WEBVTT - Single Best Idea with Tom Keene: Dan Ives, Gil Luria, & Gene Munster

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. Part of our effort

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<v Speaker 1>here with single best idea is to start strong the

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<v Speaker 1>day before and lining up the ducks across three hours booking.

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<v Speaker 1>The quality of talent that we have is a full

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<v Speaker 1>time job. We've got three people on our staff working

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<v Speaker 1>on booking. We've had the advantage this summer of three

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<v Speaker 1>interns helping out. That pairs down to one intern as

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<v Speaker 1>we go into the school season. But they're on the phones.

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<v Speaker 1>It looks like a callon for public television. They're on

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<v Speaker 1>the phone building out the show. Today was a perfect

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<v Speaker 1>example with the excellence of Nvidia. Ed Ludlow with his

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<v Speaker 1>fabulous one hour special last night on Nvidia where there

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<v Speaker 1>were problems on the conference call and the stock moved

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<v Speaker 1>off the conference call, so Ludlow had a ReConference call

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<v Speaker 1>that went worldwide on in video. That's the quality of

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<v Speaker 1>Bloomberg technology. Our people led by Giuseppe. Our people started

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<v Speaker 1>with Dana Ives and then we had Gilria and we

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<v Speaker 1>had Gene Munster on this madness about in Vidia IVES

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<v Speaker 1>is a bull. Let's listen from Webbush.

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<v Speaker 2>So Essenterally Blackwell is almost the architecture, the foundation of

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<v Speaker 2>a house. Microsoft is the actual house. The actual rooms

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<v Speaker 2>will be different. Software players, service now you know called

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<v Speaker 2>salesforce and others. What protects the house, cybersecurity names like

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<v Speaker 2>pow out though and others. Look, I continue to think

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<v Speaker 2>in Vidia today, it's Lebron in high school. That's essentially

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<v Speaker 2>where they are. Lebron in high school. In Vidia, that's

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<v Speaker 2>where they are.

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<v Speaker 1>Dana Eves there, I knew who Lebron was. It was

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<v Speaker 1>like early morning joke. It wasn't funny in the nine

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<v Speaker 1>am hour. But for Danims in the seven Giluria is

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<v Speaker 1>frankly is optimistic on what Nvidia is doing. He has

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<v Speaker 1>trouble with evaluation, particularly out three years. Giluria of Da.

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<v Speaker 3>Davidson, the short hitster is yes. But boy, what an

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<v Speaker 3>impressive trick. Let's not forget without Nvidia, we wouldn't have

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<v Speaker 3>all the exciting generative AI conversations that we're having now.

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<v Speaker 3>Mister Wong and in Nvidia are responsible for the AI

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<v Speaker 3>revolution as much as mister Musk and Tesla responsible for

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<v Speaker 3>the EV revolution. In the annals of history, that's how

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<v Speaker 3>they will be remembered. It is a very impressive trick.

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<v Speaker 3>Having said that, having ninety nine percent of your sales

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<v Speaker 3>come from non recurring hardware sales. It does not justify

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<v Speaker 3>the types of valuation in videos caring right now.

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<v Speaker 1>Gloria with a neutral, very rare neutral. There's like sixty

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<v Speaker 1>something buys and I think it's eight neutrals right now.

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<v Speaker 1>But good to get his voice in their Dan Ives

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<v Speaker 1>and Gil Lauria finally out of Piper Jeff for years

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<v Speaker 1>ago with Gene Munster joins us year we went bigger

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<v Speaker 1>and broader. We'd already covered all the details with Ives

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<v Speaker 1>and Laurie and we knew we were going to talk

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<v Speaker 1>about the call with Ed Ludlow, so we went bigger, broader.

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<v Speaker 1>Here's Gene Munster out years.

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<v Speaker 4>How I think about it is just what's the long term.

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<v Speaker 4>You got to think the long term play, and there's

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<v Speaker 4>the near term, and that's what's the vortex that's going

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<v Speaker 4>around in Vidia today. And I generally react to a

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<v Speaker 4>view of where the world is going. In the case

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<v Speaker 4>of with Nvidia, it's a belief, a strong belief I'm

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<v Speaker 4>staking my career that AI is going to be a

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<v Speaker 4>bigger having a bigger impact than the Internet. And the

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<v Speaker 4>reason why I still am comfortable and think of this

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<v Speaker 4>in that same class as Apple and Microsoft. Is that

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<v Speaker 4>ultimately is if you believe that AI is going to

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<v Speaker 4>be as transformative, more transformative than the Internet. And there's

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<v Speaker 4>a second belief you have to have is that the

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<v Speaker 4>way to get there is through scaling laws, which basically

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<v Speaker 4>say you have to throw more compute in data at

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<v Speaker 4>the problem to solve for intelligence, then in video is

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<v Speaker 4>going to be a winner. I do want to add

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<v Speaker 4>an additional angle to the context of just buying hold forever,

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<v Speaker 4>is that deep Water we own in video. I think

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<v Speaker 4>the next two years are going to be far better

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<v Speaker 4>than what people are expecting today. But at some point,

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<v Speaker 4>when you're a hardware only company, there is a point

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<v Speaker 4>of deceleration that needs to be taken into consideration. And

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<v Speaker 4>I think that two years, three years from now this

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<v Speaker 4>may be a position that will trim, but we think

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<v Speaker 4>today is the time to own it.

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<v Speaker 1>Part of my fossil Dumb is forgetting the three employees

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<v Speaker 1>ago where they worked Gene Monster with deep Water, not

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<v Speaker 1>with Loop where he was a number of years ago.

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<v Speaker 1>And of course that's just I'm so happy with the

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<v Speaker 1>idea of Dana's Gilia and gene Munster together. We're out

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<v Speaker 1>on YouTube It has been a record August for us

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<v Speaker 1>on this this new technology. Subscribe to Bloomberg Podcasts at YouTube.

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<v Speaker 1>Thank you so much, particularly the international audience we didn't expect.

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<v Speaker 1>Boy is it There also out on Android Auto, on

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<v Speaker 1>Apple car Play. I know Apple car Play in twenty

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<v Speaker 1>countries as well. It's not just a domestic thing, sort

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<v Speaker 1>of breaking onto the weekend. I'll be here tomorrow, John Tucker,

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<v Speaker 1>We'll be here tomorrow. You know, some of the team

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<v Speaker 1>will be here. We're forcing the interns to come in

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<v Speaker 1>on Apple Podcasts. It's single best idea