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-- 8.390 The world's largest AI event, 'NVIDIA GTC 2024,' will be held on March 18! Will Nvidia's stock price skyrocket again?
USA's nvidiaFrom March 18 to 21 (USA time), NVIDIA is planning to hold the world's largest AI and GPU conference, "GTC 2024".According to veru inc, "GTC 2024" will include a keynote speech by CEO Jensen Huang, over 900 sessions, more than 300 exhibits, and over 20 technical workshops covering topics such as advanced AI technology showcases.
Among these, CEO Jensen Huang's keynote speech is scheduled on March 19th (Tuesday) at 5:00 AM (Japan time).
During this event, CEO Jensen Huang will be giving a keynote speech.On March 19th at 5:00 AM (Japan time)。
During this event, CEO Jensen Huang will be giving a keynote speech.On March 19th at 5:00 AM (Japan time)。
According to market participants, at this GTC, the next-generation architecture is"Blackwell"、new chip "B100"、Humanoid robotsInformation about is expected.
Blackwell is expected to be adopted in the 2024 and 2025 roadmap, using TSMC's 3nm process. The B100 and GB200 chips of interest are also expected to adopt this architecture.
NVIDIA is expected to announce the Blackwell GB100 chip at this GTC conference. The B100 is expected to have twice the performance of its predecessor, a 25% increase in storage capacity, and is expected to incorporate a dedicated accelerator module. The chip is expected to be a powerful tool for training and inference of large language models (LLMs), and may become a pillar of NVIDIA's revenue in 2025.
Regarding humanoid robots, various sessions will be held at this GTC from robot operation, navigation, perception, computation, simulation/synthetic data, etc. In a recent interview, Mr. Juan revealed that the basic robot model may be introduced next year.
Also, mentions of the new inference platform, chips and software business progress for in-vehicle use with MediaTek are also expected.
On the 8th, Nvidia's stock price experienced a sharp drop, the largest in 9 months, after 7 business days. Cathy Wood predicted and warned that growth would slow down in the current quarter due to intensifying competition in AI chips and supply catching up, and referred to Nvidia as the Cisco of the AI boom.
On the other hand, Shawn Kim, an analyst at Morgan Stanley, pointed out that the current AI boom is still in its early stages and has not yet reached the level of the 1999 dot-com bubble.
The dot-com bubble began in December 1994 and peaked in March 2000. Cisco's revenue growth rate during the dot-com bubble was 59%, with an estimated PE of 138 times. Currently, Nvidia's PE is only 30 times, with a revenue growth rate of 90%.
From a valuation perspective, it is not considered that Nvidia is close to the top in the long term.
In the fourth quarter of the fiscal year 2024, Nvidia achieved revenue of $22.1 billion and a gross profit margin of 76% (GAAP). Wall Street investors, even if Nvidia's stock price is currently not considered 'expensive', are concerned whether the company can maintain such high levels of revenue growth and profit margins amid increasing competition from rivals and customers.amidst the increasing offensive from competitors and customers, the company is concerned about whether it can maintain such high levels of revenue growth and profit margins.
Mr. Juan recently stated at a lecture at Stanford University,From the perspective of data center operations, even if competitors provide chips to customers for free, the total cost of ownership (TCO) will be higher than using Nvidia." and commented.
Technology analyst Aaron Rakers stated that there are currently 4.8 million developers using CUDA GPUs. Nvidia CFO Kress mentioned, "The CUDA development platform has been around for nearly 15 years, and Nvidia has both backward and forward compatibility for everything run on GPUs", pointing out that "the CUDA programming paradigm and stack are deeply embedded in the AI ecosystem".
Furthermore, by leveraging the huge demand for its own GPUs and the superiority of the platform, Nvidia is accelerating the deployment of businesses such as DGX, NIC, switches, optical components, and more.
「Nvidia is not just a company that sells chips, but a company that provides data center solutions."Building a platform is a different process from making chips. Our focus is on providing various components such as computing infrastructure, network infrastructure, memory, etc., at every data center level," emphasized the company's management.
Source: NVIDIA IR, Business Insider, Seeking Alpha, The Fly, Mainichi News, Nikkei Crosstech, Semianalysis
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This article uses auto-translation in some parts.
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masaru64 : There are many reasons why it can be achieved, but I can't find a reason why it cannot be achieved.
ししぽん : Considering that AI will be introduced to almost all industries in the future world, the cloud business will also have a large role ratio as an enterprise data center, and an unlimited number of CPUs and GPUs that can be generated along with huge data accumulation (storage) capacity will be required.
Since we are still in a situation where the future cannot be seen, stock prices are at a standstill, but if various AI are realized and put into practical use, NVIDIA stock might be a launch gimmick?
田中一郎22 : “From a data center operation perspective, even if competitors provide chips to customers at no cost, the final cost of operation (TCO) will be higher than the cost of using NVIDIA.”![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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いい野菜♫福来る♡♡ : Cathy is jealous of NVIDIA. There are always only negative market comments.
The rise in semiconductor AI is likely to calm down at the end of fiscal year 2100
ズォ太郎 : Maybe now is your chance to buy in the spotlight?
glodenman : I look forward to it![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
R7038XX : If you look at it from a long-term perspective, I don't see any reason to lower it!
tret : Opportunity to buy more
pinkotu : Can we ignore that the external environment is getting worse? How far do you push the push line?