Operating at the Intersection of Technology and the Capital Markets
Tag: LLMs
Yes, Nvidia's data center business will continue to thrive when the company reports results in late November as Generative AI and the large language models (LLM) that underpin Gen AI require a multi-quarter build for companies like ChatGPT/ Azure/ MSFT and Google. That's not to say that ChatGPT, Google and the various LLM startups that … Continue reading Nvidia and Generative AI
I have criticized NVIDIA (ticker: NVDA) co-founder and CEO Jensen Huang for hyping NVDA shares during the recent AI boom. Putting hyperbole aside, there is a reason why NVIDIA developed the market-leading chips that underpin the Large Language Models (LLMs) that power Generative AI products and services. Mr. Huang is that reason. While Intel (ticker: … Continue reading How Did NVIDIA Corner The LLM Chip Market? Jensen Huang Is the Answer
Companies will largely take a conservative approach to guidance on the Q3 and Q4 EPS calls. The rubber will meet the road on the Q4 earnings calls in January when companies issue their initial 2024 guidance. That initial 2024 guidance will likely spook investors and knock stock prices back significantly. Hopefully management teams stopped listening … Continue reading How Will Q3 and Q4 EPS Seasons Play Out?
Our 2 minute 14 second YouTube video on how we believe the Gen AI cycle will play out. https://youtu.be/d4_6SMFnPZc?feature=shared
Old habits are difficult to break, especially when it comes to technology usage patterns. Microsoft's control of OpenAI / ChatGPT has yet to pay dividends on the Search front. Recall that Microsoft incorporated ChatGPT into Bing search several months ago. Google - the Search and AI King - has yet to lose share to Bing. … Continue reading Google Search Has Yet To Lose Share To Bing
When will investors tire of AI? When will they stop buying into the AI hype? Do they have an expectation as to when AI is supposed to accelerate Revenue and EPS growth? (Note: this is a premium article for $99.99 and includes 6 short ideas and 1 long idea related to the AI theme). As … Continue reading When Will Investors Tire of AI? 6 Short Ideas. 1 Long.Premium
AI is nothing new, yet we are only scratching the surface. I believe that every Technology company is incorporating broadly-defined "AI" into their products and services offerings at this juncture. "AI" at its core is based upon statistical models that underpin various advanced automation processes such as machine learning, deep learning, neural networks, natural language … Continue reading AI Is Nothing New, Yet We Are Only Scratching The Surface
Google has been the AI King since its founding (we first dubbed it the "AI King" in May 2019). It is good to see Google get a bit of AI recognition on the heels of Google I/O this week. The AI King: Between Google Search, Chrome, Google Photos, Google Maps, Google Translate, Google Live Caption, … Continue reading Google Remains The AI King
AI-powered convenience was the takeaway from this year's Google I/O conference. When we use "AI" in this context we are speaking of Google's Natural Language capabilities that leverage the company's Large Language Models (LLMs). These models (Bard for example is built upon an LLM-based platform), enable users to engage with their devices using natural language … Continue reading AI-Powered Convenience at Google I/O ’23
I'm fully aware that Ad Revenue (Ad-related Revenue accounted for 78% of Google's total revenue in the March quarter) does not command the same multiple as subscription revenue, but should Microsoft command 2x GOOGL's valuation on an EV/Revenue and EV/ Cash from Operations basis? It would seem that GOOGL's valuation discount to MSFT is punitive. … Continue reading Google’s Discount To Microsoft Is Too Steep
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