Latest news with #Jensen
Yahoo
9 hours ago
- Business
- Yahoo
NVIDIA Corporation (NVDA): Deflation Is Coming From The Robots, Says Jim Cramer
We recently published . NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed. NVIDIA Corporation (NASDAQ:NVDA) is the world's premier AI company. June and July have been great months for the stock as they have enabled the firm to once again become the most valuable company in the world. Cramer is an ardent believer in NVIDIA Corporation (NASDAQ:NVDA)'s potential and the promise of robots. His latest comments revolved around these themes as well: 'There's a man. And that man met with the President yesterday. Jensen. And what he stands for is two things. Accelerated computing and generative, which is incredibly deflationary. Not in the numbers yet. You want to see something in the numbers? David, you go and see the Norwegian robots. The Norwegian robots. . .you go see those robots. I've got to tell you. Andy Jassy told me maybe 2030, but these are the most deflationary things I have seen because they can make your bed, they can put the dishes away. They save a lot of marriages, by the way. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. Previously, the CNBC TV host remarked on how NVIDIA Corporation (NASDAQ:NVDA)'s CEO is changing the world: 'The real Jensen deserves everything. And people don't understand this man's changed the world and it's not just AI. It's rapid computing. Okay. The faster you are in accelerated computing, the more things you can do. And this is the man that made it so that we're gonna have robots that make our beds and clean our toilets instead of him. . .Don't forget when CoreWeave was struggling with its deal, what did he do? He came in and said listen I'll buy as much CoreWeave as possible. Now, it was viewed as a charity mission. But he bought it at 40. This man is so smart. Does he ever make you feel that you're dumb? No, he makes you feel that you're smart.' While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Axios
16 hours ago
- Business
- Axios
Anthropic launches its first big disruption to the finance industry
Anthropic is teaming up with financial services firms to launch a unified Claude interface for simultaneously analyzing market data across multiple sources. Why it matters: It's Anthropic's first big disruption for one industry: finance. And it won't be the last. Wall Street sees adoption of AI-powered tools like these as rocket fuel for profits. How it works: The idea is an AI tool that pulls in data from PitchBook, Morningstar and Daloopa all at once to answer analyst questions. This paid plan will only be available for customers of the Claude Financial Analysis solution — a version of Claude for Enterprise specifically tailored to financial analysts. Users will only get access to data from the platforms they're subscribed to, so if an analyst puts in a prompt about venture capital funding but doesn't have PitchBook, their answer might include data from another source, like Morningstar. What they're saying:"How can you think about transforming the workforce with AI ... something that is actually purpose-built for a whole set of employees or for a whole industry?" Anthropic's chief revenue officer Kate Jensen tells Axios in an exclusive interview. Jensen says finance was a natural first-choice sector to target, given demand from customers. Between the lines: Why would firms want to partner with AI companies and risk taking eyeballs away from their own platforms? Because it makes their tools easier to use, making the value proposition more apparent, Anthropic says. The intrigue: Analysts have described the financial sector as an area that's ripe for AI disruption, which could result in job loss, especially for junior employees. Aaron Linsky, CTO, AIA Labs at Bridgewater, wrote in a statement provided by Anthropic that "Claude powered the first versions of our Investment Analyst Assistant, which streamlined our analysts' workflow ... with the precision of a junior analyst." That quote might be scary if you're a junior analyst. Catch up quick: Anthropic CEO Dario Amodei told Axios in May that AI could wipe out nearly half of all entry-level white-collar jobs. Jensen agrees with Amodei's sentiment, but adds that it's important to consider how AI-first job expectations could evolve to create more opportunity. "It's not displacement; it's evolution in a different way," she says, adding that she expects different things from her team now that they have Claude. "They have to be better now, which is really fun as a manager. ... You have these tools at your disposal that allow you to be much more thoughtful, much more creative, do much more research than I might have expected two years ago." The bottom line:"We're seeing corporate America adopt AI," said Lou Miller, global head of equity custom baskets at Goldman Sachs, on a company podcast. "There's going to be margin benefits there."
