Blackwell is the word for Nvidia as the AI leader heads into 2025, with multiple configurations and a mid-year upgrade (B300/GB300) for its new powerful GPU set to ramp significantly over the next few quarters. As recapped to the I/O Funds premium members after its Q3 earnings report, the I/O Fund is tracking multiple supply chain signals indicating Blackwell sales will likely far exceed the GPU sales we saw in 2023 and 2024 combined to the tune of bringing Nvidia to $200 billion in data center revenue.Analysts are already increasing their forecasts for Blackwell shipments for Q4 and for Q1, with forecasts for 250,000 to 300,000 shipments in Q4 nearly tripling to 750,000 to 800,000 in Q1. This compares to previous views seeing Q4 shipments of 150,000 to 200,000 ramping to 550,000 in Q1. This suggests Blackwell revenue estimates for Q1 are already moving 40-60% higher, potentially driving positive revenue revisions throughout the year as it becomes Nvidias primary GPU product.SANTA CLARA, CALIFORNIA - MAY 30: An exterior view of the NVIDIA headquarters on May 30, 2023 in ... [+] Santa Clara, California. Chipmaker NVIDIA reached a $1 trillion market cap at the open bell of the NYSE on Tuesday morning. The company is forecasting second quarter sales of $11 billion, 50 percent higher than analyst estimates of $7.15 billion. (Photo by Justin Sullivan/Getty Images)Getty ImagesNvidia has tailwinds in 2025 from increased pricing power with Blackwell, output and shipment estimates already rising before the ramp begins, AI capex still quickly growing, and GPU clusters starting in the 100K range where Hopper maxed out, even as competition from AMD, Broadcom and others begins to increase.Nvidia also has the benefit from the end of its fiscal year early next year, with the Street soon looking to 2026 numbers which very well could be too low given the signals Blackwell is already giving. At the moment, Nvidia is trading at just 30x 2026s estimated earnings of $4.43, its cheapest bottom line valuation since shares were $95 in May 2024 and Blackwell still holds the potential to drive quarterly revenue beats the same way Hopper has and with margins returning to Hoppers highs.The bigger picture for Nvidia moving forward is that Blackwell holds the potential to dwarf Hopper, and the I/O plans on keeping its members informed on what it sees ahead for Nvidia with frequent updates for members. With that in mind, heres what the I/O Fund sees as 2024 ends and 2025 begins.MORE FOR YOUNvidia Technicals: A Swing Higher In the CardsNvidia appears to be setting up for the next swing higher. As long as any further weakness holds over $116, this move should target between $165 - $173, with the potential to reach as high as $193.If this swing gets confirmed, it would likely be the final 5th wave in the historic uptrend that started in October of 2022. This does not mean that the technicals do not support significantly higher prices, it only means that Nvidia will first have to deal with a notable correction in both price and time before it sees those levels.The pattern off the October 2022 low developed as a classic 5 wave pattern. In early 2024 price went vertical. This was accompanied with max volume and peak momentum. This is the standard pattern seen in 3rd waves, and it tends to be the most powerful part of a 5 wave pattern. From the perspective of sentiment, this is the part of the trend where everyone realizes at once the direction of the trend. Shorts cover at the same time as the crowd buys, creating that standard pattern in 3rd waves.This would mean that the correction in June of 2024 was the 4th wave, and that this is likely in the final 5th wave higher. The sentiment pattern in 5th waves to new highs in price, but on lower momentum and lower volume, which is what is happening now.Nvidia appears to be setting up for the next swing higher. Source: I/O FundZooming into the 4th wave correction that started in June of 2024 offers a better idea of the two potential paths that I am currently tracking.Zooming into the 4th wave correction that started in June of 2024 gives a better idea of the two ... [+] potential paths that I am currently tracking.Source: I/O Fund Blue The final 5th wave is playing out as an ending diagonal pattern, which is common for 5th waves. This type of pattern is a 5 wave pattern in itself that is characterized with large swings in both directions. Our target zone for the bottom on this 4th wave is $126 - $116. If Nvidia can push over $140.75, then then odds favor this scenario. Red Nvidia is in a much more complex 4th wave. If this is playing out, NVDA would see the $116 level break, which opens the door to a potential low at $101, $90, or $78.One final point worth mentioning is how the broad semiconductor sector is performing in relation to the S&P 500. Semiconductors tend to