Tier 1 Media outlets such as Fox Business News, Bloomberg and Real Vision interviewed Beth four times over the past month about her call on Nvidia and also picked her brain on other AI-related topics.
Below are clips of Beth Kindig’s Tier 1 media coverage in the month of May and June.
Background:
I/O Fund Lead Tech Analyst Beth Kindig was early to Nvidia’s AI story with five years of coverage dating back to 2018 on the very specific thesis that this company would one day lead on AI. Beth’s prescient call on Nvidia and a handful of others led to the I/O Fund portfolio being positioned with a 45% allocation to AI stocks going into May. Compare this to Stanley Drunkenmiller, who had 29.5% allocationhad 29.5% allocation in AI, and has been covered by the press as the leading AI investor.
The stock is up 710% since her coverage five years ago when she stated: “Nvidia is already the universal platform for development, but this won’t become obvious until innovation in artificial intelligence matures. Developers are programming the future of artificial intelligence applications on Nvidia because GPUs are easier and more flexible than customized TPU chips from Google or FPGA chips used by Microsoft […] Data center revenue stands at 24% and is rapidly growing. When artificial intelligence matures, you can expect data center revenue to be Nvidia’s top revenue segment. Despite the corrections we’ve seen in the technology sector, and with Nvidia stock specifically, investors who remain patient will have a sizeable return in the future.
Source: YCharts
Beth on Fox Business News: Nvidia’s future AI dominance will be propelled by Software
In the clip below, Beth Kindig discusses with Charles Payne of Fox Business News how “it was a hardware that provided the $950 billion to $1 trillion market cap we see today [for Nvidia], but it will be software that will propels Nvidia into the Trillions for market cap.”
She specifically points toward DGX Cloud and AI-as-a-service for Nvidia’s software layer and how this is expected to eventually eclipse its hardware revenue. The cost of AI supercomputers can be several million dollars and Nvidia will help to lower the costs of AI development by allowing enterprises and startups to rent a supercomputer in the cloud for roughly $40,000 a month. Kindig states this is likely to be popular not only because the costs of AI development are prohibitive but because AI is a race in terms of time to market, as well.
The video below was originally recorded on June 9, 2023.
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Beth on Fox Business News: AI will drive $100 billion in revenue for Microsoft
Microsoft is another AI stock that Charles Payne interviewed Beth Kindig about later in the month of June. Payne specifically asked Kindig about her research note that stated the company is well positioned to increase revenue by $100 Billion. She cites Microsoft CoPilot as a primary driver as it can immediately increase enterprise spend on the Office 365 productivity suite, as well Bing Search which will add $2 billion in revenue for every 1% of market share that Bing takes from Google as a result of Chat-GPT. In addition to this, cybersecurity is a $15 billion market and it can easily double by 2027 with the help of AI.
The video below was originally recorded on June 15, 2023. You can view the clip here.
