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The world's largest AI event, 'NVIDIA GTC 2024,' will be held on March 18! Will Nvidia's stock price skyrocket again?

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moomooニュース米国株 wrote a column · Mar 14 01:12
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)。
Why is NVIDIA GTC important?
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.
NVIDIA GTC Period Rate of Gain and Loss
NVIDIA GTC Period Rate of Gain and Loss
Is NVIDIA's stock price too high?
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.
Where exactly is Nvidia's moat?
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.
The world's largest AI event, 'NVIDIA GTC 2024,' will be held on March 18! Will Nvidia's stock price skyrocket again?
「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.
Check out the latest target stock price for Nvidia!
The world's largest AI event, 'NVIDIA GTC 2024,' will be held on March 18! Will Nvidia's stock price skyrocket again?
Source: NVIDIA IR, Business Insider, Seeking Alpha, The Fly, Mainichi News, Nikkei Crosstech, Semianalysis
- moomoo News Japan Stocks Citron
This article uses auto-translation in some parts.
The world's largest AI event, 'NVIDIA GTC 2024,' will be held on March 18! Will Nvidia's stock price skyrocket again?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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