Chris Sciaccia
Appearances
Wall Street Breakfast
Fed deja vu: Powell calls tariff inflation transitory
There was a lot to unpack for investors, developers, media, and everyone else in between. I think the biggest takeaways are obviously the new announcements of Blackwell Ultra, which is coming in the second half of this year. Rubin, which is coming in the second half of next year.
Wall Street Breakfast
Fed deja vu: Powell calls tariff inflation transitory
And then you also saw the tease out of NVIDIA's product pipeline going out to 2027 and 2028, RubinUltra, which is coming in the back half of 2027, and then a new line named after American theoretical physicist Richard Feynman, which is coming in 2028. So there's a lot of visibility that NVIDIA has and is providing to your big hyperscalers like Microsoft, Amazon... Meta, Google, and the like.
Wall Street Breakfast
Fed deja vu: Powell calls tariff inflation transitory
Because these companies are spending hundreds of billions of dollars over the next several years, and they need to know that that investment is going to be rewarded. And NVIDIA, I think, delivered on that. I think some of the big takeaways that the sell side has is that NVIDIA kind of expanded their total addressable market.
Wall Street Breakfast
Fed deja vu: Powell calls tariff inflation transitory
They now see a trillion dollars in AI CapEx spending by 2028, which is an enormous number. Some of the other big takeaways are obviously the product pipeline that I mentioned earlier. And NVIDIA is just hands down the leader in AI when it comes to accelerators, software with CUDA, Ethernet with its MVLink. And they're just expanding on this. It's...
Wall Street Breakfast
Fed deja vu: Powell calls tariff inflation transitory
So NVIDIA's ballgame, and there's really nobody else even in the stadium at this point right now. The stock and the market in and of itself are just kind of beholden to what's coming out of Washington. And until we get some clarity on that, you're probably going to see the high volatility and the stocks are just going to bounce up and down based on what the tariff headlines of the day are.
Wall Street Breakfast
Fed deja vu: Powell calls tariff inflation transitory
So the fundamentals of the company are getting better, but you're not seeing that reflected in the stock price right now.