We're pleased to share that our co-founder, Armina Rosenberg, was recently interviewed by SBS Finance Editor Ricardo Gonçalves for his "On The Money" segment. During the interview, they discussed why the Aussie market hasn't reacted to a US court's reversal of Donald Trump's reciprocal tariffs, as well as digesting NVIDIA's latest results and what it means for investors.
"Data centre growth was 73%, and that led to that overall revenue growth of 69% and net income growth of 31%," she said.
There are two key aspects at play here: China and fundamental AI growth, Rosenberg added. If it wasn't for Trump's stance on trade with China, net income growth would have been far higher, she said, with NVIDIA suffering a $4.5 billion inventory hit as a result. The more important thing for investors to take notice of from the result was the growing demand for more chips.
"We feel that people are really underestimating how much token use is due to things like reasoning models and the rise of agentic AI workflows. On the call, the CFO said that Microsoft used 100 trillion tokens in Q1... A 5x increase year on year. Reasoning requires hundreds of thousands of times more tokens per task than what you had in the previous one-shot inference," Rosenberg said.
So, is this growth sustainable, or is it a bubble that could eventually fade? Watch the interview to find out.