This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

NVDA - NVIDIA Corp (NASDAQ)

Jump to new

Nvidia CEO Jensen Huang addresses CES after stock’s record close​

Jared Lynch

Nvidia chief executive Jensen Huang has unveiled a new generation of chips to provide the computing power needed to fuel the next phase of the artificial intelligence revolution and what he says is a “multitrillion-dollar opportunity”.

Addressing the world’s biggest consumer electronics show, Mr Huang said new scaling laws were emerging, paving the way for AI to “think” and train itself.

“Machine learning has changed how every application is going to be built, how computing will be done, and the possibilities, beyond,” he said, as he announced a “whole family of models” that are based off Meta’s llama.

“Every single enterprise in every single industry has been activated to start working on AI. Well, the thing that we did was we realised that the llama models really could be better fine tuned for enterprise use, and so we fine tune them using our expertise and our capabilities.”

Mr Huang said software coding was the next giant AI application, and with 30 million software engineers globally, it represented a “multi-trillion dollar opportunity”.

“Everybody is going to have a software assistant helping them code, if not, obviously you’re just you’re going to be way less productive and create lesser good code,” he told the Consumer Electronics Show. “It is very, very clear AI agents is probably the next robotics industry, and likely to be a multitrillion-dollar opportunity.”

Mr Huang showcased Nvidia’s new Blackwell RTX 50-series GPUs, priced from $US549 to $US1999.
“The GPU is just a beast, 92 billion transistors. Even the mechanical design is a miracle. Look at this. It’s got two fans. This whole graphics card is just one giant fan.
“The internet is producing about twice, twice the amount of data every single year as it did last year. I think the in the next couple of years will produce more data than all of humanity has ever produced since the beginning.
“The amount of computation that we need, of course, is incredible. And we would like, in fact, we would like, in fact, that society has the ability to scale the amount of computation to produce more and more novel and better intelligence, intelligence, of course, is the most valuable asset that we have, and it can be applied to solve a lot of very challenging problems.
“So scaling law, it’s driving enormous demand for Nvidia computing. It’s driving an enormous demand for this incredible chip we call Blackwell.”

Mr Huang, 61, spoke before a packed crowd at the Consumer Electronics Show at Michelob ULTRA Arena, a 12,000-seat stadium at Mandalay Bay Resort and Casino in Las Vegas.

Nvidia shares set a new record close ahead of his address.

Nvidia’s shares rose 3 per cent to a record close of $US149.43 on Tuesday morning (AEDT) after artificial intelligence buoyed the earnings of Taiwan’s Foxconn, which assembles Nvidia and Apple products.

The gains eclipsed Nvidia’s previous record close of $US148.88 on 07 November.

The chip maker’s shares hit a seven-week intraday high of $US152.15, near the all-time peak of $US152.89.

Nvidia briefly also reclaimed its title of US’s most valuable company during the session when its market capitalisation rose to $US3.73 trillion, but it closed at $US3.66 trillion – below Apple’s overnight rise to $US3.70 trillion....
 
This doesn’t seem to have an end.

With the growth of AI, robotics, EVs, space exploration and rockets, demand appears to be on a long term trajectory.

Unless another tech company has something different and better.
 
JohnDe said:
This doesn’t seem to have an end.

With the growth of AI, robotics, EVs, space exploration and rockets, demand appears to be on a long term trajectory.

Unless another tech company has something different and better.
Click to expand...
It should go higher but price action on NVDA can surprise. It is up 1.65% in after hours trade and $1 or so off all time highs. It will be interesting to see how it moves in RTH opening in just under 4 and a half hours.

It is back over the 50 MA and brokers are increasing their price targets.

Presently $151.90.

gg
 






Unfortunately I was proven correct last night and after staying awake to see how NVDA price action would respond to Jenson Huang's latest talk on the future of NVIDIA I fell asleep confident that my decision to continue holding NVDA was the right one, that I was a brilliant investor, a good person etc. etc. only to awake in the morning to see a retracement to just on the 50 MA line.

The buy on the rumour and sell on the fact is often forgotten by the Capn' C Weeds of this world, and so it was. NVDA rocketed in pre open trade and obligingly fell through yesterday. It is difficult to imagine the size of trades on this stock when one is used to the ASX. Yesterday's trades were in the order of $400m x 145 for roundings sake. Which is $548x100 million which is $55 Billion give or take a million (Commsec say it was only $40 Billion.) Traded on this one stock.

