The Compound and Friends NVDA’s Mini-Crash, Dan Ives on AI, Josh’s New Book
35 snips
Sep 3, 2024 
Dan Ives, managing director at Wedbush Securities, dives into Nvidia's latest earnings, showcasing its pivotal role in AI and what distinguishes Jensen Huang in the tech landscape. They discuss the recent dip in Nvidia's stock despite impressive growth and the competitive landscape with giants like Apple. Ives shares insights into technology production efficiency and stock buybacks affecting market volatility. Josh also teases his new book, exploring themes of prosperity and capitalism in today’s economy.
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Nvidia's Potential
- NVIDIA's AI revolution is in its early stages, similar to LeBron James in high school.
- The current focus is on short-term numbers, but the company is projected to reach $50-100 billion in quarterly revenue.
Beyond Chips: NVIDIA's Ecosystem
- NVIDIA's business model goes beyond selling chips, encompassing an ecosystem of services and software.
- This approach, similar to Apple's services model, adds a recurring revenue stream.
Blackwell Delay
- NVIDIA's Blackwell system represents a step function change in technology but has been slightly delayed.
- The delay is due to yield improvements and isn't impacting overall demand or earnings expectations.
