Beth Kindig Discusses AI Stocks with Tier 1 Media
July 05, 2023
Beth Kindig
Lead Tech Analyst
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% 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.
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.
Beth on Bloomberg Markets: Nvidia benefits from Accelerated Computing and Generative AI
Beth Kindig discusses Nvidia's competitive strength and AI. She speaks with Rishaad Salamat, David Ingles, and Yvonne Man on "Bloomberg Markets: China Open." Beth Kindig highlights that the company is very resilient and insulated. The reason is that companies have been saving cash to buy accelerated computing for the data center and Generative AI applications. Most tech companies are coming under tighter tech budgets, but the one area of growth is specifically AI within Big Tech capex budgets. This is the market Nvidia serves.
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Beth said that semiconductors will continue to be winners because this is what is enabling accelerated computing. In the past, data center investment was focused on processors. Now, they have to move to accelerated computing, and that’s where Nvidia benefits because NVDA is the leader in parallel processing.
At minute 3:00, Beth outlines the risks for China, stating that any long-term Nvidia investor should be prepared for China to be the primary threat for this company. “This can rock the stock, so to speak,” she stated. AI is an immense opportunity but “for these major design companies which includes AMD, China could not be more important.”
The video was originally recorded on May 25, 2023.
Real Vision
Beth was also interviewed by Real Vision, where she followed up on her initial call in January to buy Nvidia. At the time, she was asked what would cause her to sell the stock and she “absolutely nothing except maybe World War 3.” Fast forward, and today Beth has the highest returns from the 3 Ideas Series on Real Vision. The follow up is behind a paywall, but those with a Real Vision membership can view it here:
The video was originally recorded on May 25, 2023.
As stated in the article, Beth Kindig and I/O Fund currently own shares of NVDA. This is not financial advice. Please consult with your financial advisor in regards to any stocks you buy.
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