Nvidia (NVDA) released fourth-quarter results after the market closed on Wednesday, beating Wall Street expectations and reversing the stock's previous decline. Already a leader in semiconductors, Nvidia's strong earnings are likely to set the stage for the AI race in 2024.
Dan Ives, Managing Director and Senior Equity Analyst at Wedbush Securities, and Paul Meeks, Co-CIO at Harvest Portfolio Management and Professor at The Citadel Finance, join Yahoo Finance to discuss Nvidia's revenue and AI in technology. Discuss momentum.
When asked about Nvidia's potential risks, Ives said: “If you look at Big Tech capital spending, the strong are getting stronger. If you look at Microsoft (MSFT), they're still in acceleration mode. So that's nothing to worry about.”At least for the next 12 years. , it would take 15, 18 months. And remember, consumer products hadn't started coming in yet. That's why I believe this is his 1995 moment…I think the big focus right now is his second. Third and fourth derivatives. [CEO Jensen Huang] We talked, who else will benefit? That's why I believe this AI party is just beginning. ”
When asked about the OEMs (original equipment manufacturers) that could ride on Nvidia's lead and benefit from this momentum, Meeks said: At some point, at least for the rest of this year and probably into next year, we will be building large-scale language models and inferences from those models. And I think there will probably be opportunities in hardware, like Super Micro (SMCI). ) it hit hard amidst the anxiety heading into Nvidia's print…''
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Editor's note: This article was written by Nicholas Jacobino