be much more sensitive to the consumer, and economy than most sectors. For this reason, in periods of economic expansion, semiconductors tend to lead, outperforming the broad market.However, when this sector starts to move against the broad market, it tends to be a warning that volatility is ahead. In fact, every time that the semiconductor sector has made a lower high while the broad market made a higher high i.e., semiconductors do not confirm the move higher this preceded some period of volatility since the 2021 top.When semiconductors start to move against the broad market, it tends to be a warning that volatility ... [+] is ahead.Source: I/O FundThis pattern can be seen going back to 2000 and consistently warned of weakness. As of now, this is one of the largest and longest periods of divergence between the semiconductor sector and the broad market on record.If the broader semiconductor sector stays below its July 2024 high, I would consider this a warning. This does not mean that I do not see potential upside, it only means that any long positions the I/O Fund takes will have strict targets at which we take gains and stops to protect us in case the market turns against us.ConclusionMake no mistake, Nvidia is the best stock of the decade and its only four years in. The I/O Fund has an aggressive buy plan at key levels should the stock pull back, and we have a backup plan should the stock overcome the peer pressure we are seeing from the semiconductor industry and meaningfully breakout.Nvidia has been our largest position for the last 4 years. The I/O Fund sent out nine buy alerts to our readers to buy this position below $20 in 2021 2022. The I/O Fund believes the future is bright for Nvidia, and believe the potential next swing is worth playing. However, with all the warning signs, any new long position will have strict risk controls until these warnings reset.The I/O Fund is also closely analyzing the supply chain to identify overlooked beneficiaries of the AI infrastructure buildout, sharing this information as well as potential buy and sell plans and real time trade alerts with premium members. The I/O Fund recently entered two separate beneficiaries for gains of 23% and 17% since November. Learn more here.I/O Fund Portfolio Manager Knox Ridley and I/O Fund Equity Analyst Damien Robbins contributed to this report.If you would like notifications when my new articles are published, please hit the button below to "Follow" me.

KitchenAidThe holiday season is the perfect time to make a few upgrades in your kitchen, and Walmart has an offer thats going to be hard to refuse. The KitchenAid 3-Speed Hand Mixer, originally sold for $50, is down to a more affordable $35 following a $15 discount. Were not sure how much time is remaining before this bargain ends, but like all KitchenAid deals, were expecting stocks to sell out quickly. Add the kitchen gadget to your cart and proceed with the checkout process as soon as you can to secure the savings!Stand mixers are extremely useful, but if you want something space-saving and less expensive, then you should go for a hand mixer. KitchenAid is one of the best brands in both categories, so you cant go wrong with the KitchenAid 3-Speed Hand Mixer. As its name suggest, it offers three different mixing speeds that you can easily switch between using a sliding button. From mixing nuts and chocolate chips into dough on the lowest speed to whipping egg whites on the highest speed, the KitchenAid 3-Speed Hand Mixer has the right setting for any task in the kitchen.The KitchenAid 3-Speed Hand Mixer comes with two Stainless Steel Turbo Beater attachments that you can easily remove with the press of a button, so you can pop them into the dishwasher for easy cleaning. The hand mixer also features a lockable swivel cord to make sure that it doesnt get tangled up while you mix.RelatedThe KitchenAid 3-Speed Hand Mixer is on sale from Walmart at $15 off, so youll only have to pay $35 instead of its sticker price of $50. If you need this gadget in your kitchen, dont waste any time in taking advantage of this offer as it may be gone as soon as tomorrow. Theres no telling when the stocks that are up for sale will run out, so move forward with your purchase of the KitchenAid 3-Speed Hand Mixer while you still can. You may also want to check out these Vitamix deals for blenders and Keurig deals for coffee makers, for additional kitchen upgrades.Editors Recommendations

