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I’ve never been one to keep my desk cluttered at work.
To me, everything has a place. Great desk organization, great results are how my mind works.
However, by the close of trading on Friday, I had broken this rule slightly. In the future, we plan to tack a paper cutout of NVDA CEO Jensen Huang wearing his trademark leather jacket to a wall board (see photo below). I’ll tell you why.
All week this week, I forgot to check the Nvidia stock price, which I normally do 10 times a day, and only checked in 5 times. I let myself (and everyone) down. That’s because NVIDIA stock quickly plummeted from Monday’s all-time high, only to return to that same high over the weekend.
I missed it!
The company’s stock rose 13% in October, well outpacing the S&P 500’s 1.4% rise. AMD (AMD) stock is down 5% this month, along with Intel (INTC).
So Jensen’s face on my desk reminds me to check Nvidia’s stock price and fundamentals multiple times a day. And ask everyone you meet about Nvidia, even those not in the chip industry (as I did this week at the annual CEO dinner hosted by ServiceNow (NOW) CEO Bill McDermott).
Nvidia CEO Jensen Huang visited my desk in New York. (Brian Sozzi)
Here’s what recommitting to my Nvidia obsession reminded me of. Something very bad from a company-specific point of view is the only thing that will cause this market to lose popularity over time. To be honest, I don’t know where something really bad like that will sprout from over the next few quarters.
As well as a series of plug-in characters that I chat with each week.
“I don’t think there’s any hype when you come to NVIDIA. I’ve known Jensen for decades and he’s the real deal. What they’re doing is very real and very powerful. ” Tom Siebel, founder and CEO of C3.ai (AI), told me on Yahoo Finance’s Open Bid podcast (video above, listen below).
Sam Altman, it should be interesting to see what Siebel thinks about your latest valuation…
In any case, Hewlett Packard Enterprise (HPE) CEO Antonio Neri has known Jensen for years. In my chats with him, and with Seana Smith on Yahoo Finance’s Catalysts, I couldn’t believe that Nvidia’s products are anything but super-sellers.
“When you think about large (cloud) providers, what they want is to bring the latest technology to market, and obviously Blackwell, as we move from air cooling to liquid cooling, It’s a key component of that. They’re delivering increased power density and performance, and they’re well on their way to achieving that,” Neri said of Nvidia.
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When it comes to Blackwell, Nvidia’s new ultra-high-performance AI chip, the analyst community feels as if it’s ready to raise its fourth-quarter profit forecast after stronger-than-expected demand.
“We believe demand outstrips supply at Nvidia 15:1 and the Street is excited that this AI party is still at 9pm and is being led by AI Jensen and Nvidia’s godfather. TSMC had monster (revenue) numbers, but Blackwell’s “Aaron Judge’s debut will be immediate,” Wedbush analyst Dan Ives told me. told.
JPMorgan’s team estimates Blackwell’s revenue for NVIDIA’s fourth quarter will be “in the billions of dollars.” If it happens, it will be huge and it will underline the desire to build AI infrastructure.
Believe me, like every company I report on, I look at Nvidia very critically.
But hey, Nvidia’s return to beast mode certainly seems to make a lot of sense. So is the fact that I have a Jensen cutout on my desk.
“Jensen is an innovator, a great leader and a great operator. You can’t count them out,” Siebel added.
Three times a week, I have insightful conversations with the biggest names in business and markets on opening bids. Find more episodes on our video hub. Watch on your favorite streaming service. Or listen or subscribe on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.
Brian Sozzi is editor-in-chief of Yahoo Finance. Follow Sozzi on X @BrianSozzi And also on LinkedIn. Have a tip about a deal, merger, activist situation, or more? Email brian.sozzi@yahoofinance.com.
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