NVIDIA Showcases AI Breakthroughs, Omniverse Platform, and New Partnerships at GTC 2023
March 28, 2023
Lead Tech Analyst
The tech giant reveals cutting-edge AI advancements, a powerful cloud based Omniverse platform, and strategic collaborations in the automotive industry.
This year at the GPU Technology Conference (GTC) 2023, NVIDIA unveiled a series of groundbreaking AI innovations, talked about upgrades to their Omniverse platform, and highlighted new partnerships that promise to revolutionize the world of computing and automotive manufacturing.
AI Breakthroughs and Applications
NVIDIA showcased its first PCIe dual-GPU in years with applications to train the latest generative AI models, GPT4. NVIDIA has been involved with the training function of these models which have the potential to transform many industries, from language processing to visual content creation and even biology. The company also demonstrated AI Foundations, a new set of cloud services that enables the creation of custom language models and generative AI. Partnerships with Getty Images, Shutterstock, and Adobe highlight the potential of these new AI tools in creative fields.
Our first coverage of Nvidia’s AI thesis began nearly five years ago in the analysis “Holding Nvidia Stock Will Pay Off Due to Two Impenetrable Moats” Since then, the stock has returned 436%. More recently, in January, I discussed why Nvidia powering OpenAI and Microsoft is a great way to play this trend in my interview with Real Vision. Watch the Video here.
NVIDIA Omniverse: Unifying Global Industries
The conference spotlighted NVIDIA's Omniverse, a digital twin platform that allows industries to simulate, optimize, and plan their operations in a virtual environment. The platform has already been adopted by major automotive manufacturers like BMW, Toyota, and Mercedes-Benz to optimize their assembly lines, plan operations across multiple factories, and accelerate digitalization.
Collaborations with companies such as Rimac and Lucid Motors further demonstrate the versatility of the Omniverse platform in creating digital stores and facilitating virtual planning sessions for the automotive industry.
I spoke with VP of Omniverse and Development Platform, Richard Kerris, in a candid one-on-one interview last year. You can view the full-length interview here: “How to Value the Metaverse.”
In our conversation, I asked Kerris about CEO Huang’s well-publicized comment that the “Omniverse or Metaverse is going to be a new economy that is larger than our current economy.” – essentially, what I wanted to know is how can the Metaverse grow to this size considering the dominant influence the internet has on the global population?
Here is what Kerris said:
“[The Metaverse] is going to be many times bigger than the web because of what a virtual world can do for business, for education, for medical, for all sorts of things including entertainment; we’ve just begun to scratch the surface of these possibilities […] You’ve probably heard the term digital twin. One example is what it’s going to do to revolutionize the industrial market, design and manufacturing. Well, a digital twin is a true-to-reality twin in synthetic worlds of what happens in the physical world. We are seeing this transform these things because when you can make decisions in that synthetic world before you commit to it in the physical world, you have a lot of cost savings.” –Richard Kerris
New Hardware, Systems, and Cloud Services
NVIDIA unveiled its latest hardware, including the Ada RTX GPUs and the OVX servers, designed to run the Omniverse platform efficiently. The company also introduced new chips, Grace, Grace-Hopper, and BlueField-3, engineered specifically for energy-efficient focused data centers.
The tech giant announced the NVIDIA Omniverse Cloud, a fully managed cloud service in partnership with Microsoft Azure. The Omniverse Cloud will be integrated with Microsoft 365 and Azure IoT Digital Twins services, connecting hundreds of millions of Microsoft 365 and Azure users. This is a key partnership and a remarkable highlight from the event for public investors.
Since our first coverage of Microsoft, the stock has returned 148% compared to Amazon’s 15%. Read my previous coverage on Microsoft here where I discussed in 2018 “How Microsoft Could Overtake Amazon on Cloud Infrastructure” and also “FAANG-Leader Microsoft is Banking on 4 Key Trends.”
NVIDIA DGX AI Supercomputer: A Modern AI Factory
Spearheading the AI revolution, NVIDIA's DGX H100 AI supercomputer provides the processing power needed for mass-scale AI applications. The company expanded its business model with NVIDIA DGX Cloud, partnering with Microsoft Azure, Google GCP, and Oracle OCI to bring AI supercomputing to companies via a browser.
A few months back, I encouraged investors to stay long Nvidia through the crypto mining selloff with an editorial in September “Nvidia is Ready to Rumble with RTX 40 Series and H100 GPUs” – the stock has returned 113% in roughly 6 months and is the number one performing stock in the S&P 500.
