns increase 2,000% over their tenures, higher than other nonasian american executives specifically within the chip space. but when we move beyond the chip space, their representation diminishes, less than 5% of fortune 500 companies are run by asian american ceos. as it becomes more difficult to climb up the ladder, representation drops 41% from the corporate entry level to the c suite. all while inequality grows they may be overrepresented in tech and software related jobs, we talk about many leaders on our network, but they also are overrepresented with the lower paying jobs in america and that creates a divergence >> there is much greater than population share within a number of low wage occupations as well. some personal care occupations for instance and
chipmakers found in the sox etf, 40% are led by asian americans, with familiar names like lisa sue, jensen huang, and their tenures are longer than nonasian chip leaders and sighsee higher stock returns as well. the market cap is now larger than berkshire hathaway's at the moment asian american chip leaders saw their average stock returns increase 2,000% over their tenures, higher than other nonasian american executives specifically within the chip space. but when we move beyond the chip space,...
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May 11, 2023
05/23
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more than anyone to turn around their business and they've worked with jensen huang. >> i wonder if he's sorry he changed the name of the company. should we ask him? >> are you going to ask? >> he's got to be sorry that he did that >> is he sorry i mean, why? >> i mean, not sorry, but maybe regrets it a little? like, maybe i was moving a little too fast there? >> he's not going to -- >> maybe i got a little too taken with the metaverse >> there's no new coke going on here he tries very hard to say, listen, we're still losing a fortune. don't think we're done losing a fortune in metaverse we'll lose a fortune every quarter. he said that on the last call. i'm using the term, lose a fortune, because i'm convinced that when you drop $3 billion, that's -- >> that's a lot of money >> but he's been involved. look, the company, again, i don't want everyone to think that we're truly blasting the idea that every company has deepened a.i., because it's just not true >> no, i think the market's getting more discerning by the day. we talked about consumer pressures in retail. sonos is going to be the
more than anyone to turn around their business and they've worked with jensen huang. >> i wonder if he's sorry he changed the name of the company. should we ask him? >> are you going to ask? >> he's got to be sorry that he did that >> is he sorry i mean, why? >> i mean, not sorry, but maybe regrets it a little? like, maybe i was moving a little too fast there? >> he's not going to -- >> maybe i got a little too taken with the metaverse >> there's...
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May 26, 2023
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. >> our viewers if they've been watching jensen wang adding $6.5 billion yesterday, that's equal to a mark cuban or ralph lauren. the nvidia ceo worth $33 billion moves him up to 37 on the global billionaire list he's got a lot of cash and sold over $600 million worth of nvidia stock over the past two years. that last sale of his was in march of 2022. now this a.i. gold rush creating a huge amount of wealth for the big tech billionaires. the top ten adding more than $250 billion to their net worths this year. the biggest in dollar terms mark zuckerberg, doubled his wealth to $91 billion, back in the top ten. elon musk is up almost as much adding $41 billion on that tesla stock run. jeff bezos adding $33 billion to go along with his new yacht and new fiancee. bernard arnaout, who despite the lv stock pullback we saw this week he's up $27 billion for the year and still the world's richest person but musk now closing in, only $10 billion behind and the alphabet, larry paige and sergey brin, adding to their wealth sergi gifting $600 million of his shares probably to charity guys >> robe
. >> our viewers if they've been watching jensen wang adding $6.5 billion yesterday, that's equal to a mark cuban or ralph lauren. the nvidia ceo worth $33 billion moves him up to 37 on the global billionaire list he's got a lot of cash and sold over $600 million worth of nvidia stock over the past two years. that last sale of his was in march of 2022. now this a.i. gold rush creating a huge amount of wealth for the big tech billionaires. the top ten adding more than $250 billion to their...
