NASDAQ the P best performing index today now less than 1% from its all-time high Nvidia Big Driver getting very close to a new record as well SEMA Modi joins us at the desk with more on this just plowing straightforward This Record run and I think it brings up this question of uh from on Wall Street how long can nvidia's dominance last when it comes to AI chips and the marketplace as we know is only getting increasingly more competitive here's what Nvidia CEO Jensen Wong told altimer capitals Brad gersner on his podcast yesterday to me when
I think about a computer I'm not thinking about that chip I'm thinking about this thing that's my mental model and all the software and all the orchestration all the Machinery that's inside that's my M that's my computer and we're trying to build a new one every year yeah that's insane nobody has ever done that before we're trying to build a brand new one every single year and every single year we deliver two or three times more performance as a result every single year we reduce the cost by two or three times Wong also dismissed the
idea of Nvidia being the next Cisco which was at a similar position in the late 1990s and famously lost market share he also said that Computing tools the need to curate more data all underscore the important role Nvidia is playing and he does not think AI will eliminate jobs he looked at Nvidia for example which employs 32,000 employees with plans to get to 50,000 with 100 million AI assistance which he says will increase the company's overall output he also praised Elon musk for the speed at which he's building a supercomputer and the span of 19
days which she says typically takes about 3 years to plan guys 100 million AI assistance for the what for the 50,000 employees that he expects exactly he wants he's growing he's looking to hire more people go from 32,000 to 50,000 but coinciding with that building out these AI assistant which will help them run these models and launch AI applications can they keep up that pace of a a new offering every year is that sustainable that's the big question right with black well we are seeing those delays of course we'll be getting earnings in November to
get a better better picture on the timeline and how much revenue they expect next year but that's the timeline is every year a new product that will be faster cheaper and better than some of the other the other Alternatives that's significant especially when you think about Google meta Amazon all working on their own inhouse chips as well all right thanks very much Sima good to see you nice to have you here