Business Insider
5 days ago
- Business
- Business Insider
The hottest job in private equity: Keeping investors happy
Fundraising in private equity used to be relatively easy. First, you'd schmooze with executives of foundations, endowments, and pension funds, and then they'd write you a check with 6, 7, or even 8 zeroes. You'd go back for an even bigger check five years later, after doubling their money. Rinse and repeat. Now, with private equity returns slumping and allocations to buyout funds increasingly maxed out, firms are finding they need to work a lot harder to get those big checks — driving up demand for professionals whose job it is to woo investors and keep them happy once they've invested. Hiring for fundraising and investor relations roles at private equity and alternative asset firms surged to a record 3,378 in 2024, nearly double 2020 levels, according to data from recruitment firm Jensen Partners. That momentum has carried into 2025, said Sasha Jensen, founder and CEO of Jensen Partners, noting that first-quarter hiring hit another record high. A survey from recruiting firm Odyssey Search Partners suggests pay for this group is also rising. Total compensation grew an average of 20% from 2023 to 2024, the survey of alternative industry fundraisers and investor relations professionals showed. "There's a short supply of what the general partners are looking for," Jensen said, referring to the industry term for the financial sponsors in charge of these funds. Business Insider spoke to four recruiters who specialize in hiring professionals who interact with investors on behalf of private equity firms and other alternative asset managers. They broke down the jobs, skills, and experiences that are most in demand as a result of the fundraising squeeze. Sales skills vs Rolodexes There is an age-old debate on Wall Street about what makes a salesperson shine — their Rolodex or their sales savvy. Demand for professionals with preexisting relationships continues to be high in some investment hotbeds, like the Middle East and Asia, said Jennifer Xu, head of investor relations recruitment at Selby Jennings. But overall, times have changed. "We tend to view the Rolodex as being a little bit overvalued. In today's world, no allocator will invest in a fund just because a known quantity is representing it," said Lisa Steele, a partner at recruiting firm BraddockMatthewsBarrett. Recruiters said clients are looking for fundraisers with a proven ability to run a good sales process, keep track of outbounds to new investors, and continuously develop a new pipeline of potential investors. In other words, people who can sell to investors and win meetings without a preexisting relationship. "This is not rocket science, but it is a process," Steele said, adding, "The sales process in institutional fundraising is very long, and somebody has to be comfortable and thrive in that process." Private wealth "army" As institutional fundraising dries up, more private equity firms are launching products they can sell to high-net-worth individuals — a trend started by Blackstone in 2017. Jensen Partners' data shows that demand for professionals who can sell alternative investments to private wealth channels jumped 40% last year over 2023. Selling to wealthy people is different from institutional fundraising. These products often need to be greenlit at the firm level before fundraisers can even begin persuading individual wealth advisors to pitch them to their clients. Both Steele and Jensen said it can take an "army" of fundraisers to be successful. As with institutional fundraisers, firms are looking for professionals with proven experience and comfort with the process, which tends to move more quickly than institutional fundraising. "In private wealth, you're in a world where they're executing and closing much more quickly," Steele said. Some firms are adopting a sales model popular among traditional asset managers: the external/internal approach, Steele said. In this setup, externals handle field sales, while internals support from the office, including by supplying key sales information to the externals. Talk like an investor Investor relations professionals are in high demand because they play a key role in fundraising. Once the investor is onboarded, they take over the relationship, keeping fund investors, known as LPs or limited partners, informed. The right IR team can mean the difference between a bigger check at the next fundraising round — or no check at all, recruiters said. The job is increasingly demanding, said Anthony Keizner, cofounder of Odyssey. "LPs want more frequent updates about their investments as they answer to their own stakeholders," Keizner said, adding, "they might want to know, for example, the effects on their investment from macro environment changes like tariff policies or a Fed rate cut." Jensen said she is also seeing demand for professionals who work with investors at the capital formation stage, making sure investments are structured to the LPs' liking and acting as a de-facto portfolio manager. She referred to them as strategic account development or strategic partnership professionals and said they tend to be senior executives with deft communication skills, acting as translators between their investment team and the LP. "From an LP's perspective, you need a point of contact that can sit and talk toe-to-toe with the CIO," Jensen said. "They need to know exactly what risks the CIO is prepared to take on the platform, and communicate how they should structure investments around their portfolio." Transferable skills Recruiters said their clients are looking for sure bets — or what Xu called "someone who's plug-and-play." Given the rising demand for these roles, however, some employers have become increasingly open to candidates with transferable skills and experiences. "You might have sat on the investment side, decided you have the DNA of a salesperson, and made the pivot," Jensen said. People with backgrounds in consulting have also been known to make the pivot, she said. On the private wealth side, firms have considered candidates in sales roles at traditional asset managers, Steele said. "One benefit is that they have highly rigorous training, which is hard to find in alternatives sales," Steele said. Some firms are responding to the talent shortage by building their own in-house programs to train entry-level workers. "In recent years, there's been more of an effort to train entry-level investor relations professionals," Xu said. Entry-level fundraising jobs are few and far between. Xu said firms that hire at this level tend to task those staffers with preparing presentations, running data, and providing behind-the-scenes support. Find your niche Recruiters said specialization is increasingly in demand, especially at large firms looking to raise money for distinct investment strategies, such as private credit, infrastructure, or private equity secondaries. Xu said even the specialists are becoming more niche, with private credit specialists narrowing their focus to areas such as asset-backed finance or direct lending. It could also mean having expertise in a specific style of LP, like insurance. One in-demand role is a head of insurance to help usher more insurance capital, especially for credit funds that use that money to make loans. "When a private equity firm decides that they're going to develop a credit business, they're most likely going to hire a person or team that's focused on credit fundraising," said Bill Matthews, partner at BraddockMatthewsBarrett. "The generalist model doesn't work so well when you're developing different business models."
