Friday, February 10, 2017

"Nvidia CEO Huang: A.I. Is Just the Future of Software" (NVDA)

Barron's Tiernan Ray has had pretty good access to NVIDIA's Mr. Huang including January 6's "Breakfast With NVIDIA's CEO: "‘Reflecting on Destiny Meets Serendipity’" (NVDA)".
Here's his latest at Barron's Tech Trader Daily:
Shares of graphics chip giant Nvidia (NVDA) are up 10 cents at $116.48, in late trading, following a conference call held by CEO Jen-Hsun Huang after his company beat fiscal Q4 expectations this afternoon and forecast this quarter’s revenue higher as well.

Sales of GPUs into the gaming market rose 40%, year over year, to $1.348 billion. Sales of the company’s products for data center were up 67% from the prior-year period, and up 23% from the prior quarter, at $296 million. More data on the quarter is available in a document of commentary from CFO Colette Kraus on Nvidia’s IR Web site. 

CEO Jen-Hsun Huang was kind enough to talk with me by phone following the report. “I think that the results show we are the fastest growing technology company in the world,” he said. “We had a record quarter, a record year, and all of our businesses are growing.”

Said Huang, “this is the beginning of an exciting new period in computing,” based on his belief that artificial intelligence, and ways of achieving it, such as deep learning, are taking over all of software.

A.I. is just the future of software,” says Huang, in reply to my question as to whether deep learning showed up in other parts of the business besides just the “data center” product line.
Well, that’s an interesting question. The most important thing that’s happening is A.I. computing. Data center tripled. This is just the beginning. More and more of the game developers are using A.I. to control bots, and animation, and the list goes on. In the self-driving car business, if not for A.I., it would be a complete non-starter. In the enterprise business, you see healthcare with imaging, and the large pharma companies that are looking into A.I. Across the board, A.I. is going to revolutionize every industry. A.I. is just the future of software.

In very late pre-market trade the stock is up $3.45 at $119.83