So my paltry NVDA stock holdings falling by 6% is not going to make much difference. Further to that figure are Option, Futures and CFD trades. Already in outside RTH 5am morning time today in NY it is up 1.75%. So it will continue until ... Until it doesn't. I stopped adding some time ago. NVDA could be another AAPL or it could all go to s*it as a huge bubble bursts.

Having said that, Semi trading is the only game in town atm. Given not just NVDA but also PLTR, AMD, MU and other stocks which I've been in and out of over the last two years have been performing like the proverbial bride's nightie. Even BTC is down today.

Jenson mainly discussed the use of NVDA in automotives, gaming and personal computers and how everyone in the world would have an AI NVDA chip in their pocket in 15 years time. I either won't be here then or trying to top myself by jumping from a high window in a nursing home so it didn't wag my dong at all. Maybe that is why NVDA fell.

Let us see what the night brings.

gg
 
I forgot to mention Robotics which Jenson Huang discussed at some length.

gg
 
NVIDIA is very much against the Biden administration's last desperate moves to be relevant. An article from Reuters quotes an NVDA executive as saying " "New Biden regulation taking effect today threatens to derail innovation and economic growth worldwide, and would "undermine America's leadership,"

Unfortunately the administration with just 7 days left to govern is led by a man with dementia and there is no way of preventing him from making foolish decisions. NVDA agree that critical innovative software should not fall in to the hands of the Chinese military but much of the profit making hardware and software for sale and being banned by Biden today is already available in games freely sold worldwide.

Nvidia says the new rule will weaken US leadership in AI. Below is the full article available via Yahoo Finance. Hopefully Mr. Trump and Mr. Vance with the assistance of Mr. Musk will be able to quickly reverse the decision.




Mon, January 13, 2025 at 8:03 PM GMT+10 1 min read


In This Article:​

StockStory Top Pick

NVDA
-3.00%
WASHINGTON (Reuters) - Nvidia on Monday criticized a new effort by the Biden administration to tighten Washington's grip on artificial intelligence chip flows around the world, saying the regulation would jeopardize current U.S. leadership in AI.
The new rule, which is expected to be published as soon as Monday, "threatens to derail innovation and economic growth worldwide," and would "undermine America's leadership," Nvidia Vice President of Government Affairs Ned Finkle said in a statement.

Reuters reported last month on the U.S. Commerce Department's plan for approving global AI chip exports while also preventing bad actors from accessing them. One aim of the restrictions is to keep AI from supercharging China's military capabilities.
Finkle argued America's leading role in AI would be hurt because the rule "would impose bureaucratic control over how America's leading semiconductors, computers, systems, and even software are designed and marketed globally."
The Santa Clara, California-based company also said the rule would not improve U.S. national security and it would control technology that is already widely available in gaming and consumer hardware.
"Rather than mitigate any threat, the new Biden rules would only weaken America's global competitiveness, undermining the innovation that has kept the U.S. ahead," Finkle said.
(Reporting by Chris Sanders in Washington and Karen Freifeld in New York; Editing by Jamie Freed)

gg
 
NVDA and the entire semi sector are being smoked in the pre-open session tonight. News that China's Deepseek AI doesn't need expensive chips and that it can do a similar job to MSFT's ChatGPT. While mostly a rumour, the sector and other related sectors (power/ uranium) are being sold off relentlessly. Nasdaq now down -4%. SMH -9%, the triple ETFs are down huge.

NVDA now <123 (-14%). SOXL, my fav semi ETF down -20% ! From a dip to a bear market dive, before the open. Will the buyers appear?

We were waiting for a curve-ball from Pres Trump but China threw one first. Game on and plenty of volatility for the traders.
 

R1 exemplifies DeepSeek’s iterative ability, propelled perhaps by Chinese government support. R1’s accelerated timeline also highlights the intensity of the global AI race after the Biden Administration’s eleventh-hour crackdown on AI exports2 and the Trump Administration’s announcement of Stargate3—a $500 billion US AI infrastructure initiative​

​
​

DeepSeek Has Introduced Advanced Reasoning To The Open-Source Community​


By Frank Downing | @downingARK
Director of Research, Next Generation Internet​
Known for its v3 frontier model, China-based AI lab DeepSeek introduced its first reasoning model, R-1 last week. Much like OpenAI’s o series, R-1 leverages chain-of-thought reasoning to tackle complex logic and math challenges and generate more accurate and coherent answers than conventional large language models. Benchmarks indicate that the open-source R-1 model not only rivals OpenAI’s closed-source o1 model but also surpasses other contenders in the market.

