NVIDIA CEO, Jensen Huang, joined Jim Cramer from CNBC for a special investment club interview on Tuesday on the New York Stock Exchange. With dozens of club members present for our monthly meeting in October, Jensen answered questions about the most important partnerships in Nvidia, including Oracle, Intel, Coreweave and Openai. Here is a quick overview of his answers: Oracle addressed to a report in the information that Oracle sees nvidia chips slim margins, Jensen has recognized that a company increasing technology may not earn as much money. He said: “What Oracle does with our systems is not easy. We are talking about superordinators. During the life of the systems, Oracle will be wonderfully profitable,” said Jensen. Oracle’s shares fell by around 5% early in this report, but made some of these losses this afternoon. Intel Intel spent more than 30 years of “our lives trying to kill us,” said Jensen, describing essentially the time at the start of Nvidia in 1993 at the September agreement that the two companies were made to work together. As Jim said at the time, Nvidia was launched a lifeline. Jensen told Jim on Tuesday that he liked to imagine a future where many companies can win, not just Nvidia. “When we give a speech, everyone’s stock increases. When everyone gives a speech, our scholarship course decreases,” said Jensen. Part of the Intel agreement bought $ 5 billion in Intel ordinary shares. “We are in love, not fighters,” said Jensen. “Now I am an Intel shareholder.” Coreweave “The reason why we invest is that we imagine building something together,” said Jensen. “When we wanted to build a different type of cloud, we invested in a small business called Coreweave.” Quick advance until March of this year, Coreweave became a public, and Jensen said: “We have made a fortune”. Coreweave, which rents the use of NVIDIA fleas to provide calculation power to companies that build and develop their own AI, estimated its first public call to public at $ 40. The action is now negotiated about $ 130 per share. OPENAI “We will invest in Openai,” said Jensen. “The partnership with Openai is really increasing to all the work we have done with Azure, Oci and Coreweave.” Azure is the Cloud unit called the Microsoft Club and OIC means Oracle Cloud Infrastructure. OPENAI will buy directly from Nvidia. Normally, cloud suppliers buy from Nvidia and rent to companies. Last month, NVIDIA announced its agreement to invest $ 100 billion to help Openia develop 10 gigawatts of the capacity of the artificial intelligence data center in the years to come. The money will be gradually allocated as each gigawatt is deployed. Jensen said that anywhere, the United States must win on AI so that the world, including China, relies on American technology. (See here for a complete list of Jim Cramer’s Charitable Trust’s actions.) As an abundance at CNBC Investing Club with Jim Cramer, you will receive a commercial alert before Jim is doing a business. Jim is waiting for 45 minutes after sending a commercial alert before buying or selling a stock in the portfolio of his charitable trust. If Jim spoke of a stock on CNBC TV, he waits 72 hours after issuing the commercial alert before running the trade. The above information of investment clubs is subject to our terms and conditions and our privacy policies, as well as our warning. No obligation or fiduciary duty exists, or is created, due to your reception of the information provided in relation to the investment club. No specific result or profit is guaranteed.