Yahoo
5 days ago
- Business
- Yahoo
Nvidia has 2 big 'upside opportunities' fueling long-term growth
Nvidia's (NVDA) future still looks bright with new artificial intelligence (AI), robotics, and software opportunities on the horizon. Yahoo Finance Technology Editor Dan Howley and TECHnalysis Research president Bob O'Donnell join Market Domination to explain why Nvidia still has an edge despite growing competition from Advanced Micro Devices (AMD) and other tech giants building their own chips. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Bob, want to get you in here as well. You know, I bet there are some viewers and investors, Bob. They see when Nvidia hits a milestone like this, maybe they sort of think of it the same way as when they see a headline, you know, the market hits new record, they think, ah, you know, missed my shot. What do you think about that? What do you see ahead in Nvidia? What are the catalysts ahead for Jensen's one company? Uh, well, look, it's I there's I still think there's a lot of opportunity, Josh. And you know, it is easy to think, oh, all right, that's it, they're over and done. But there are so many things that are really just starting to happen. And again, this is where you just you have to give Jensen a lot of credit because he was thinking way in advance on a bunch of these things. Um, and so I mentioned earlier at at the top of the show, we talked a little bit about this notion of enterprise AI factories. Um, uh sovereign uh AI factories, where you've got countries and companies making the investments. Again, that's just starting. So that's opportunity. Let's not forget also, right now, we've been talking about AI is kind of this general purpose blade that can cut through anything. But as you start to refine the AI capabilities, you start to think, okay, now how do I apply it? First thing, of course, that he's been talking about is robotics. And that's a huge upside opportunity. And again, you know, they had robotics platforms years ago that, you know, were very basic, quite honestly, but he set the stage, built the software, built the tools, and now he's seeing how some of the other pieces that he's had can be combined with that robotic side, and all of a sudden, open up a whole new set of opportunities. The other thing that I think doesn't get much attention and I bring it up every time I I'm, you know, I'm here and talking with you guys, but there's a software story. There is a software story that he's starting to build up as well. If you want to get access to the latest, you know, Blackwell chips and what have you, when he sells it to companies like Dell and HPE and Lenovo and these guys that are selling the infrastructure to enterprises and and to other governments, you know, it's comes with Nvidia's software platforms and those have licenses, if you know, license fees if you choose to use them. And he's got a bunch of other tools that are part of it too. Now, you know, right now, that's small, but again, if we're thinking longer term, uh, then you certainly see that opportunity on the software side, again, robotics, of course, you know, arguably automotive is a different form of robotics when we think about autonomy. Uh, so there's that still, that possibility. Uh, so I I think there's plenty of upside still there. Um, I do, again, think that we're going to see much more competition from them. Everybody wants to have somebody who can compete against, you know, the king of the hill. Uh, so that's going to be a a part of the story. But again, I think another big barrier that they overcame that, again, the market is kind of getting their heads around, as I mentioned earlier, is this, hey, China, maybe, no, maybe, yes, but it's all gravy. And that, I do think, is a is a big factor that helps keep this thing moving. Dan, I want to bring you back here as well. Bob mentions competition. How do you see the the competitive landscape, Dan, for Nvidia now and ahead? Where's the competition going to come from? Is it, you know, is it the AMDs, Dan? Is it is it the tech giants in Nvidia's own customers? Uh, a little bit of column A, a little bit of column B, eventually. Uh, right? We have uh AMD has their their latest chips that uh, you know, they're marketing as comparable to what Nvidia has right now with the Blackwell. Um, but you know, I think the the fact that so many customers have already built on Cuda, which is the software that allows you to access uh Nvidia's chips, you know, kind of go in there and turn a uh graphic accelerator into a general purpose kind of computing chip uh for AI acceleration. That has a lot of people locked