In a detailed paper,1 DeepSeek revealed how a version of R-1, dubbed R-1 Zero, evolved from a “pure reinforcement learning” training regimen. With DeepSeek v3 as the base, engineers challenged the model to solve advanced logic and math problems, leading to the development of “emergent” reasoning without massive amounts of human-labeled chain-of-thought data. The approach pays homage to AlphaGo Zero with self-directed learning and is the first time this training method has been applied successfully to language models in a detailed publication. The open-sourced version of R-1 includes additional training steps on top of R-1 Zero’s pure reinforcement learning approach to improve interpretability of its thinking patterns and ensure alignment with user preferences and safety guidelines.

DeepSeek also showcased R-1’s versatility as a “trainer model” that can enhance the performance of smaller models, including Llama, through “distillation.” By transferring knowledge and refined reasoning to models with fewer parameters, R-1 underscores the potential for advanced AI to enhance reasoning in a broader range of models.

Two months after OpenAI released the full version of o1, R1 exemplifies DeepSeek’s iterative ability, propelled perhaps by Chinese government support. R1’s accelerated timeline also highlights the intensity of the global AI race after the Biden Administration’s eleventh-hour crackdown on AI exports2 and the Trump Administration’s announcement of Stargate3—a $500 billion US AI infrastructure initiative led by OpenAI’s Sam Altman, Oracle’s Larry Ellison, and Softbank’s Masayoshi Son.​
 
There will certainly be some bargains available in NVDA/AI related stocks.

I've traded/accumulated NVDA on the way up and price points from memory and adjusted for the 1/10 in some cases that come to mind are

118
104
97
92
62
55

I won't go any lower unless it gets to 92. Probably too much information.

gg
 
well the game-changer for me was the accelerated roll-out of thorium power plants in China , that is an awful lot of power , and reduces uranium needs
 
I said it months ago that China doesn't need fancy high grade chips, the US blocking them was a fantasy that it would slow China down. You have an educated country now, with billions of people working at a much cheaper hourly rate than all Western economies with little to no workplace restrictions. They're the experts in working with cheaper materials, they engineer items so that they do the same job as their more expensive counterparts, I've been watching them do it for years. Technology is moving so fast that things don't need to last for a long time anymore, the throwaway items suit this environment.
 

Agreed. Though, the market reacted like it always does with such news - PANIC

Much remains unknown about DeepSeek’s claims, including what sorts of chips the company had access to despite the effect of sanctions. Several chip analysts on Monday disputed the notion that DeepSeek built something on par with advanced U.S.-based AI models at such a low cost. “DeepSeek DID NOT ‘build OpenAI for $5 million,’ ” wrote Stacy Rasgon of Bernstein. “The ‘DeepSeek’ moment is driving investors to shoot first and ask questions later,” wrote Joshua Buchalter of TD Cowen. “While DeepSeek’s achievement could be groundbreaking, we question the notion that its feats were done without the use of advanced GPUs to fine tune it,” wrote Atif Malik of Citigroup.​
​
“DeepSeek is not a game changer, and on the contrary fits very well with the way we have seen the industry evolving in the last three years,” Ferragu wrote.​
​
Indeed, DeepSeek’s breakthrough comes just as AI spending appears to be getting another leg up.​
​
The AI spending war might just be entering a new phase.​

 
i don't know about 'fancy '

in my time of a computer hobbyist i played with some fairly obscure architectures ( not just Intel ver. ???)

and some of those neglected/abandoned chip architectures really DID have certain strengths ( just not the Intel PR machine behind them )

did China go back and develop some of these chips to modern standards ( many CPUs didn't even need a cooling fan the absolute opposite to the Intel's offering at the time)

even the 'Intel clone ' ( Cyrix by IBM ) was damn good at crunching numbers ( but very ordinary of graphics ) in a head to head match against the Intel rival

a nice efficient architecture , thousands of talented engineers who knows what they created ( the Japanese have also developed some interesting silicon over the last decade .. don't write them off )

but easy to see coming once those sanctions started flying .

necessity is the mother of invention
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...