🗳️ Wanted to kick off a post to discuss Nvidia's earnings, curious on your thoughts! 💡 The most interesting new info to me was Nvidia acknowledging the growing competition from its customers as the market for ASICs (a cheaper alternative to GPUs) soars 🤑 At the same time, I think Nvidia entering the CPU space (dominated by $AMD and $INTC) is bullish as the AI trade shifts from GPUs (which train the models) to CPUs (which run the models). 🦾 IMO physical AI is also still just getting started, hence my position in $CHQQ, which is another growth area for Nvidia. 👇 Let's discuss in the comments!
I dont care about the earnings, but raising a dividend a few thousand percent will never not be funny to me.
Raquel Ditchfield@redinvestments · 3mo
Nvidia’s earnings reinforced one major theme: AI demand is still massive. But the market is starting to look beyond just “more GPUs.” A few key takeaways: • Nvidia acknowledging ASIC competition is important. Companies like Google, Amazon, Microsoft, and Meta are increasingly designing custom AI chips to reduce dependence on Nvidia and lower inference costs. • That said, Nvidia still has a huge moat through CUDA, networking, software ecosystems, and developer adoption. GPUs remain the gold standard for training frontier AI models. • The shift from “training AI” to “running AI” (inference) could reshape the semiconductor landscape. Efficiency and cost-per-query matter more during inference, which may benefit CPUs, ASICs, and lower-power accelerators. • Nvidia entering the CPU/server ecosystem is bullish long term. It positions them to become a full-stack AI infrastructure company rather than just a GPU seller. • AMD and Intel could benefit if inference workloads become more distributed and cost-sensitive, but Nvidia is unlikely to give up dominance easily. • Physical AI / robotics may be the next multi-trillion-dollar narrative. Autonomous systems, humanoid robots, factories, and edge AI all require massive compute infrastructure — an area where Nvidia is positioning aggressively. • One thing investors should watch closely: margins. Competition may not kill Nvidia’s growth, but it could pressure pricing power over time. My overall view: The AI boom is probably entering its second phase. The first phase rewarded GPU suppliers. The next phase may reward the companies enabling scalable, cheaper, real-world AI deployment. Potential beneficiaries beyond Nvidia: Advanced Micro Devices, Inc. Intel Corporation Broadcom Inc. Taiwan Semiconductor Manufacturing Company Limited Super Micro Computer, Inc. Marvell Technology, Inc. Serve Robotics Inc. SCHQ (if rates fall and risk appetite broadens) One thing I’d disagree with slightly in the post: CPUs probably won’t “replace” GPUs for AI inference broadly. More likely, we’ll see a hybrid ecosystem of GPUs + ASICs + CPUs depending on the workload.
Lisa @retired · 3mo
The AI narrative is in its infancy and there is so much diversified gain to be had. Exciting times for sure 👍🏻
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