00:00Goldman Sachs expects a beat and raise quarter with investor focus on any updates for its trillion dollar data center
00:06revenue target.
00:07Let's discuss with the Bloomberg tech co-host Caroline Hyde. She joins me here on set.
00:11So I mean this is the big daddy. This is what we've all been waiting for. Right.
00:15And it comes you know late in earnings season. They have to beat and raise.
00:20And even when they do sometimes the stock still falls because everyone's already kind of looked at what the hyperscalers
00:27are spending.
00:27Understanding that $725 billion capex the rest of the full year and can just see a wall of demand coming
00:32in video's way.
00:33We want to get a little bit of context how much like TPU over at Google or some of the
00:37basically the ASICs the bespoke chips being made by the hyperscalers whether that's eating in at all.
00:42But this is a 5.4 trillion dollar company that is posting more than 70 percent revenue growth.
00:49This is inexplicable in many ways from the exponential nature of the company.
00:53But we want to hear about how they continue to ramp. Yes you know that Blackwell is doing really well
00:57from an architecture perspective.
00:59How is Vera Rubin doing? How is the CPU trend doing?
01:02How are some of the purchases talking of M&A? Remember they bought in this rather odd acquisition grok with
01:07a Q not a K.
01:09How is that working in terms of the inference needs that they're getting?
01:12That's sort of some of the intricacies we want to get to grips with.
01:14But this is a stock that is relatively cheap. Remember in terms of its forward guidance the P.E. ratio
01:18is like 24 in the forward 12 months.
01:22So people still think it's still relatively able to buy at this. Amazing at this size and the fact that
01:27it moves so much.
01:28I mean on Friday it was down more than 4 percent. On Thursday it was up more than 4 percent.
01:33So we're talking about billions of dollars on some days you know hundreds of billions of dollars moving around.
01:38And that element what sent it down on Friday is China. And the fact that maybe we won't say suddenly
01:45that's what was it 50 billion dollars worth of
01:48TAM that he saw in the near term coming from China demand. He still can't get his H 200s in
01:52there. Jensen Huang.
01:54So that's going to be once. We want to hear a little bit more detail of how he's feeling about
01:57the potential demand coming from China.
01:59He can't he can get them in there. China don't want to take them. Right. Yeah.
02:03You're saying go for it. Yeah. But meanwhile China's like no thanks. We want to build internally. We're dependent on
02:08Huawei and the likes.
02:09And so we heard that from President Trump. We're going to hear what Jensen Huang thinks about it as well.
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