@Details About AI Focus: NVDA, QCOM, and AMD #ai #nvda #qcom #amd
TAZR Traders
Market continues to navigate strong economic data and Fed hawkishness with a relentless upward bias.
That doesn't mean NVDA makes new highs any time soon -- and hopefully we get a chance to add inside $375-350 before their Q2 report in late August.
If you haven't found it yet, here was my detailed vlog and article on our powerhouse last week...
Nvidia DGX: Workhorse of AI Will Drive NVDA to $2 Trillion
And yesterday brought another great alliance with database architect Snowflake. Veteran Silicon Valley analyst Dave Vellante shared the laser logic of Jensen on the power of this collaboration...
QCOM and AI at the Edge
On June 16, Bank of America boosted their PT on QCOM from $130 to $145. More analysts are catching on to our thesis that the power of AI will transform smartphones and all mobile/edge/IoT devices.
Qualcomm CEO Cristiano Amon appeared at the Bloomberg Technology Summit and said his company has been working on high-performance chips that should soon help power generative artificial intelligence applications on smartphones.
Amon said as soon as next year, some smartphone models powered by Qualcomm chips may have the power to use generative AI applications for photos and images, such as Stable Diffusion’s model.
“We’re just at the very beginning” of understanding generative AI, Amon said in an interview with Bloomberg Television’s Ed Ludlow. “There are going to be so many applications.”
The CEO said generative AI will also be useful in self-driving cars, particularly when a rider gives the automated system complicated directions. AI processors in these cars need to make decisions “in real time,” Amon said, and “that computation needs to happen locally” with powerful chips in the car rather than relying on the computing power of the cloud.
Check out the full 18-minute interview here.
And here's a fun piece on how data companies need to leave the semiconductor stuff to the pros...
How Meta Stumbled In Quest for Chip Independence
Meta is steadily giving Qualcomm a bigger role as a chip supplier for its hardware products, after several years of trying to develop its own chips. The shift could hurt Meta’s ability to compete with Apple.
AMD Should Be on Your Buy List
I just finished up a research report on AMD as the other half of the AI-GPU duopoly. If you don't own any or enough NVDA, you can buy AMD right here under $110 as it trades under 7X sales (vs NVDA at 20X).
Here are some recent PRs you should read to become more familiar with the Lisa Su juggernaut which should trade higher with NVDA...
AMD Expands Leadership Data Center Portfolio with New EPYC CPUs and Shares Details on Next-Generation AMD Instinct Accelerator and Software Enablement for Generative AI
I'll share details of my take on the "next-gen" for Generative AI and what it means for NVDA vs AMD soon. (Spoiler: They both win serving the same huge market in their "duopoly.")
AMD Introduces World’s Largest FPGA-Based Adaptive SoC for Emulation and Prototyping
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