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May 30, 2023
05/23
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general has gone so fast, and i think it's -- i think it's gotten too fast, too quick because, you know, jensen said, scott, on the call, that he thinks over the next ten years -- not over the next two, but he thinks that data centers essentially are going to be recycled and reclaimed using accelerated computing, but that's ten years out, and i think chatgpt captured all of our imaginations of what ai could do it clearly captured nvidia's market cap, but i think how companies monetize, how much double ordering was done with nvidia, we just won't know, and so i think a frenzy will happen, but as we know, frenzies last way longer than all of us ever expect. >> i love to try to get into the mind of an investor. i think our viewers would really like to channel the same i want you to listen to what josh brown, a longtime nvidia investor told us today on "halftime report" as he said he trimmed a quarter of his position listen >> basically you have arguably the best stock in the world, but it's 46% above its 50-day moving average. that's the sixth highest reading ever, and you just have to say to your
general has gone so fast, and i think it's -- i think it's gotten too fast, too quick because, you know, jensen said, scott, on the call, that he thinks over the next ten years -- not over the next two, but he thinks that data centers essentially are going to be recycled and reclaimed using accelerated computing, but that's ten years out, and i think chatgpt captured all of our imaginations of what ai could do it clearly captured nvidia's market cap, but i think how companies monetize, how much...
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May 26, 2023
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jensen huang from nvidia said this is the start of a ten-year cycle. i look back at a quote attributed to bill gates and some others that we tend to overestimate change in the short term and underestimate change in the long term and that tells me that i think last week i said we're in the middle innings of the price wave higher but long term there are big changes taking place but it's not just ai marvell themselves didn't participate in the 4g rollout but they have their hands in the 5g very well and you're with erickson and people moving away from huawei, marvell has been taking advantage of that 27% or 37% of their income comes from china, too. it's a well-positioned name. >> do you care and to what degree do you care, if any, about this divergence that we've seen, the great divergence, right, of the performance of the top-heavy stocks and then seemingly everything else and whether you think it's a broad market negative or if you see it differently? >> that's a great question i care a lot about it because we're positioned for it. that's what really m
jensen huang from nvidia said this is the start of a ten-year cycle. i look back at a quote attributed to bill gates and some others that we tend to overestimate change in the short term and underestimate change in the long term and that tells me that i think last week i said we're in the middle innings of the price wave higher but long term there are big changes taking place but it's not just ai marvell themselves didn't participate in the 4g rollout but they have their hands in the 5g very...
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May 30, 2023
05/23
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today, and was briefly part of the exclusive $1 trillion market cap club, and this is because its ceo jensen wong's keynote over the weekend outlined a slew of new products like an ai supercomputer, a partnership with one of the largest advertising agencies in the world, and a combo cpu or central processing unit with the graphics which is in full production right now the bottom line, nvidia wants fs investors to know it's working on increasing revenue from adje adjacent to that it's the index as well as the stocks and it has many, including kathy wood debating the valuation. however, bank of america points out today that only 15% of cloud servers can handle these super sped up accelerated computing which leaves a large total adjustable market for nvidia kelly? >> thank you it brings us to today's three-stock lunch. trading the trillion dollar club is david wagner. david, welcome back. it's good theo see you again. let's start with nvidia. are you a buyer here >> i like nvidia long-term here, but i think investors need to understand that price volatility may be the norm moving forward, espec
today, and was briefly part of the exclusive $1 trillion market cap club, and this is because its ceo jensen wong's keynote over the weekend outlined a slew of new products like an ai supercomputer, a partnership with one of the largest advertising agencies in the world, and a combo cpu or central processing unit with the graphics which is in full production right now the bottom line, nvidia wants fs investors to know it's working on increasing revenue from adje adjacent to that it's the index...
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May 15, 2023
05/23
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looking at ionq and i'm wondering what you think >> it's intriguing but losing money and i remember jensen saying quantum computing is where it will be but it's not there yet and they're losing too much for me to get behind but i like your sentiment there will come a time but not yet. mike in florida. mike >> caller: boo-yah, skee-daddy >> what's happening, mike. >> caller: sorry about your sixers there >> that was very tough whoa it was almost too tough there. how can i help what's going on? >> caller: so my question is about a company, it's a nuclear utility that is building and commissioning the first two reactors built in the last three decades in the united states my question and my company is -- what are your shouts on southern co >> i can't believe they got the plans done i got to hand it to them i still prefer american electric power. i think more of that by the way, i will tell you i think more of con ed than that because i don't like the construction risk but through with it and congratulations to them let's go to jerry in missouri. jerry. >> caller: hey, jim. you discussed there
looking at ionq and i'm wondering what you think >> it's intriguing but losing money and i remember jensen saying quantum computing is where it will be but it's not there yet and they're losing too much for me to get behind but i like your sentiment there will come a time but not yet. mike in florida. mike >> caller: boo-yah, skee-daddy >> what's happening, mike. >> caller: sorry about your sixers there >> that was very tough whoa it was almost too tough there. how...
