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Nvidia Set to Benefit as SK Hynix Targets Double-Digit DRAM Sales from AI Chips in 2024
https://www.benzinga.com/news/24/03/37954853/nvidia-set-to-benefit-as-sk-hynix-targets-double-digit-dram-sales-from-ai-chips-in-2024
Didn't know Musk would spread such a rumor 'cause that's where I got it from in addition to my local Tesla shop
There FSD run has started
I'm with Cathy on this one, buying with both fists. The second half of this year will explode imho
With the current tailwind to NVDA specifically but also the entire tech sector I see a very good chance for a nice bump. The second half of the year leading up to the election could be gangbusters as it normally is. On top is probably a couple of interest cuts. I'd guess a split could come around $1k and be about 10-1. At $100 or so per share it's phsycologically cheaper (positive) and phsycology is an important trading component.
Two poker players
Nvidia debuts 'more intelligent' AI-powered robots; truly self-reliant bots 'further out'
The Figure 01 robot with OpenAI's GPT AI went viral after its 'uncanny' public demo this month
By Peter Aitken Fox News
Published March 24, 2024 4:00am EDT | Updated March 24, 2024 2:00am EDT
Tech firm Nvidia continued to pursue its pivot from hardware producer to artificial intelligence (AI) developer with the debut of its new robot project after the Figure 01 demonstration.
"With advances in generative AI, there has been a steady stream of developments across the ecosystem where foundation models for robotic tasks have shown the ability to improve the productivity and performance of robotics developers," David Pinto, a senior PR manager at Nvidia, told Fox News Digital.
Nvidia debuted its robot as part of Project GR00T, a major upgrade to Nvidia’s AI initiatives and a significant step deeper into the AI field overall. The project will focus on developing "foundation models," or generative AI that uses self-supervised learning rather than external instruction or training.
Nvidia CEO Jensen Huang showcased a number of robots, including small knee-high Star Wars-themed Disney robots, at the company's GTC conference last week. The GR00T, or Generalist Robot 00 Technology system, is built to handle the operation of robots.
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during the Nvidia GPU Technology Conference in San Jose, Calif., March 18, 2024. (David Paul Morris/Bloomberg via Getty Images)
"These productivity gains extend from developing code for the robots to generating new simulations to test and train the robots in unstructured environments," Pinto said.
"For the robotics industry to scale, the robots themselves have to become more generalizable. That is, they need to add skills more quickly or to bring these skills to new environments," Pinto explained. "Project GR00T is an important initiative in this direction to advance humanoid robots in multiple embodiments.
"The foundation models will make the robots better understand complex environments and execute a breadth of robot skills and tasks in both simulation and real world."
Pinto did not address concerns over making advances in robots with AI models running their operations even as large language models (LLM) continue to develop issues, such as the ongoing issue with "hallucinations," in which AI models produce nonsensical results. Pinto did, however, note that "true general-purpose embodied autonomy is further out."
Nvidia’s robot utilizes a new computer system called Jetson Thor, which is designed to perform complex tasks and interact "safely and naturally with people and machines," including a "system-on-a-chip" to handle the immense demands on processors to run AI models.
Nvidia first assumed a central role in the space through its chip manufacturing, with countries and companies seeking to buy up all the semiconductor chips and microprocessors on the market following public engagement with ChatGPT and mainstream attention on AI models and platforms.
The company’s revenue rose 206% over the prior year in its last quarter of 2023 due to the surge in AI interest and demands. The United Kingdom, for example, pledged to spend hundreds of millions of pounds to purchase chips for researchers and developers to pursue breakthroughs and remain at the cutting edge of the industry as nations jockey for a leading role in AI.
The company’s pivot to AI development outright started late 2023 and largely flew under the radar until The New Yorker published an article looking at Huang’s efforts to unify Nvidia’s computer graphics research with its generative AI research.
Seeing how AI became the company’s biggest revenue source after nearly a decade of riding off the success of selling chips for gaming computers, leadership has started showcasing more of the AI-focused projects in development, including with robots.
"We are already seeing robots becoming more intelligent and capable of performing multiple useful tasks in a given environment with Isaac Perceptor bringing in advanced AI capabilities for mobile robots and Isaac Manipulator for industrial manipulation arms," Pinto said of Nvidia’s robot efforts.
"There’s continued focus on mission-specific problems while making them more generalizable for various industries and use cases."
