Nvidia GTC: 'There's no one else in the AI market' like Nvidia

00:00 Speaker A

We got to speech a small Nvidia, the lone subordinate of the magnificent 7 successful the greenish pre-market this morning. It comes arsenic the tech giants GTC AI league kicks disconnected successful San Jose, but our adjacent impermanent isn't definite that this volition beryllium capable to drawback the tech way here. Ahead of CEO Jensen Huang's highly anticipated keynote code tomorrow, we person Maribel Lopez. Lopez Research laminitis for much connected what to expect from the conference. Maribel, acknowledgment for taking the clip this morning. What are you going to beryllium looking retired for?

00:43 Maribel Lopez

I'm looking retired for Jensen's treatment of the adjacent question of station Blackwell chips and however that's going to alteration america to get to different higher level categorization of AI beyond wherever we are today. I deliberation that's what he's gunning for tomorrow.

01:15 Speaker A

And and bash you deliberation that that is going to beryllium capable to pb to a important betterment successful the banal conscionable fixed the magnitude of selling that we person seen from Nvidia shareholders?

01:47 Maribel Lopez

What I spot wherever they are close present is truly Nvidia is the champion crippled successful municipality if you're looking for investing successful AI, they're the institution that sells the picks and shovels. Everybody's going to proceed to bargain them for the foreseeable future. Uh but there's inactive rather a spot of treatment astir however bash we get backmost to uh truly utmost maturation and amended margins for Nvidia. So I deliberation there's going to beryllium immoderate treatment successful the capitalist assemblage astir however bash we navigate that.

02:44 Speaker A

And truthful with that successful mind, you you admit what is the large information for investors, which is the the maturation ramp and past the stalling out. And past the different broadside of that is, okay, the deceleration. What benignant of deceleration are you anticipating present wrong that maturation fig and and however that benignant of measures up to immoderate of the capitalist expectations?

03:26 Maribel Lopez

So wherever we are close present is the Blackwell spot ramp is backmost connected track. They are really pulling that successful significantly. It's had immoderate interaction connected their margins, but they're going to merchantability done connected that and they're looking astatine the adjacent generations. What we spot needing to hap moving guardant successful this abstraction is there's a 10x show betterment that volition get america to the adjacent question beyond reasoning oregon adjacent much reasoning wrong an AI. AIs talking to AIs. But that is not a short-term maturation ramp. That is not thing that you could spot truly happening successful the 2025 clip frame. That's going to beryllium the adjacent question successful 2026. So I deliberation it's going to beryllium a unsmooth navigation play successful between. But the world concern is Nvidia is selling everything it tin marque close now. So therefore, person we priced successful that everything that they tin marque close now, that's a spot unclear. So we'll person to spot however the investors are feeling astir bash they deliberation that there's much imaginable upside for the hyperscalers. The hyperscalers person been precise wide that they are going to physique to endeavor demand. They're not going to overbuild for demand. So really, I deliberation we won't cognize the reply to this question until we commencement to spot however companies similar uh Microsoft, AWS, Google, IBM, however they're really positioning what's going connected with AI successful the enterprise.

05:35 Speaker A

And Maribel, I perceive you coating benignant of a longer word bull lawsuit for Nvidia, but I conscionable wonderment what's going to get america backmost to the anterior all-time precocious that we had successful mid-February. Are immoderate of the merchandise announcements and the longer-term plans going to beryllium capable for investors to retrieve immoderate of what they've mislaid by holding Nvidia successful the abbreviated term?

06:17 Maribel Lopez

I deliberation successful the station keynote aft tomorrow, there's going to beryllium tremendous enthusiasm for the aboriginal of Nvidia due to the fact that Jensen does archer the communicative of however AI volition germinate precise successfully. He's done that successful each of his conferences. Uh but the world of the substance is we've been precise assertive connected Nvidia banal and we've been precise assertive arsenic a marketplace connected AI successful general. And present we're astatine that rubber meets the roadworthy standpoint wherever volition existent buyers beryllium buying capable of unreality computing AI exertion to really support this question going? And I deliberation we've got a bully six months wherever there's inactive a lag betwixt what we privation to person hap and what buyers are really buying.

07:33 Speaker A

And truthful considering the run-up that we've seen and appreciation successful the stock terms for Nvidia implicit the people of the larger AI theme, is that inactive the champion successful people commercialized for that theme?

08:04 Maribel Lopez

If you're looking astatine AI, they really are the radical that merchantability AI technology. Every azygous hardware vendor is lasting up strategies astatine GTC implicit the people of this week to speech astir however they're moving successful with Nvidia, however they're putting Nvidia successful their stack. So I deliberation that they're going to proceed to person precocious merchantability done connected their apical enactment for their products. There's nary 1 other successful the AI marketplace that is doing the benignant of AI income that Nvidia has been doing, but that's astatine a spot level. I mean, everything beyond that is similar goes from chips, past it goes to cloud, past it goes to software, and we are conscionable not astatine the bundle level yet. So close now, Nvidia seems to beryllium the crippled to beat.

09:17 Speaker A

Another imaginable catalyst from video is Quantum, and we spoke with the CEO of D-Wave astir their net and their quantum supercomputer. To what grade bash you spot quantum computing arsenic a imaginable tailwind oregon headwind for Nvidia, particularly fixed immoderate of that contention that we're seeing?

10:03 Maribel Lopez

Quantum is different 1 of those categories that fits into much of a agelong crippled strategy. I perfectly judge that quantum volition happen. We've seen tremendous advancement from each of the companies that are gathering quantum this year, adjacent uh having said that, astir organizations are doing quantum for the probe community. It's a agelong pb clip from the probe assemblage retired into the wide enterprise. So I don't deliberation that this is truly going to beryllium driving important gross maturation for anyone successful tech for immoderate time.

11:04 Speaker A

All right, Maribel, we got to permission it there. Thanks truthful overmuch for joining us.

11:11 Maribel Lopez

Thank you.