Jim Cramer and Jeff Marks discuss AI and Nvidia's Blackwell platform. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
Squawk on the Street
Cramer's Morning Take: Nvidia 3/20/24
Jim Cramer and Jeff Marks discuss AI and Nvidia's Blackwell platform. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
CNBC Investing Club Disclaimer
- Duration:
- 4m
- Broadcast on:
- 20 Mar 2024
- Audio Format:
- mp3
electricity a big idea that's inspired countless new ones from powering the light bulb to virtually powering our entire lives 30 years ago State Street launched the spider S&P 500 ETF spy a big idea that inspired the world to invest differently and still does what can you do with spy before investing consider the funds investment objectives risks charges and expenses visit scea.com for a prospectus containing this another information really carefully before investing spies subject to risks similar to those of stocks all ETFs are subject to risk including possible loss of principal Lough's distributors and distributor Hey it's Kramer and this is my morning take on the market from today's CBC investing club morning meeting Jeff you've got a mixed market maybe that's just people are on hold because the Fed meets today church yields mostly unchanged I would say though that I think that once we get this out of the way I think going to resume a tech rally given all the things I've heard out here within video Yeah I think getting it out of the way is a key point right I think we're all everyone's talking about Chair Powell probably leaning hawkish later today it will probably happen but I think the market understands that after last week the move up in yields is too but I agree with you I think in video still the big story you know you had your interview with Jensen a two-parter so far squawk on the street and man money last night another round come later tonight can't wait for that but I just thought the interview and everything they announced a GTC so impactful you know not just what NVIDIA is doing but really for society as well anything I have a few notes I want to highlight anything you want to talk about specifically first yeah I think that we got to talk about allocation I believe that the new chips this Blackwell are so powerful that everybody who you see in this room once some but you can they'll come out later this fall they are game changers I like to compare them to a propeller plane versus a jet plane if you listen to the robots here right now they seem a little bit I'd say off their game the new robots will be empowered to be able to talk much better to be much more fluid so that's just a good example of one thing that will change once you get Blackwell there'll be many things to change because it is such a step function ahead of what we currently have no I think that's a great point to and another thing keep in mind when you know we first had this rush of demand for these AI chips I don't really know if this supply was was ready for it right you know generate of AI and chat GBT that was kind of a overnight sensation at least now there's a little bit more of a roadmap to make these chips and one more thing I'd add about Blackwell's too is and and they really stressed this point at GTC and at the analyst Q&A that they had yesterday it this is a platform of hardware and software it's a computer system so you can't really think of NVIDIA as this commodity chip company anymore because they're building super computers and these super computers contained both hardware and software but it's networking as well and I think that's one of the key differences here that that's the argument NVIDIA's really trying to make right now don't think of it as a marketing start your day with my outlook on the market every morning visit cbc.com/morningtake to become a CMC investing club member at a special rate today all opinions expressed by Jim Kramer on this podcast and in connection with the CNBC investing club are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC, Universal or their parent company or affiliates and may have been previously disseminated by Kramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. The opinions offered in connection with this podcast and the CNBC investing club are not an attempt to induce any particular trading behavior investment or strategy. You should be aware of the risk of loss and following any strategy or investment discussed in the content from Kramer. To view the full CNBC investing club disclaimer please visit cnbc.com/investingclubdisclaimer. This is Rob Wilhite founder of the Wilhite law firm. If you've been seriously injured in an accident you want Wilhite to handle your case. Awarded best law firm in 2023 Colorado drivers know that when their hit we hit back harder. Our firm stands up to insurance companies who want to keep the settlements down. Big accident win big with Wilhite. Get your free case review right now just call 303 Good Law today or visit WilhiteWinds.com and chat with us 24/7. That's 303 Good Law or WilhiteWinds.com