meta_pixel
Tapesearch Logo
Log in
Wall Street Breakfast

Softbank CEO says Nvidia is undervalued

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 29 October 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Masayoshi Son predicts super AI 10,000 times smarter than humans by 2035. (0:15) Ford tumbles as its EV business struggles. (2:01) Consumer confidence up sharply. (3:29)

Show Notes
The most overbought and oversold global assets
PayPal stock slips after Q3 revenue misses

Episode transcripts: seekingalpha.com/wsb
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

0:10.0

Good afternoon. Today is Tuesday, October 29th, and I'm your host, Kim Khan. Our top story so far.

0:16.0

Soft Bank CEO Masayoshi Song says NVIDIA is undervalue, adding that hundreds of billions of dollars will be needed to achieve artificial super intelligence.

0:25.0

Invidia shares have gained 191% year to date and more than 2,600% over the past five years.

0:32.0

Speaking at the Saudi FII summit 100% over the past five years.

0:33.0

Speaking at the Saudi FII summit, Sun said it could take as much as $9 trillion and

0:38.3

200 million chips needed to achieve artificial superintelligence.

0:42.3

Sun, who's known for making extraordinary bets and calls,

0:45.0

including Soft Bank's $100 billion vision fund,

0:48.0

added that he expects AI to be 10,000 times smarter

0:52.0

than the human brain by 2035.

0:54.5

He also says he was stock filing tens of billions of dollars in order to make the next big move.

1:00.0

In February, it was reported that the Soft Bank founder was looking for investors to help with a $100 billion plan to boost the global supply of AI-focused processors.

1:10.0

This morning earnings came fast and furious in the week of big name reports.

1:14.3

Among the big names and big movers,

1:16.6

McDonald's shares are holding steady despite reporting global comparable sales below

1:20.5

expectations.

1:21.6

On the earnings conference call, CEO Chris Kamsinski

1:24.8

apologized for the E. coli issue and said the outbreak appears to be contained.

1:29.2

Crucially, he confirmed that quarter pounders would return to restaurants in the coming weeks.

1:34.0

Another highlight for the quarter was that strong demand for the chain's value meals helped U.S. comparable

1:38.3

sales flip back to positive growth.

...

Please login to see the full transcript.

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

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

Copyright © Tapesearch 2026.