Nvidia CEO's AI Message, Musk Defends Ketamine Use, Cleveland-Cliffs CEO on U.S. Steel 3/19/24

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 19 March 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jim Cramer and David Faber engaged in wide-ranging discussions about Nvidia’s unveiling of its new AI chips and "Blackwell" platform -- setting the stage for Jim's exclusive interview with Nvidia CEO Jensen Huang at the company's developers' conference. The anchors reacted to Elon Musk defending his use of the drug ketamine, in comments he made during an interview with former CNN host Don Lemon. David spoke exclusively with Cleveland-Cliffs CEO Lourenco Goncalves about the Nippon Steel-U.S. Steel deal. Also in focus: Unilever plans a spinoff of its ice cream business including Ben & Jerry's, George Lucas backs Bob Iger in Disney’s proxy battle with Nelson Peltz and Trian, Fed meeting day one, Bank of Japan ends negative interest rates. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Market Moving Insight and Analysis joined Jim Kramer, David Faber,
0:04.0	me, Carl Cantonea on the opening bell hour of CNBC Squawk on the street.
0:08.0	We created a processor for the generative AI era, and one of the most important parts of it is content token generation.
0:18.0	We call it this format is FP4. Well, that's a lot of computation.
0:27.1	5X, the token generation, 5X, the inference capability of Hopper seems like enough.
0:41.7	But why stop there?
0:45.3	The answer is it's not enough.
0:53.9	Jensen Wong unveiling the new generation of Nvidia's AI chips yesterday at the company's developers conference. Good Tuesday morning.
0:55.9	Welcome to Squawk on the Street. I'm David Faber, live from Post 9 at the New York Stock Exchange.
1:00.2	Jim Kramer is in San Jose, California. He is at NVIDIA's GTC. He's going to have a live and exclusive.
1:08.5	It's both. Live and exclusive interview with that man right there, Jensen Wong.
1:11.9	That'll be in the next hour. And of course, we are very much looking forward to it.
1:17.0	Less than an hour from now. In fact, a half hour from now, we get started with trading here at the New York Stock Exchange.
1:21.9	Let's give you a quick look at futures. We are in the red. So perhaps a lower open when we begin trading.
1:29.7	Let's get to our roadmap.
1:30.8	It does start, as you might expect, with Nvidia's potential AI game changer, the company unveiling its latest, more powerful artificial artificial intelligence chips,
1:41.3	which CEO Jensen Wong says are twice as powerful for training AI models
1:45.5	than the current GPUs.
1:48.3	Rate expectations also underway here.
1:51.1	The Fed's March meeting kicking off today.
1:54.0	The Bank of Japan, by the way, raising interest rates no longer are they negative in that country.
2:00.4	And why Elon Musk thinks investors should want them to keep taking ketamine saying it's beneficial for Tesla.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.