The Future of Accelerated Computing
With a focus on energy efficiency, strategic collaborations, and wide-ranging applications, NVIDIA's accelerated computing ecosystem is poised to play a significant role in shaping the future of industries globally. By combining the power of AI, digital twin technology, and strategic partnerships, NVIDIA continues to show that it will push boundaries of what's possible in technology and industry.
This year's GTC demonstrated NVIDIA's commitment to moving industries forward, improving energy efficiency, and driving innovation through AI and advanced computing technologies. As the entire world races toward digitalization, NVIDIA stands at the cutting edge, helping businesses tackle the challenges and opportunities that lie ahead.
The AI thesis is important for the long-term thesis. In the near-term, Nvidia needs to recover the $2.5 billion decline that occurred following Ethereum’s merge to Proof-of-Stake (PoS) last August. I wrote about this in an editorial “Nvidia Stock: Evidence Gaming Has Bottomed and Why It’s Important” with the conclusion “The company’s swift and concise answer to the crypto mining selloff helps illustrate why Nvidia stands apart from its peers – primarily, that its products are superior, end-market demand remains strong, and management has many levers it can pull to quickly reverse a bottom. Since this article was written, the stock has returned 67%
What’s Next for Nvidia
The I/O Fund is an actively managed portfolio. We sent a trim alert last week on Nvidia and took gains. This is a position we have managed for 5 years, building up to 15% allocation and taking gains near the top, while layering in at the bottom. You can learn more about our Research Services here and our Verified Returns here.
Gains of up to 403% from our Free Newsletter.
Here are sample stock gains from the I/O Fund’s newsletter --- produced weekly and all for free!
+344% on Nvidia
+403% on Bitcoin
+218% on Roku
*as of March 15, 2022
Our newsletter provides an edge in the world’s most valuable industry – technology. Due to the enormous gains from this particular industry, we think it’s essential that every stock investor have a credible source who specializes in tech. Subscribe for Free Weekly Analysis on the Best Tech Stocks.
If you are a more serious investor, we have a premium service that offers lower entries and real-time trade alerts. Sample returns on the premium site include 324% on Zoom, 601% on Nvidia, 445% on Bitcoin, and 4-digits on an alt-coin. The I/O Fund is audited annually to prove it’s one of the best performing Funds on the market with returns that beat Wall Street funds.
More To Explore
Where the Market is Headed Next
When the market was selling tech last year, the I/O Fund was buying AI leaders. For example, from September 2021 through January of 2023, we initiated 9 buy alerts for NVDA below $210. The last two al
Apple Bets On The Emerging Markets Growth Story
The smartphone market continues to be hit hard in q1, with prices down 20% and shipments down 13%, according to Canalys. Despite double digit decline across the industry, Apple delivered marginal grow
Nvidia Will “Still” Surpass Apple’s Valuation
My coverage on Nvidia as an AI leader began in 2018 (yes, really – five years ago). Since then, I’ve covered the AI microtrend for this specific stock 27 times on my research site, which is the equiva
FAAMG Stocks Trading At Precarious Valuations
The mega-cap stocks that are known as FAAMG reported earnings recently. These names are driving the market higher, especially Microsoft and Apple. In fact, the percentage of Microsoft and Apple’s comb
Apple’s Stock In Focus: More Profitable Than Banks
Investors looking for the “next big thing” will point toward companies like Stripe, Sofi or Square as the leading fintech stocks. Meanwhile, the next big thing to disrupt the financial sector may be s
This Stock Price For Netflix Is A “Buy” For 2023
In April of 2022, Netflix surprised the markets by reporting its first subscriber loss in nearly 10 years. The stock tumbled 35% the following day, as investors panicked. Famed hedge fund manager, Bil
Where the I/O Fund Holds Cash When Banks Keeps Failing
Amidst the growing skepticism in our banking sector, we thought it would be helpful to introduce an alternative way to both protect and diversify one’s assets. The information below discusses a method
Tesla Stock: What You Need To Know About Q1 Earnings
Two months ago, we wrote that after realizing gains of 31%, it was time to take a time out on Tesla at the $208.31 price when our firm stated: “Right now, our technical analysis is at odds with our fu
Bitcoin Vs Banks: Here's Where the Price Goes Next
The recent decoupling of Bitcoin from equities, we believe, is the start of a new uptrend that appears to be inversely correlated to the financial sector. The financial media would have us believe tha
Official Press Release: I/O Fund’s Cumulative Returns Double the Nasdaq Following a Tough 2022
Actively managed portfolio and research site announces its largest cumulative lead over institutional all-tech portfolios. The I/O Fund defies a challenging market, outperforming peers and providing i