CNBC's "Fast Money" Nvidia CEO Weighs In On White House Tech Meeting… And An Ominous Sign For Retail Description 9/12/24
Sep 12, 2024
Nvidia CEO discusses crucial meetings with the White House about AI energy demands and the implications for chip production. He highlights challenges with chip delays and shares insights on Nvidia's market performance amid economic turbulence. The conversation shifts to the retail landscape, revealing grim forecasts for the upcoming holiday season, including a worrying trend in consumer spending. This dynamic interplay of tech innovation and retail struggles paints a vivid picture of the current economic climate.
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AI's Energy Use
- Nvidia CEO Jensen Huang discussed AI's energy use at a White House meeting.
- He highlighted AI's potential for energy savings after the initial training phase.
Nvidia's Stock Performance
- Nvidia's stock has seen a recent upward trend, breaking through the 100-day moving average.
- Jensen Huang's positive outlook on AI contributes to renewed investor excitement.
Waning AI Enthusiasm?
- Consider the waning enthusiasm for AI and Nvidia, despite the positive macro environment.
- Institutions like Fidelity and Citadel have reduced their Nvidia stakes.