TechCheck+ Dethroning Nvidia 8/29/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 29 August 2023
⏱️ 8 minutes
🧾️ Download transcript
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| 0:00.0 | In video, it is the stock story of a century. |
| 0:07.0 | The chipmaker is at the heart of the artificial intelligence boom, supplying the chips |
| 0:11.0 | needed to build and run AI applications like |
| 0:14.1 | chat TBT and amid sky high expectations it reported another blowout |
| 0:19.2 | quarter forecasting sales that surpassed Wall Street estimates for the third time in a row. |
| 0:24.4 | Revenue more than doubling to $13.5 billion, $6 billion in pure profit. |
| 0:30.8 | That is a staggering 843% jump year over year. |
| 0:35.0 | It's a wow moment. |
| 0:36.0 | It's a superhero number. |
| 0:38.0 | I mean, clearly, nobody's having a problem paying the prices that |
| 0:42.0 | NVIDIA is charging for these parts. |
| 0:43.6 | All driven by unprecedented demand for those AI chips as revenue for its data center segment |
| 0:48.4 | climbed 141% just from the last quarter. |
| 0:51.6 | Now all of this comes on the back of an already explosive run up in the stock, |
| 0:56.0 | quadrupling this year and driving it to a trillion dollar market cap, |
| 1:00.0 | a company that is absolutely dominating in the AIC change, but are the cracks in that |
| 1:06.5 | dominance already beginning to show what's next and who is next? |
| 1:11.6 | They are not going to be the only game in town forever. |
| 1:14.0 | And you have to be realistic that competition is coming. |
| 1:17.0 | Okay. |
| 1:18.0 | We think that there could be some disruption if we think three, five years out. |
| 1:22.0 | This week on Tech Check, we take a look at some of the |
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