Speaker 1: Bloomberg Audio Studios, podcasts, radio news. Part of our effort
Speaker 1: here with single best idea is to start strong the
Speaker 1: day before and lining up the ducks across three hours booking.
Speaker 1: The quality of talent that we have is a full
Speaker 1: time job. We've got three people on our staff working
Speaker 1: on booking. We've had the advantage this summer of three
Speaker 1: interns helping out. That pairs down to one intern as
Speaker 1: we go into the school season. But they're on the phones.
Speaker 1: It looks like a callon for public television. They're on
Speaker 1: the phone building out the show. Today was a perfect
Speaker 1: example with the excellence of Nvidia. Ed Ludlow with his
Speaker 1: fabulous one hour special last night on Nvidia where there
Speaker 1: were problems on the conference call and the stock moved
Speaker 1: off the conference call, so Ludlow had a ReConference call
Speaker 1: that went worldwide on in video. That's the quality of
Speaker 1: Bloomberg technology. Our people led by Giuseppe. Our people started
Speaker 1: with Dana Ives and then we had Gilria and we
Speaker 1: had Gene Munster on this madness about in Vidia IVES
Speaker 1: is a bull. Let's listen from Webbush.
Speaker 2: So Essenterally Blackwell is almost the architecture, the foundation of
Speaker 2: a house. Microsoft is the actual house. The actual rooms
Speaker 2: will be different. Software players, service now you know called
Speaker 2: salesforce and others. What protects the house, cybersecurity names like
Speaker 2: pow out though and others. Look, I continue to think
Speaker 2: in Vidia today, it's Lebron in high school. That's essentially
Speaker 2: where they are. Lebron in high school. In Vidia, that's
Speaker 2: where they are.
Speaker 1: Dana Eves there, I knew who Lebron was. It was
Speaker 1: like early morning joke. It wasn't funny in the nine
Speaker 1: am hour. But for Danims in the seven Giluria is
Speaker 1: frankly is optimistic on what Nvidia is doing. He has
Speaker 1: trouble with evaluation, particularly out three years. Giluria of Da.
Speaker 3: Davidson, the short hitster is yes. But boy, what an
Speaker 3: impressive trick. Let's not forget without Nvidia, we wouldn't have
Speaker 3: all the exciting generative AI conversations that we're having now.
Speaker 3: Mister Wong and in Nvidia are responsible for the AI
Speaker 3: revolution as much as mister Musk and Tesla responsible for
Speaker 3: the EV revolution. In the annals of history, that's how
Speaker 3: they will be remembered. It is a very impressive trick.
Speaker 3: Having said that, having ninety nine percent of your sales
Speaker 3: come from non recurring hardware sales. It does not justify
Speaker 3: the types of valuation in videos caring right now.
Speaker 1: Gloria with a neutral, very rare neutral. There's like sixty
Speaker 1: something buys and I think it's eight neutrals right now.
Speaker 1: But good to get his voice in their Dan Ives
Speaker 1: and Gil Lauria finally out of Piper Jeff for years
Speaker 1: ago with Gene Munster joins us year we went bigger
Speaker 1: and broader. We'd already covered all the details with Ives
Speaker 1: and Laurie and we knew we were going to talk
Speaker 1: about the call with Ed Ludlow, so we went bigger, broader.
Speaker 1: Here's Gene Munster out years.
Speaker 4: How I think about it is just what's the long term.
Speaker 4: You got to think the long term play, and there's
Speaker 4: the near term, and that's what's the vortex that's going
Speaker 4: around in Vidia today. And I generally react to a
Speaker 4: view of where the world is going. In the case
Speaker 4: of with Nvidia, it's a belief, a strong belief I'm
Speaker 4: staking my career that AI is going to be a
Speaker 4: bigger having a bigger impact than the Internet. And the
Speaker 4: reason why I still am comfortable and think of this
Speaker 4: in that same class as Apple and Microsoft. Is that
Speaker 4: ultimately is if you believe that AI is going to
Speaker 4: be as transformative, more transformative than the Internet. And there's
Speaker 4: a second belief you have to have is that the
Speaker 4: way to get there is through scaling laws, which basically
Speaker 4: say you have to throw more compute in data at
Speaker 4: the problem to solve for intelligence, then in video is
Speaker 4: going to be a winner. I do want to add
Speaker 4: an additional angle to the context of just buying hold forever,
Speaker 4: is that deep Water we own in video. I think
Speaker 4: the next two years are going to be far better
Speaker 4: than what people are expecting today. But at some point,
Speaker 4: when you're a hardware only company, there is a point
Speaker 4: of deceleration that needs to be taken into consideration. And
Speaker 4: I think that two years, three years from now this
Speaker 4: may be a position that will trim, but we think
Speaker 4: today is the time to own it.
Speaker 1: Part of my fossil Dumb is forgetting the three employees
Speaker 1: ago where they worked Gene Monster with deep Water, not
Speaker 1: with Loop where he was a number of years ago.
Speaker 1: And of course that's just I'm so happy with the
Speaker 1: idea of Dana's Gilia and gene Munster together. We're out
Speaker 1: on YouTube It has been a record August for us
Speaker 1: on this this new technology. Subscribe to Bloomberg Podcasts at YouTube.
Speaker 1: Thank you so much, particularly the international audience we didn't expect.
Speaker 1: Boy is it There also out on Android Auto, on
Speaker 1: Apple car Play. I know Apple car Play in twenty
Speaker 1: countries as well. It's not just a domestic thing, sort
Speaker 1: of breaking onto the weekend. I'll be here tomorrow, John Tucker,
Speaker 1: We'll be here tomorrow. You know, some of the team
Speaker 1: will be here. We're forcing the interns to come in
Speaker 1: on Apple Podcasts. It's single best idea