We convened a Club meeting at Palm Beach Gardens on Saturday. We just didn’t know it. My wife, Lisa, and I were signing bottles of her finest Fosforo mezcal at Total Wine & More, and I can’t believe how many people showed. It reminds me that Florida has to be the venue for our next Club convention. We have too many fans to count. I wish I could say that we had 150 Tobala aficionados. We did have quite a few. But the first, and some would say, the only order of business was what I am doing out here in San Francisco right now, going to meet Nvidia founder and CEO Jensen Huang, the self-effacing genius I call DaVinci, because like the earlier version, Jensen has been thinking decades ahead. I’d say centuries but that might be a tad hyperbolic. He’s amazing. Jensen’s speech at Nvidia’s annual GTC developers conference on Monday will be a transformative moment in artificial intelligence as the website, complete with a countdown clock, boasts. There was this pretty great piece about Jensen from a couple of months ago in The New Yorker , where there are several references to how he doesn’t like public speaking. You won’t know that from Monday’s speech. He likes to break news, he likes to explain, and he likes to compete. This speech will be all that and more. Will it propel the stock of this AI chip powerhouse that’s up a staggering 77% year to date after more than tripling in 2023? I don’t think I would ever say this about anyone on else, not even Lisa Su, CEO of Nvidia’s rival Advanced Micro Devices , another competitor from the same coaching family tree. But will you give the man a break? I think Jensen deserves one day a year when he can trace out a vision without a per share attached to it. One day when he doesn’t have to explain how he can handle the transition from the H-100 to the H-200 or if he can keep those gross margins at 70 plus. I remember once going to hear the late Intel CEO Andy Grove speak at an event after the chipmaker had just crushed it in the…
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