Siddy holds a Master’s degree in Economics from the University of Antwerp and a Master's degree in Financial Management from the Vlerick Business School. Passionate by innovation and entrepreneurship, he also participated to an Executive Master in Venture Capital at the Berkeley Haas School of Business. Prior to joining Econopolis, he managed the Investor Relations & Treasury office at Orange Belgium, a telecom company. Siddy also held the position of Telecom, Media & Technology analyst at a large Belgian Asset Management firm. Further, he is also active in the advisory board of StartupVillage and The Beacon, a business and innovation hub in the center of Antwerp focused on Internet of Things and Artificial Intelligence in the domains of industry, logistics and smart city. At Econopolis, he is Portfolio Manager of the Econopolis Exponential Technologies Fund.
Fiery Flash: Nvidia
Nvidia certainly earned the title of Fiery Flash this past week, being the top performer in the S&P 500, just ahead of specialty chemicals manufacturing company Albemarle and fellow AI infrastructure companies Oracle and Arista Network. Nvidia rose by 15.9% last week, achieving a YTD performance of 140.6%.
The immediate catalyst for this strong performance was Nvidia CEO Jensen Huang's participation in a fireside chat during the prestigious Goldman Sachs Communacopia + Technology Conference. This annual broker event, held in San Francisco, brings together top figures from the media, communications, and technology sectors, with a special focus on cloud computing, semiconductors, and AI. Such broker conferences are gatherings organized by financial institutions, often investment banks or brokers, where investors, analysts, and company executives meet. These conferences aim to inform investors about company performance, future strategies, and economic trends.
During his talk, Jensen Huang argued that NVIDIA differentiates itself by providing not only hardware but also software specifically designed to optimize that hardware. This allows NVIDIA to execute certain tasks much faster than traditional processors, giving the company a strong position in fields such as machine learning, image processing, and data analysis. He also explained that as CPU performance growth slows, specialized hardware like GPUs is needed for accelerated computing, making data centers more efficient and saving both space and energy. NVIDIA has greatly increased computing power, which has led to the rise of generative AI. This technology enables computers not only to process data but also to understand it, unlocking new digital capabilities such as OpenAI's models, self-driving cars, and advanced robots.
Lastly, he noted that production of the new Blackwell AI chips is in full swing, with deliveries starting in the fourth quarter and further scaling next year. He highlighted that demand for these chips is extraordinarily high, as everyone wants to be the first to leverage this AI innovation and extract maximum benefit from it.
In short, a highly convincing performance by the Nvidia CEO, which gave the investor community clear confidence to continue betting on the immense potential their technology still holds for the future.
About the author
Siddy Jobe