Surfing The Big Tech Tsunami 🌊
Nvidia CEO Jensen Huang has unveiled a new batch of products and services tied to artificial intelligence, looking to capitalize on a frenzy that has made his company the world’s most valuable chipmaker.
Fresh off Nvidia's stellar earnings report and subsequent stock rally, its CEO Jensen Huang is predicting that the world is entering a "new computing era".
He says anyone can be a programmer, just by speaking to the computer, and the desired functions will come forth.
Just don't short NVDA
In a two-hour presentation, Huang revealed a new robotics design, capabilities to make video game characters more realistic, a networking technology and an AI supercomputer platform called DGX GH200 that will help tech companies create successors to ChatGPT. Microsoft, Meta and Google are expected to be among the first users.
At his first public keynote since the pandemic, Huang introduced a new AI supercomputer platform called DGX GH200, aimed at building generative AI models.
Bigger, better, faster, whatever
Generative AI is a type of artificial intelligence technology that can produce various types of content, including text, imagery, audio and synthetic data.
"This computer doesn't care how you program it, it will try to understand what you mean, because it has this incredible large language model capability. And so the programming barrier is incredibly low," Huang pointed out.
"We have closed the digital divide. Everyone is a programmer. Now, you just have to say something to the computer."
Nvidia says that generative AI is the "most important computing platform of our generation" as individuals and companies move to create new apps and leverage on generative AI in the process.
Big Tech supporting QQQ
The CEO said generative AI is able to understand information other than just text and numbers. It "can now understand multimodality, which is the reason why this computing revolution can impact every industry," he added.
Unlike traditional models of computer application development, which require new applications and new hardware to accommodate advances like A.I., Huang said generative A.I. will not only be able to impact new applications, but enhance old ones.
"Every application that exists will be better because of A.I.... It can succeed with old applications. And it's going to have new applications. The rate of progress, because it's so easy to use, is the reason why it's growing so fast."
No sign of retracement yet?
WALL STREET 2023 YTD PERFORMANCE:
DOW DOWN -0.2% 🔴
S&P 500 UP +9.5% ✅
NASDAQ UP +24% ✅
RUSSELL 2000 UP +0.7% ✅
Overbought, FOMO buy, sell now as reversal is coming or waiting to buy the dip? Let’s trade based on price action on both calls and puts ok?
⚠️ Trading Tips: Looking at calls above 350.6 and puts under 348.4 on Tuesday. Remember that trend is our friend 😉
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The next ten years is going to show such enormous growth in AI that the company that is going to show the most benefits is Nvidia. So if investors own Nvidia they just need to hold on to it.
New York Lawyer Caught Using ChatGPT After Citing Non-Existing Cases. So it begins. Another fairyland technology called ai. It will have some benefits. Not what they are hyping.
QQQ another all time high. Markets going to moon. No turning back BUY BUY BUY. Everyone going to get rich on debt deal and AI.
Insiders buying even at 390. Shows how bullish they are in this company. Amazing future ahead. Just buy because insiders are buying too.
Never sell Nvidia stock. I sold my whole position at 365. Huuuuge Mistake