In a recent blog post, Google announced that it is making it easier for admins to migrate from Microsoft Teamsto Google Chat to reduce downtime. Admins can easily do this within the Google Chat migration menu and connect to opposing Microsoft accounts to transfer Teams data.Google gave step-by-step instructions for admins on how to transfer the messages. Admins need to connect to their Microsoft account and upload a CSV of the Teams from where they transfer the messages. From there, it requires just entering a starting date for messages to be migrated from Teams and clicking Star migration. Once its complete, itll make the migrated space, messages, and conversation data available to Google Workspace users.GoogleGoogle also reassured users that the Chat migration doesnt erase or change any existing Google Chat spaces or messages. Admins can also run a delta migration that lets you migrate any messages added to Team channels since the first transfer. If you notice any missing text, you can also create a report detailing what messages the transfer skipped or those that failed or had warnings during the process.Recommended VideosGoogle aims to make the process as easy as possible, saying: Were expanding our data migration experience to include the ability for Google Workspace admins to migrate conversations from channels in Microsoft Teams to spaces in Google Chat, making it easier for organizations to on board and deploy Chat. Google confirmed that the feature is available now, but specified that its in its beta phase. This means its still developing and testing the process, so errors can be expected.Editors Recommendations

Chris Hagan / Digital TrendsWere still in the middle of the rollout of Apples M4 chips, but today we got our first big peek at its successor, the M5. The report comes from reliable analyst Ming-Chi Kuo, who posted on X today and spilled some juicy technical details about whats coming.The M5 family of chips will be manufactured on TSMCs N3P node, the next step up from the N3E on the M4. Kuo says the new node entered the prototype phase a few months ago, but its the first time were getting three generations of chips in a row that use the 3nm node.Recommended VideosThe M5 Pro, Max, and Ultra, specifically, will use server-grade 2.5D packaging, with the explicit purpose of improving production yields and thermal performance. This will allow the CPU and GPU to use separate designs, which is a major change from previous generations that use a conventional system on chip. Kuo also mentions that these high-end M5 chips will be better suited for AI inferencing. Apple M5 series chip1. The M5 series chips will adopt TSMCs advanced N3P node, which entered the prototype phase a few months ago. M5, M5 Pro/Max, and M5 Ultra mass production is expected in 1H25, 2H25, and 2026, respectively.2. The M5 Pro, Max, and Ultra will utilize https://t.co/XIWHx5B2Cy (Ming-Chi Kuo) (@mingchikuo) December 23, 2024RelatedTheres a lot we dont know about in terms of exactly how these changes will affect the end product, but clearly, Apple is giving its higher-end chips some new capabilities and featuresThe timeline provided by Kuo doesnt deviate from previous generations, with the M5 kicking things off in the first half of 2025, followed by the M5 Pro/Max in the second half. Lastly, the M5 Ultra is scheduled for 2026. This would return the most powerful Mac desktops to a yearly update cycle after having skipped the M3 Ultra.Were still waiting on the M4 Ultra, of course, which is scheduled to pop up in a refreshed Mac Studio and Mac Pro sometime in 2025.Editors Recommendations

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Leader and HealthNew research shows that ensuring the skin is in excellent condition should be a priority for anyone who wants to increase their chances of living a long life 23 December 2024 Dr Jeremy Burgess/Science Photo LibraryOur skin isnt just our biggest organ, it is also the one we are most familiar with. We look at it constantly, touch it, wash it, inspect it. And yet, when we think about looking after it, our minds often jump to aesthetics. We are inundated with ads for lotions and potions that promise to enhance our appearance as if sex appeal is all that matters about this special organ.There are many other reasons to take care of our complexion besides cosmetic concerns, however. According to new research, its condition can have knock-on effects for the rest of the body. Due to the dense thicket of blood vessels running under the surface, inflammation that starts in the skin can easily spread to the heart and the brain, increasing the risk of cardiovascular disease and dementia, for instance. Wrinkles arent just a projection of our age they can actually drive the ageing process. And so we should think of skincare in the same way as exercise: the best reason to do it isnt for looks, but for the undeniable health benefits.Ensuring our epidermis is in excellent condition should therefore be a priority for anyone who wants to increase the chances of living a long life, which is why we have produced a special report on what we know about the best ways to care for it (see Why looking after your skin is so crucial to your long-term