Nvidia Breakdown & AI Trends
Episode publishedPodcast: Lumida Wealth : Non-Consensus...Lumida Wealth : Non-Consensus Invest Beyond the Ordinary
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Welcome to nonconsensus investing. I'm Ram Oluwalia, your host and CIO at Lumida Wealth, where we specialize in the craft of alternative investments. At Lumida, we help guide clients through the intricacies of managing wealth so they don't have to shoulder the burden alone. Through this podcast, we draw back the curtain to reveal the strategies employed by the best in the business for their clients so that you too can invest beyond the ordinary. Alright. Good afternoon. Welcome to the next episode of Lumida, nonconsensus investing. I am pleased to welcome again, Michael Preck, repeat guest who
Thank you. Good to be back. Hello, everybody.
Let's start with Nvidia earnings. So Nvidia beat on earnings and revenue despite the 4 and a half billion dollar write off related to the export controls on China. As I mentioned, they're projecting a trillion dollars in CapEx in 2030. Their data center revenue was 39,000,000,000. That's 73% year over year growth. And the Blackwell GPU ramp is the fastest new product ramp in the company history. So Blackwell, of course, is their leading framework providing AI inference and training solutions. And, yeah, China didn't really make a dent at all in Nvidia's earnings. So what are your thoughts and
It was fascinating to watch Jensen really execute yet again. We've been watching and discussing their quarters now for a few a few now a few quarters now. And this one, the general theme is that, look, there's an insatiable demand as far as the eye can see for the next few years for AI infrastructure for the world is now convinced that this thing is real. We need huge amounts of AI data centers, AI factories, as Jensen calls them. And half his customers are the top four or five multitrillion dollar companies who are buying every AI GPU they can get hand off, their their hands on. And now the r
million Blackwell units sold.
Correct. Those things a million. Now where that is a remarkable number when you consider that two years ago, most AI data centers, if you had 5,000, 10 thousand chips, back then, it was the hopper chips, which was the previous generation. That was a big number. And these things, remember, 30,000, 40 thousand up top, just for the chips, not for all the other equipment that you need for that. The point I'm making here is that The Middle East was allotted under the Biden diffusion rules, maybe a few tens of thousands of chips. President basically said, okay. For all number of reasons, we're gonna
listen to
this. Dramatic way. You should talk about it. We'll
listen to his comments right here. I'll play a clip from Jensen yesterday after Ernie.
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