OpenAI last year partnered with robotics company Figure to add its GPT model to the Figure 01 robot, which earlier this month set the internet abuzz with a public demo.
The robot provided overly realistic responses and movements, seemed able to distinguish between organic and inorganic matter and explained the nuances of its decisions. Some outlets described the robot’s actions as falling into the "uncanny valley," where the ability to distinguish between authentic and synthetic becomes almost impossible.
Figure 01 is less than two years old but managed to persuade the likes of Amazon founder Jeff Bezo to invest heavily. Nvidia also has invested in Figure, according to The Associated Press.
"If we can just get humanoids to do work that humans are not wanting to do because there’s a shortfall of humans, we can sell millions of humanoids, billions maybe," Figure CEO Brett Adcock told The Associated Press last year.
Just got FSD 12.3 and it's unbelievable. Drove 30 miles without any takeovers, felt like a robotaxi! To me its level 5 and when people realize this is going to explode upwards.
$2,762.12 high analyst target, 🤔
Even half of that would be great!
Expect a split at $1k
TESLA TRIMS OUTPUT OF CARS IN CHINA AMID SLOWER EV SALES GROWTH - BLOOMBERG NEWS Source text: https://tinyurl.com/49xa5593 Further company coverage:
Fake news, majority of last Q Revenue and Profit came from Car sales.
Revenue: Total revenue increased by 3% year-over-year (YoY) in Q4 to $25.2 billion, with a 19% YoY growth for the full year.
Net Income: GAAP net income reached $7.9 billion in Q4, a significant increase compared to the previous year.
Earnings Per Share (EPS): Diluted GAAP EPS for Q4 stood at $2.27, marking a substantial rise from the previous year.
Free Cash Flow: Free cash flow was strong at $2.1 billion in Q4, contributing to a total of $4.4 billion for the year.
Operational Efficiency: Cost of goods sold per vehicle declined sequentially in Q4, showcasing Tesla's focus on cost efficiencies.
Production and Deliveries: Tesla achieved a record production and delivery of vehicles in 2023, with over 1.2 million Model Ys delivered, making it the best-selling vehicle globally.
Energy Storage: Energy storage deployments doubled YoY, reaching 14.7 GWh in 2023.
The only company growing Revenue and Profit in the EV market is Tesla and now with Oil companies converting gas stations this conversion train won't stop. Bodes well for Tesla even though Q1 might not be fantastic as a stand alone it will be fantastic when measured against its peers.
Really?
Let's see, read all the news
It's coming
Nvidia unveils flagship AI chip, the B200, aiming to extend dominance
6:11 PM ET, 03/18/2024 - Reuters
(Adds software announcement, analyst comments, updates shares, paragraphs 1-3, 7-8, 12-13, 15)
By Max A. Cherney and Stephen Nellis
SAN JOSE, California, March 18 (Reuters) - A rtificial-intelligence semiconductor powerhouse Nvidia on Monday unveiled a flagship AI chip, the Blackwell B200, saying it is up to 30 times speedier than its previous chip.
Chief Executive Jensen Huang, kicking off the company's annual developer conference, also launched a new set of software tools designed to help developers sell their artificial-intelligence models more easily to any company that uses Nvidia. Nvidia's chip and software announcements at GTC 2024 will help determine whether the company can maintain its leadership position as the dominant seller of AI equipment. Nvidia had a roughly 80% share of the data center AI chip market last year.
"I hope you realize this is not a concert," Huang, wearing his trademark black leather jacket, said after taking the stage, in a nod to the rising profile of his company.
The B200 takes two chips the size of Nvidia's previous offering and binds them together into a single chip.
The new chip has 208 billion transistors, more than double the 80 billion on the company's previous chip. All of those transistors can access the memory attached to the chip at nearly the same time, improving productivity.
Tom Plumb, CEO and portfolio manager at Plumb Funds, which has Nvidia as one of its largest holdings, said the Blackwell chip was not a surprise.
"But it reinforces that this company is still at the cutting edge and the leader in all graphics processing. That doesn't mean the market is not going to be big enough for AMD and others to come in. But it shows that their lead is pretty insurmountable," said Plumb.
Insider Intelligence analyst Jacob Bourne said Nvidia could solidify its AI dominance. "However, rivals like AMD, Intel, startups, and even Big Tech's own chip aspirations threaten to chip away at Nvidia's market share, particularly among cost-conscious enterprise customers," he said.
