The AI Juggernaut, Or: NVIDIA Is Almost “AI Diva” Spelled Backwards

The AI Juggernaut, Or: NVIDIA Is Almost “AI Diva” Spelled Backwards

Cody is going to be in San Francisco this week (giving the keynote and other talks Wednesday at the MoneyShow), and would be happy to meet up with some subscribers in SF, so if interested, please write us back. On that note, if anyone knows any robotics companies based in SF that Cody can meet up with during the week, please shoot us an email about that too. Thank you in advance.

This is Part 3 of a series of articles breaking down and ranking the AI strategies of the Magnificent 7.

Jensen Huang introducing NVIDIA’s new Blackwell chip at GTC in March 2024

And so that became the company’s mission, to go build a computer, the type of computers and solve problems that normal computers can’t, and to this day we’re focused on that. And if you look at all the problems in the markets that we opened up as a result, it’s things like computational drug design, weather simulation, materials design. These are all things that we’re really, really proud of. Robotics, self-driving cars, autonomous software we call artificial intelligence. And then of course we drove the technology so hard that eventually the computational cost went to approximately zero. And it enabled a whole new way of developing software, where the computer wrote the software itself, artificial intelligence as we know it today. And so that was the journey.” — NVIDIA CEO Jenson Huang, March 5, 2024, speaking at Stanford Business School.

Going in order of current market capitalization, third up in our review of the Mag 7 is NVIDIA (NVDA). NVIDIA has been the AI story for most of the last year and a half. But before that, NVIDIA was known primarily for its graphics cards which shipped in high-end gaming PCs. That all changed in late 2022 with the unveiling of OpenAI’s ChatGPT in November of that year, which Trading With Cody subscribers learned about on day 1.