Locator: 49275NVDA.
At some point the news coming out of Nvidia is more than just investing. This is so much more: politics, national security, running circles around China. Seriously, I no longer care about the investing aspect. I simply find it fascinating. Don't take this out of context but I really don't need to add any more tech to my portfolio, but it will happen ("it" being adding to my tech positions).
The panel on "Fast Money" spoke for fifteen minutes (probably longer) about P/Es and "circular financing" and "engineered financing." They haven't yet mentioned where's all the money coming from, but that's the next question. Do an AI search: "circular financing" and "engineered financing."
Not once did they mention two new supercomputers (AMD) and seven new supercomputers (Nvidia) -- these are for the most part US federal government supercomputers and/or US federal government financed supercomputers. That's not circular financing and that's not engineered financing.That's real money. Yeah, yeah, year -- US taxpayer money. Get over it.
This is truly unparalleled. I have had long discussions with my imaginary friend trying to come up with an analogy. It took a bit of time, but this is what we came up. The current fourth industrial revolution may be bigger than these three:
- the interstate highway system: 1956 through the 1990s;
- the Manhattan and Apollo programs combined: 1942 - 1946; and, 1960s - 1970s;
- the electrification of everything: 1880 - 1930.
If you knew then what you know now ...
It was Jensen Huang's day today. A huge day for Jensen Huang. Four things:
- $5 trillion market cap for Nvidia; some are already talking about a $6 trillion market cap;
- Blackwell;
- (Vera) Rubin;
- to partner with Palantir.
If you've forgotten about Blackwell and Rubin, from August 14, 2025:
Locator: 48855CHIPS.
The Nvidia Rubin is a
next-generation AI superchip, featuring both a Rubin GPU and a Vera CPU.
It's designed to succeed the Blackwell architecture and will utilize
HBM4 memory.
- the Rubin GPU will be paired with the Vera CPU, a custom-designed processor, to work together seamlessly.
- mass production is slated for late 2025, with availability expected in early 2026.
- it
will feature advanced HBM4 memory and is expected to deliver
significant performance improvements, particularly in AI training and
inference tasks.
- Vera CPU:
The Vera CPU is Nvidia's first custom-designed CPU and is built to work in close coordination with the Rubin GPU.
- release timeline:
The Vera Rubin superchip is scheduled for release in 2026, with initial availability expected in the second half of the year.
- key
technologies:
The Rubin architecture will incorporate TSMC's 3nm process and leverage
NVIDIA's first-ever chiplet design. It also includes a new NVLink 6
architecture and next-generation networking components like CX9 smart
NICs.
- performance Ggoals:
The Vera Rubin system aims to achieve a significant increase in
performance compared to previous generations, potentially multiplying
exaflops by 15 and scaling the future of AI infrastructure. For example,
a fully equipped NVL 144 rack system is expected to deliver 3.6
exaflops of FP4 inference compute.
Know what really drove Nvidia today? Jensen dispelled memes that he has an excess of his older blades and can't sell them because customers are looking to his new blades. In fact, he says, he won't have enough old blades. It turns out that the "old blades" do what 90% (pick your number) of what customers need and he simply doesn't have enough old blades to meet demand. By the way, folks might remember the Oracle / Ellison / Nvidia blades story.