Nvidia said major customers, including Amazon.com, Alphabet's Google, Meta Platforms, Microsoft , OpenAI, Oracle and Tesla, are expected to use the new chip.
Nvidia also is shifting from selling single chips to selling total systems. Its latest iteration houses 72 of its AI chips, 36 central processors and contains 600,000 parts and weighs 3,000 pounds (1,361 kg).
Though Nvidia is widely regarded as a chip designer, the company has built a significant battery of software products as well.
The new software tools, called microservices, improve system efficiency across a wide variety of uses, making it easier for a business to incorporate an AI model into its work, just as a good computer operating system can help apps work well.
Nvidia's shares have surged 240% over the past 12 months, making Nvidia the U.S. stock market's third-most valuable company, behind only Microsoft and Apple.
Nvidia stock dipped 1% in extended trade on Monday, while Super Micro Computer, which makes AI-optimized servers with Nvidia's chips, fell 4%. Advanced Micro Devices stock dipped nearly 3% during Huang's keynote address.
Its stellar 12-month rally leaves Nvidia's stock at risk of plummeting back to earth if the Santa Clara, California, company fails to expand its AI business as much as investors expect.
Nvidia's market share is expected to drop several percentage points in 2024 as new products from rivals such as Intel and Advanced Micro Devices hit the market.
Huang spoke at a Silicon Valley hockey arena to accommodate its largest crowd for its annual conference.
Huang also announced partnerships with design software companies Ansys, Cadence and Synopsys . Shares of the three companies jumped around 3% in extended trade following Huang's comments.
Buying opportunity as it'll double from here
Pullback?You have no idea what next week will bring but here's a hint: $1500 real soon
Oracle tops quarterly profit estimates on AI demand, shares surge
7:16 PM ET, 03/11/2024 - Reuters
(Updates shares in paragraph 1, adds stock milestone in paragraph 2)
By Harshita Mary Varghese
March 11 (Reuters) - Oracle said on Monday it is set to make a joint announcement with chip-giant Nvidia , and it beat estimates for quarterly profit, riding on the generative AI demand boom, sending shares up nearly 14% in extended trading.
The late-day rally in Oracle's shares added more than $40 billion to its stock market value.
The 46-year-old database giant has been trying to reinvent itself as a cloud-computing provider by offering services cheaper than those of rivals such as Amazon.com.
It has tried to drum up demand for its subscription plans through partnerships with rival Microsoft and AI chip leader Nvidia, which makes chips that power supercomputers and can be used by customers of Oracle's cloud service.
"We expect to continue receiving large contracts reserving cloud infrastructure capacity because the demand for our Gen2 AI infrastructure substantially exceeds supply — despite the fact we are opening new and expanding existing cloud datacenters very, very rapidly," CEO Safra Catz said.
Oracle executives mentioned Nvidia at least three times during their call with analysts and said a joint announcement will be made in the coming week.
Excluding items, the company posted profit of $1.41 per share for the third quarter, up 16%, above LSEG estimates of $1.38 per share.
"While results for the quarter were merely in line with expectations ...investors are excited about the new business Oracle won during the quarter," said Gil Luria, a research analyst at D.A. Davidson.
Remaining Performance Obligations, the most popular measure of booked revenue, was up 29% compared with a year earlier, which bodes well for the upcoming results, Luria said.
However, revenue of $13.28 billion for the three months ended February 29 was below analysts' average estimate of $13.30 billion.
For the current quarter, Oracle forecast revenue growth to be in the range of 4%-6%, which was below analysts' average estimate of about 6.5%, according to LSEG data. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Krishna Chandra Eluri)
Archived, let's see how this ages
NVDA is sued over copyright infringement. BS lawsuit or any author could sue anyone who read their book and learned from it and used that knowledge to write other books or make that knowledge available to others.
$450 by May, hockey
Yes!
The very rare tremendous call volume points to another huge move up as big money controls the price.
$1500
Cathie Wood Revised 5-year price target for Tesla is now higher than $2,000!
We do
Hence, NVDA is the brain
Didn't i just say that? 😃
We're in an election year so watch for the courrent admin use all tools to prop up the market. Next year depends on who is the prez but the rest of this year should see a rally, especially in tech
$26b cash on hand, this is going higher
Agree
Agreed, this is healthy.
Agreed. If they cut interest rates, possibly combined with a split, $1500 in the cards this summer
Then again it's not necessarily all about hardware
Cathie Wood and Ark Invest bought 63,355 more shares of Tesla $TSLA today