health).AdvertisementTaking a scientific approach can help us to make informed decisions about new productsAs the evidence builds about the importance of the skin for general health, research into how to care for it is moving away from marketing campaigns for healthcare products into the realm of proper scientific study.We now know that certain foods can reduce the damage caused by air pollution and the suns UV rays, for example, and we may be able to nurture its microbiome through more regular contact with nature. Taking a scientific approach can also help us assess new fads and fashions, so that we can make informed decisions about the goods and services with proven benefits, beyond claims of quick fixes.Beauty may not be skin deep but there is nothing shallow about wishing to protect our bodies from the outside in. It may save our hides in more ways than one.Topics:

Mud therapy may help to replenish the beneficial bacteria in our skin microbiomeMichael Zegers/imageBROKER.com GmbH & Co. KG/AlamyLook under the microscope at any square centimetre of human skin and you will find it teeming with bacteria, fungi, mites and viruses. It might sound yucky, but your skins microbiome is an important defence against invading pathogens.Because there are all these bacteria already there, its quite hard for a pathogen to get a foothold, says Catherine ONeill, a dermatologist at the University of Manchester, UK, and chief science officer of AxisBiotix, a company that offers skincare products based on microbiome research. Bacteria can also wage warfare on each other by secreting different chemicals that inhibit the growth of pathogens.Trained immunityThe skin microbiome, together with the gut microbiome, also helps train our immune system during childhood, teaching it to attack pathogens and ignore harmless stimuli. This could explain why people who have a greater diversity of skin bacteria are less likely to have allergies.Beneficial skin bacteria could also be the key to maintaining a smooth, wrinkle-free appearance. Our skin is like a fortress constructed from layers of skin cells packed together. In between the cells are lipids that keep the skin supple and plump, and certain bacterial species help to replenish those stores.Cutibacterium stimulates the skin to produce sebum, which protects the skin, reduces water loss and increases hydration, says Holly Wilkinson, who studies wound healing at the University of Hull, UK. Staphylococcus epidermidis and Streptococcus thermophilus

Im moving to Boston in three weeks! At my high school graduation, I had just learned Id been accepted into the Interphase EDGE program, an incredible opportunity to acclimate to life at MIT before the 2022 school year began. I was glad to have that chance, since I faced a big change from life at home in Claremore, on the Cherokee Nation reservation in northeastern Oklahoma. Id been away on my own only once, on a fifth-grade trip to Space Camp in Huntsville, Alabama, where I first fell in love with aerospace engineering. It didnt take long to find community on campus. To my surprise, out of the dozen students at a welcome event for the Indigenous community, three grad students and an undergrad were in the aero-astro department. As a prospective Course 16 major and a FIRST Robotics alum, I was excited to discover that they planned to start a new team for the First Nations Launch (FNL) rocketry competition, a NASA Artemis Student Challenge. It was the perfect opportunity to merge my technical passion with my cultural roots. That first year, many people questioned the need for our team. MIT already has a Rocket Team, theyd say. But while most build teams are defined by the specific projects they work on, the product is just one aspect of the experience. Yes, Ive learned to design, build, launch, and safely recover a model rocket. But doing that alongside other Indigenous engineers on the team we call MIT Doya (, Cherokee for beaver) has taught me more than engineering skills. Beyond learning how to work with composites or design fins, Ive learned how to navigate classes and connect with professors. Ive learned about grad school. And Ive learned how to celebrate my Indigenous identity and honor my ancestors with my work. For instance, we often hold smudging ceremoniesburning sage to purify ourselves or our rocketsat our team meetings and competitions. Our team emphasizes universal consensus and buy-in on the technical side and pays attention to the success of each team member on a personal level. We call this gadugi () in Cherokee, or everyone helping each other. Ive also learned that embracing my culture can offer a better approach to engineering challenges. While many engineering settings foster top-down decision-making, our team tests and incorporates as many ideas as possible to engage everyone, emphasizing universal consensus