Going into this year’s SC24 event, theCUBE Research industry analysts John Furrier and Dave Vellante were confident the show would deliver in terms of content and activity. That’s proven to be the case, and AI and supercomputing advancements were a main focus of the latest episode of the CUBE Podcast.

What’s happened at this year’s SC24 has been the revelation that there’s meat on the bone, according to Furrier (pictured, right). The event has exceeded expectations.

“The sizzle and the steak are here. You’re starting to see real progress,” Furrier said.

AI and supercomputing advancements on display at SC24

This year’s SC24 has been full of enthusiasm. In particular, Dell Technologies Inc. has had a notable presence, according to Furrier.

“This AI Factory positioning that Dell has, it’s probably going to work for all the big server manufacturers, which include Lenovo, HPE and everybody else. They’ll all win,” Furrier said of the latest supercomputing advancements. “But I think Dell clearly is out in front on this one, because their relationship with Nvidia from GTC carried over with the AI Factory.”

But it’s not just Dell. The different floors of various hotels are all packed.

“Dell’s at the Marriott, they took over the Marriott, right? I’m in the Omni. HPE is all over the Omni. I mean, everywhere you go, there’s HPE stuff,” said Vellante (left). “Vast is there as well. This is a hardcore hardware show. Lenovo’s all over it as well.”

There’s so much content around supercomputing advancements emerging out of SC24, according to Furrier. It comes in advance of theCUBE’s upcoming coverage of AWS re:Invent.

“Then, the year starts again, it’s 2025,” Furrier said. “Next thing you know, the blink of an eye, it’s 2025. Meanwhile, we’re in a tornado of news, content, earnings.”

Snowflake and Nvidia earnings bring plenty to consider

On Thursday, shares of Snowflake Inc. jumped more than 30% in trading, as the company outlined a partnership with Anthropic PBC, and said it was going to acquire the data integration startup Datavolo Inc. Revenue for the period rose 28% from a year ago, according to the company.

“I think what happened there is they tamped down expectations so much last quarter. I mean 28% growth for Snowflake is solid, but it’s not like eye-popping,” Vellante said.

Nvidia Corp., meanwhile, posted another strong earnings beat in its hotly anticipated third quarter financial results. It’s a mind-blowing performance, according to Furrier.

“Now I’ve said on theCUBE, you heard me say this, I’m still sticking with my story. Nvidia’s success does not mean the game is over,” Furrier said. “AMD is coming at them. You’ve got Cerebras competing directly.”

Normally in markets, the number one company makes a lot of money. Number two makes a little bit of money, and number three barely breaks even, according to Vellante.

“The cloud changed that … even Google’s now printing money in the cloud. So, to your point, I think absolutely the market’s big enough to support three big GPU suppliers,” Vellante added.

Cryptocurrency market sparks interest

In other news, the price of bitcoin has ran higher and higher since the U.S. election. It comes as Donald Trump’s team considers establishing the first-ever White House role focused on cryptocurrency, according to reports.

“We all know Trump wants to do a bitcoin reserve. He wants to put crypto on the balance sheet,” Furrier said.

This week, theCUBE interviewed Jon Stevens, chief executive officer of Hot Aisle Inc., as a part of its SC24 coverage. Stevens was an early proponent of cryptocurrency.

“He was a cool guy. I was asking him, what’s your take on Ethereum? He said when it went from proof of work to proof of stake, it affected the price. But he feels like it’s undervalued right now. I don’t know,” Vellante said. “I mean, I own many of them, but he’s really sanguine about crypto, and specifically Ethereum.”

Bitcoin, of course, is considered a store of value and digital gold. Ethereum, meanwhile, has tended to track Bitcoin historically but hasn’t in this last cycle.

“When bitcoin ran up to whatever, $68,000, $73,000, Ethereum didn’t go back to its earlier highs of whatever it was, $4,500, and it still hasn’t tracked it. So, it may be undervalued,” Vellante said. “I don’t know. That’s not investment advice, but something to look at.”

Watch the full podcast below for more on supercomputing advancements and to find out why these industry pros were mentioned:

Sridhar Ramaswamy, CEO of Snowflake
Bill Belichick, former head coach of the New England Patriots
Frank Slootman, former CEO and chairman of the board of directors at Snowflake
Matt Garman, CEO of AWS
Jensen Huang, founder and CEO of Nvidia
Joe Biden, 46th U.S. president
Donald Trump, 45th U.S. president
Elon Musk, CEO of Tesla
Mark Zuckerberg, CEO of Meta Platforms
Colleen Aubrey, SVP at AWS Solutions
Jon Stevens, CEO of Hot Aisle
Alex Wilhelm, journalist
Michael Dell, chairman and CEO of Dell Technologies
Julia White, VP and CMO of AWS
Raejeanne Skillern, former CMO of AWS
Steve Jobs, co-founder and former CEO and chairman of Apple
Mark Albertson, senior writer at SiliconANGLE Media
Dr. Raffaele Luca Amalfi, co-founder, CEO and chairman of Seguente
George Gilbert, senior analyst at theCUBE Research
Jerry Lewis, American comedian and filmmaker

Here’s the full theCUBE Pod episode:

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Photo: SiliconANGLE