in and you know, AMD offers a competing uh piece of software that's that's more open source, but you know, I think at this point a lot of people are in that kind of Nvidia camp for the time being. Now, look, if the if they just built out a data center for Blackwell, they're probably going to get Blackwell Ultra if they're looking to upgrade. Um, it just slots in. That's a big selling point uh for Nvidia. If a company is looking to upgrade in the future though, uh and AMD is offering something that's as powerful and as compelling at a lower price, because that's their kind of go-to, then maybe that'll be uh a good uh a good opportunity for them. Intel, I I don't, I mean, they're not even really part of the conversation at this point when it comes to these AI chips. And then, you know, as you said, the the the actual customers themselves, the Microsofts, the Amazons, the Googles, yeah, they're building their own chips. That's good for them, but their customers may not want to use their chips. They may want to use Nvidia's. So they still have to buy those Nvidia chips in their data center, so that if you say, look, I want to put this AI model together, I want to run this AI model on an Nvidia platform, not your platform, the customers can still do that. So, regardless of whether or not they're they're using their chips for for training or things like that, when it comes to inferencing, these people may still want to use Nvidia chips and they have to put those in the data center as well. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Nvidia has the best product, but its real edge is having the best customers: Morning Brief
Why stop at $4 trillion? Nvidia (NVDA) bulls are looking to the next milestone: a market cap of $5 trillion. It's not particularly farfetched to imagine Nvidia becoming the first publicly traded company to grab both of those records. It was just over two years ago that Nvidia joined the $1 trillion club, riding the excitement over the breakout success of ChatGPT and reaping the rewards of building out an AI-focused data center business before AI became an earnings call buzzword. The stock is up 21% this year, the best performer in the Magnificent Seven behind only Meta (META), which has been busy building an ultra-niche Avengers team of highly-paid AI experts. "There is one company in the world that is the foundation for the AI Revolution and that is Nvidia with the Godfather of AI Jensen having the best perch and vantage point to discuss overall enterprise AI demand and the appetite for Nvidia's AI chips looking forward," wrote Wedbush analyst Dan Ives in a note on Wednesday. Nvidia's chips are at the forefront of the generative AI boom. The company has shed earlier concerns of being less well suited for use in AI models after they are trained and has benefited from countries vying to keep their AI data centers within their borders. Nvidia has also managed to shake off regulatory concerns at home. It pays to have a superior product. But Nvidia's empire was also built by having the best customers. As my colleague Dan Howley has reported, the biggest players in tech, each in command of vast fortunes and attempting to execute on grand ambitions, are spending hundreds of billions of dollars on the company's hardware. Tech behemoths, including Amazon (AMZN), Google (GOOG), Meta, Microsoft (MSFT), and Tesla (TSLA), rely on Nvidia's products to build out their data centers. The cloud-based AI offerings and internal AI models at the heart of the latest tech transformation have generated an industrywide line item paid out to Nvidia. The symbiotic relationship also favors Nvidia because the major tech platforms sit downstream of its chip supply. It's true that every player in the AI ecosystem is taking on huge risks. DeepSeek unleashing a brief investor panic was a painful reminder of that. But where the tech platforms have to eventually deliver on new, AI-centered services, fulfill promises and hype around building novel consumer habits, and usher in a new age of automated agents, all Nvidia has to do is keep selling chips. That's an oversimplification. And the fates of chipmakers and AI service providers are and will be intertwined. But the point stands: The onus of justifying enormous AI investments will fall more on the companies that have yet to profit from them. The tech giants still have to convince the rest of us to use and keep using their newfangled AI tools. All the while, Nvidia will be cashing checks from further up the hype chain. Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X @hshaban. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
