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Technology Stocks : Artificial Intelligence, Robotics, Chat bots - ChatGPT -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (1)7/4/2017 12:48:24 PM
From: Glenn Petersen1 Recommendation

Recommended By
John Pitera

  Read Replies (1) | Respond to of 5513
 
A great idea for a board. High stakes are in play. While ca bit of hyperbole, Mr. Cuban is on the right track:

Mark Cuban: The world’s first trillionaire will be an artificial intelligence entrepreneur

Catherine Clifford
CNBC
Monday, 13 Mar 2017 | 9:54 AM ET

Bill Gates is the richest man in the world right now, with more than $85 billion to his name, and, according to one estimate, if he makes it to his mid-80's, he will likely be the world's first trillionaire. But self-made billionaire Mark Cuban predicts that the world's first trillionaires will actually be entrepreneurs working with artificial intelligence.

"I am telling you, the world's first trillionaires are going to come from somebody who masters AI and all its derivatives and applies it in ways we never thought of," says the star investor of ABC's "Shark Tank," speaking to a packed house in Austin at the SXSW Conference and Festivals Sunday night.

Ever faster computer processors and exponentially larger data sets are creating opportunity to apply artificial intelligence to new industries like insurance, says Cuban.



David Paul Morris | Bloomberg | Getty Images
________________________________

Mark Cuban, billionaire and star investor of the reality show "Shark Tank", gestures as he speaks at the 2017 South By Southwest (SXSW) Interactive Festival at the Austin Convention Center in Austin, Texas, U.S., on Sunday, March 12, 2017.

We will "see more technological advances over the next ten years than we have over the last thirty. It's just going to blow everything away," says Cuban, who himself started out as the child of a blue-collar family from Pittsburgh. He and Todd Wagner launched the internet start-up Broadcast.com and sold it to Yahoo for $5.7 billion in 1999.

"The world's first trillionaires are going to come from somebody who masters AI." -Mark Cuban, owner of the Dallas Mavericks

Google recently started using AI and has added $9 billion to its revenues as a result, Cuban has been told by sources within the Internet search giant.

"Whatever you are studying right now if you are not getting up to speed on deep learning, neural networks, etc., you lose," says Cuban. "We are going through the process where software will automate software, automation will automate automation."

As the pace accelerates, Cuban says the most desirable jobs and skill sets in the workforce will change. "I would not want to be a CPA right now. I would not want to be an accountant right now," says Cuban. "I would rather be a philosophy major."

As computers and robots increasingly replace technical skills, critical thinking will become yet more valuable. "Knowing how to critically think and assess them from a global perspective I think is going to be more valuable than what we see as exciting careers today which might be programming or CPA or those types of things," Cuban says.

Meanwhile, low-skilled workers are already losing their jobs to robots and automation. The Trump administration has said it will put people back to work by opening factories again, but Cuban doubts that that's possible, given the realities of automation. He called on the audience of innovators at SXSW to think about ways to create good jobs for unemployed Americans who have been put out of work by robots and AI.

"'What kind of opportunity can I create that gives these people hope for jobs and the ability to live a valuable life?' That's what people in this room can help think of, because our current administration is not going to solve that problem by thinking they are bringing back factories."

cnbc.com



To: John Pitera who wrote (1)7/4/2017 3:45:26 PM
From: rogermci®2 Recommendations

Recommended By
Doren
John Pitera

  Respond to of 5513
 
The initial battleground on the price of NVDA stock might set up this week at 134.80, the 50 DMA which also represents a 20% correction off the 168.50 high. Perhaps a tradable rally. An even better entry point might be the gap from 132.93 on May 18.

stockcharts.com



To: John Pitera who wrote (1)7/22/2017 7:24:08 PM
From: Gone to Money Heaven1 Recommendation

Recommended By
John Pitera

  Read Replies (2) | Respond to of 5513
 
Which is a shame because just looking at the numbers again makes me want to own the stock.

As I said at the outset, Nvidia has scaled itself into an enviable financial position, and the growth trajectory for the next few years is already likely to be set in.

Consensus estimates for FY’18 and FY’19 (Jan) appear subdued with forecasted EPS of only $3.08 and $3.45, respectively. I foresee scenarios where the street-high of $4.01 for FY’19 ends up being topped this year.

The FQ2 (Jul) outlook guides to sales of almost ~$2bn with gross margin of ~58.5% and operating expense of $605m inclusive of $75m stock comp. Taking margins closer to 60%, adjusted EPS should be closer to $0.85+ than the $0.69 consensus.

That’s how “analyst math” works when everybody has a buy rating. Nobody wants to end the momentum.

"after all the "technical bs this is the bottom line of this article".