Name: Wedbush’s Joel Kulina says Nvidia’s AI edge stays intact after Huang keynote
Uploaded: 2026-01-06T12:50:08+00:00
Duration: 273 s

Speakers

Joel Kulina — Senior Vice President, Wedbush Securities

Summary

Joel Kulina of Wedbush Securities discusses Nvidia's AI leadership after the Huang keynote, highlighting the Vera Rubin production timeline and partnership strategy as positives. He notes physical AI and autonomous/robotics excitement, with Tesla positioned as a key beneficiary. He also says AI demand remains strong across industries based on recent earnings and channel checks, even as Nvidia's stock has been flat amid a broadening AI trade.

Wedbush's Joel Kulina says Vera Rubin is confirmed for a second-half launch with no negative surprises.
He says Nvidia remains the 800-pound gorilla and key large language model partner.
Nvidia's partnership strategy is described as broadening the ecosystem and building a healthy supply chain.
Physical AI, robotics and autonomous driving drew focus, with Tesla cited as in the sweet spot for robotaxi/Cybercab.
AI demand was constructive across semiconductors, hardware, Caterpillar and picks-and-shovels names.
Nvidia stock has been flat as the AI trade broadens and investors use it as a source of funds.
He remains constructive on AI demand but warns things do not go straight up in year four of ChatGPT.

Ideas

Joel Kulina Senior Vice President, Wedbush Securities 0:31

Nvidia story intact despite flat stock

Vera Rubin is in full production with a confirmed second-half launch and no negative surprises, reinforcing Nvidia as the 800-pound gorilla and key large language model partner. Nvidia's partnership strategy broadens its ecosystem and builds a healthy supply chain, reducing reliance on any single partner. Although the stock has been flat as the AI trade broadens and investors use it as a source of funds, the story remains intact and Nvidia should continue to execute and grow with the market.

Joel Kulina Senior Vice President, Wedbush Securities 1:15

Tesla best positioned for physical AI theme

Physical AI dominated the keynote and there is significant focus and excitement around robotics and autonomous driving. Tesla is positioned in the sweet spot because Elon Musk and Tesla plan to broaden robotaxi and Cybercab rollouts in the years ahead, though physical AI is not yet incremental to the near-term Nvidia stock narrative.

Joel Kulina Senior Vice President, Wedbush Securities 1:15

Tesla best positioned for physical AI theme

Joel Kulina Senior Vice President, Wedbush Securities 3:30

AI demand still increasing across industries

The latest earnings cycle was constructive across a wide range of AI-exposed industries, including semiconductors, hardware, Caterpillar and picks-and-shovels names. Channel checks and data remain consistent, so AI demand is still increasing as the trade digests, though things do not go straight up in year four of ChatGPT.

Wedbush’s Joel Kulina says Nvidia’s AI edge stays intact after Huang keynote

Summary

Ideas

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