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May 16, 2023
05/23
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why are you so convinced it's the bubble >> it's going to get so much bigger it will not stop until jensen huang is on the cover of "time" magazine, the same way cisco was at the top of the dot-com bubble >> i want to stop you there because in looking at all of this, we were thinking along the same lines as you in taking a look back at the, let's say, the height of the dot-com bubble, the peak steph, we made a wall. i want to show you where forward p/es were then versus where they are now for what we would call hot tech the qualcomms, the yahoos, the ciscos, look at those forward p/es in very early january of 2000 192 times forward for qualcomm 739 times for yahoo! 134 times forward for cisco. pull out a little bit and you will see where the ai, quote, unquote, stocks are today. alphabet is 22 times microsoft is 31. okay, nvidia is 63 amazon, 76 meta is almost 20. i'm not suggesting by saying this or showing any of our viewers this that today's valuations for these stocks are justified, but what i am saying is there's a big difference to where we were then and where we are now as we are th
why are you so convinced it's the bubble >> it's going to get so much bigger it will not stop until jensen huang is on the cover of "time" magazine, the same way cisco was at the top of the dot-com bubble >> i want to stop you there because in looking at all of this, we were thinking along the same lines as you in taking a look back at the, let's say, the height of the dot-com bubble, the peak steph, we made a wall. i want to show you where forward p/es were then versus...
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May 23, 2023
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it's over 50 we will see if they outweigh the multiple in the short-term, but it's hard to bet against jensen and his team. >> investigators h investors ha hard way i've got apple and microsoft and i don't see alphabet and meta, why? >> we're trying to find the companies we think are best position for ai, and right now that's apple and microsoft in our opinion. we also like amd and the entire digital semiconductor ecosystem. those are the names that will benefit. all these changes happening in ai is calling into question historic business models a real competitor to search with google and chatgpt we're going to see what happens at the application layer, but an area we're most excited about is the digital semiconductors because these guys provide the lynch pin technologies that enable the artificial intelligence to happen i don't know who's going to win at the application layer quite yet, and ai is so new, but i feel very confident these llms, large language models will be trained on gpus from nvidia and amd. those gpus will be manufactured at tsmc on top of machines from asml the machine is t
it's over 50 we will see if they outweigh the multiple in the short-term, but it's hard to bet against jensen and his team. >> investigators h investors ha hard way i've got apple and microsoft and i don't see alphabet and meta, why? >> we're trying to find the companies we think are best position for ai, and right now that's apple and microsoft in our opinion. we also like amd and the entire digital semiconductor ecosystem. those are the names that will benefit. all these changes...
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May 24, 2023
05/23
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stack challenge and taken them years to figure it out exactly 15 but despite all the competition, which jensen said is in every direction, he believes they're still the lowest cost solution, because you can't just buy one chip, you need to buy the entire architecture, and they believe they are doing it at the lowest cost at the top of the call, they said the ceo will go to taipei next week, of course, lock down those orders with tsmc >> kristina, thank you let's get more from chris roland great to have you with us. when i saw that huge guide higher, you think -- they're not going to guide higher unless you know they can hit at least that number, which is just staggering >> yeah, that's right. thanks, melissa. this is one of the biggest blowouts i've seen in the last decade in semis. and it's coming in contrast to virtually every other semiconductor company missing, so, this is a stark reminder that we are in the middle of a massive a.i. gold rush right now, and nvidia has all the picks and shovels. >> what should nvidia be valued at given this quarter and given the guide? >> well, people are s
stack challenge and taken them years to figure it out exactly 15 but despite all the competition, which jensen said is in every direction, he believes they're still the lowest cost solution, because you can't just buy one chip, you need to buy the entire architecture, and they believe they are doing it at the lowest cost at the top of the call, they said the ceo will go to taipei next week, of course, lock down those orders with tsmc >> kristina, thank you let's get more from chris roland...
