NVDA’s GTC conference started this week. The above link is to the recording of CEO Hwang’s keynote presentation. If you are an NVDA investor or are considering investing you must watch this 2.5 hour video. All I can say is WOW, HOLY MOLY!!
There were so many product introductions and announcements that it left my head spinning. This company is innovating so fast that I can hardly believe it. The recording is a must watch, but here are a few highlights that I can recall:
Introduced the next version of Volta 6 MONTHS AFTER VOLTA WAS INTRODUCED. this new version is twice as powerful.
Demonstrated real-time ray tracing technology that can make photorealistic images at 60 frames per second compared to the current one frame per 10 hours that the industry currently can do. Hwang said that this has been the holy grail for 40 years and is now possible. There are many applications that will use it.
Announced that they now have 370 partners in the automotive sector that are developing on NVDA’s chips for autonomous vehicles. This is up from 220 last year and 320 recently!!! They also announce the next 2 versions of chips that will be used in autonomous vehicles. This is just amazing progress.
They demonstrated video from autonomous vehicles drive around which is pretty amazing.
They introduced Constellation which is how they will test billions of miles of AVs in a virtual world. Twenty cars can only test a million miles in a year in the real world so virtual testing will be required to test safety. There are 10 trillion miles driven per year and it will be impossible to test enough miles by actually driving. There are 770 accidents per 1 billion miles. AV will be much safe than humans driving around.
I have little doubt that NVDA will enable very fast development and introduction of level 5 vehicles in a few years. With 370 partners who is left to use other hardware/software? Intel has little chance in my opinion.
NVDA introduced CLARA a cloud based AI system that can be connected to the install base of older medical instruments such as ultrasound and many others. Hwang said that there are 3-5 million of these legacy instruments and that only 100,000 are replaced every year. CLARA will automatically “upgrade” these old system and instantly provide them with additional capabilities. Amazing to watch the demonstration.
New version of TENSOR was announced.
NVDA uses 660 petaflops of commuting power internally and they will be upgrading that to more. The world’s most powerful supercomputers have about 100 petaflops. NVDA basically has the world’s most computing power.
They demonstrated a holodeck with a driver that was driving a car in the real world from the holodeck. This was like the movie Avatar! Incredible!
They demonstrated distributed computing where 4 GPUs running “on-prem” where connected to the cloud to speed up the processing by a huge amount.
They announced that Titan V is out of stock and they are try to more build ASAP. A few days ago that announced supply issues with GeForce. It looks to me that NVDA is moving so fast and that their products are so popular that they can’t make enough or they underestimated what was need to satisfy all the demand. NVDA will solve this, but it tells me 2 things. First, NVDA’s technology is advancing at a blistering rate and maybe even they are underestimating how fast they are changing the world and directly influencing progress. Second, it appears that NVDA’s Q1 results which will be announced in early May will blow away estimates (my opinion).
There’s probably more stuff that I left out. The video is a must watch!
I am now more confident that NVDA will continue to grow. How much I don’t know, but I’m more confident than before that NVDA may well become the world’s largest company by market cap within a decade. And during this keynote the stock started falling. Sure it fell with the rest of the market, but still. All these announcements and it dropped? I saw this as an opportunity and I couldn’t resist adding to my position.