and buy-in on the technical side while paying attention to the success of each team member on a personal level. We call this gadugi () in Cherokee, or everyone helping each other. And we find its led to better technical resultsand a better experience for everyone on the team. I feel incredibly fortunate to work closely with other Indigenous students on an engineering project we all deeply care about. Ive looked up to the senior members of the team, seeing in them proof of what an Indigenous student at MIT can be and accomplish. And Ive loved mentoring newer members, passing along what Ive learned to help them excel. Our launch weekends expand our community further, allowing us to work alongside inspiring Indigenous engineers from NASAs Jet Propulsion Lab and Blue Origin. Ive gotten to meet my heroes and seen that its possible to succeed as a Native American in aerospace engineering. In fact, my FNL experiences have already helped me secure an amazing internship. Last summerexactly a decade after setting my heart on aerospace engineering at Space CampI returned to Huntsville as a lunar payloads intern on the Mark I Lunar Lander at Blue Origin. Through the FNL team, Ive significantly advanced my technical skills. As our systems and simulations lead the first year, I integrated all the components of the physical design into a cohesive computer model with accuracy in both geometry and mass distribution. From that model, I can run simulated flights while adjusting for various launch conditions and trying out different motors. A small change on the ground can yield a big change in our final altitude, which must be within a specific rangeso this analysis drives the overall design. In our first year, our challenge was to re-create the design of a kit rocket while making it lighter by fabricating all the parts ourselves, primarily using hand-laid carbon fiber and fiberglass. We finished in second place and were named Rookie Team of the Year. For 202324, our challenge was to build a rocket large enough to carry a deployable drone, leading us to build an airframe 7.5 inches in diameter. We also had to design and fabricate the drones chassis to meet strict specifications: It had to fit inside the rocket on the launchpad, deploy at apogee (ours was 2,136 feet), unfold from a compact stowed configuration to 16 by 16 inches, descend by parachute to 500 feet, and then release the parachute for piloted navigation to a landing pad. To meet FAA requirements, two of our team members studied for and earned Part 107 remote pilot certificates so they could operate the drone. Since this new challenge required us to fabricate a rocket while also designing and building the drone, we broke up into two subteams to work on both in parallel. This approach required precise coordination between the subteams to ensure that everything would integrate well for the final launch. As team captain, I managed this coordination while staying involved on the technical side as systems and simulations lead and airframe lead. And as we worked our way through the project milestones from proposal through flight readiness review, we kept in mind that we needed both an operational drone and a safe flight to the right altitude to meet the challenge. In April our team traveled to Kenosha, Wisconsin, to put our rocket to the test. We loaded the parachutes and payload, blessing it with some medicine before sending our hard work into the sky. But when I went to load our motor, the motor mount fell off in my hand. We quickly proceeded to the range safety officer, who was able to salvage our rocket and our launch with the last-minute addition of an external motor retention device. After that minor (but almost catastrophic) delay, we had a safe launch and successful recoveryand earned the Next Step Award, a $15,000 grant to represent FNL in the University Student Launch Initiative, a NASA-hosted competition open to everyone, for the 202425 season. Six weeks later, when the overall competition winners were announced, we were thrilled to learn we had won the grand prize! Along with bragging rights, we won a VIP trip to Kennedy Space Center in August and got to walk through the iconic Vehicle Assembly Building, explore the shuttle landing strip, see Polaris Dawn on the launchpad, and watch a Starlink launch from the beach in the early morning hours. This year, Im honored to serve as team captain again, leading an expanded team as we tackle the challenges of the new Student Launch Initiative. Im already looking forward to May, when well launch the rocket well be perfecting between now and then. And to honor our Indigenous heritage and send it into the sky with good intentions, Ill make sure we smudge before flight. Hailey Polson 26, an aero-astro major and a citizen of the Cherokee Nation, is captain of MITs First Nations Launch team.