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May 22, 2023
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can jensen and the team tell a story and deliver results that deliver there? also on tap for tomorrow, "overtime's" exclusive interview with adobe's ceo , on the outlok for software that will do it for "overtime." >> "fast money" begins right now. >>> right now on "fast," president biden, house speaker mccarthy meeting on the debt ceiling. the speaker saying the talks are at a sensitive point we'll get the latest from washington coming up. >>> plus, jamie dimon says the markets should get ready for rates to keep climbing he feels great about the next generation of leadership the details from the jpm investor day straight ahead. >>> and later, pfizer gets set to get into the obesity game new results in a pill form of their weight loss drug that they say may be as effective as the shot from ozempic. we'll go inside the numbers. >>> and foot locker getting kicked around again. a look at all the retail names getting dropped along with it. i'm melissa lee, this is "fast money," we're live at the nasdaq market site. and we start off with the latest blow to a straine
can jensen and the team tell a story and deliver results that deliver there? also on tap for tomorrow, "overtime's" exclusive interview with adobe's ceo , on the outlok for software that will do it for "overtime." >> "fast money" begins right now. >>> right now on "fast," president biden, house speaker mccarthy meeting on the debt ceiling. the speaker saying the talks are at a sensitive point we'll get the latest from washington coming up....
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May 11, 2023
05/23
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creating haikus with chatgpt late last year when it all burst into the fore but let's just remember that jensen wong, the ceo of nvidia, has been telling us for years now that this moment was coming. and it's still their tech that makes it all work. but nvidia doesn't make house cause. google and microsoft do. same goes for oracle and even salesforce in the end if you're running a company and you don't call someone about ai you're going to be considered a toto, meaning you're someone who will be willing to turn off the oxygen, and you don't want to be the one who totoed your own business i like to say there's always a bull market somewhere and i promise to try to find it just for you right here on "mad money. i'm jim cramer see momototoyoyou u rrow "last call" starts now >> hi, i'm brian sullivan, and elon musk has chosen his successor as ceo of twitter . who could the mysterious choice be? >>> and epa's power move emissions could turn out the light on the energy industry. jeremy diamond's broadside and short-sellers, are they the ones to blame for the beat down of banks takes. he was bested by
creating haikus with chatgpt late last year when it all burst into the fore but let's just remember that jensen wong, the ceo of nvidia, has been telling us for years now that this moment was coming. and it's still their tech that makes it all work. but nvidia doesn't make house cause. google and microsoft do. same goes for oracle and even salesforce in the end if you're running a company and you don't call someone about ai you're going to be considered a toto, meaning you're someone who will...
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May 8, 2023
05/23
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going on in the world and where they're made >> well, i'll tell you, it's funny you said that, because jensen huang is giving the keynote live at computex that's going to be in taiwan in, and it's going to be another one, may 29th last time he spoke, it was just breakthrough, and the whole group ignited. i think it's going to be the same >> that h-100 chip you've talked about, of course, that powers the latest large language models for artificial intelligence. and is extraordinarily expensive, because you have to buy so many of them to get the actual power if you want to do that >> one was $45,000 on ebay when i went to the -- >> these are companies buying thousands upon thousands of them, not the chinese, by the way, that are prevented from buying these highest-end chips >> they're not allowed to. alphabet is a customer we know that amazon. the thing that's so interesting is that i went in and i said, listen, does it really cost $45,000? i was hoping they would say, for you, jim, it would be. >> good price. >> do you need an h-100? you want to put one in the house? >> i thought an h-100 woul
going on in the world and where they're made >> well, i'll tell you, it's funny you said that, because jensen huang is giving the keynote live at computex that's going to be in taiwan in, and it's going to be another one, may 29th last time he spoke, it was just breakthrough, and the whole group ignited. i think it's going to be the same >> that h-100 chip you've talked about, of course, that powers the latest large language models for artificial intelligence. and is extraordinarily...