Motley Fool Money Nvidia’s “Burn the Ships” Moment
Aug 29, 2024
Tim Beyers, an investment analyst at The Motley Fool, joins Ricky Mulvey to unpack Nvidia's ambitious $50 billion share buyback amid its mixed earnings report. They discuss the soaring potential of Nvidia's data center business and its upcoming AI chips, while weighing the risks of advancing computing power. The conversation also dives into CrowdStrike's recent performance and CEO George Kurtz’s candid reaction to a major outage, highlighting the evolving cybersecurity landscape and the competitive dynamics against giants like Palo Alto.
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NVIDIA's Big Bet on AI
- NVIDIA's $50 billion stock buyback signals long-term confidence in AI tailwinds.
- Jensen Huang, CEO of NVIDIA, believes this growth will continue for a long time.
Blackwell's Bold Projections
- NVIDIA's new GPU, Blackwell, is expected to generate billions in Q4 revenue.
- This aggressive projection reinforces their all-in approach to AI.
Blackwell's Processing Power
- Blackwell systems will process 259 terabytes per second, enabling complex simulations.
- Potential applications include aerodynamic design, space travel, and cancer research.