Syz the moment

"Production of Blackwell Ultra is ramping at full speed, and demand is extraordinary." - Jensen Huang Revenue growth by segment: *Data Center +56% *Gaming +49% *Professional Vis. +32% *Automotive +69% Source: Quartr

True, but I still find remarkable Nvidia is able to see +56% YoY growth when the quarterly revenues amount to $46.7B. That's crazy.

Nvidia now makes up ~8% of the S&P 500. It has a Trailing PE of 58x vs. 28x for the SPX (Gaap). It is forecast to grow 34% in the next year vs. 13.5% for the SPX. It is facing a growing number of competitors and a decreasing number of Global clients (China is discouraging the purchase of its H20 chips). It will probably report good numbers, but those good numbers must grow for a long time to justify its rating. Source: Brew Markets @brewmarkets, Vaughan Henkel, CFA, CAIA

Source: Stocktwits

The directive comes weeks after the Chinese government told local tech companies to stop buying the chips due to alleged security concerns, the report said, citing people with knowledge of the matter. Nvidia has reportedly asked Arizona-based Amkor Technology, which handles the advanced packaging of the company’s H20 chips, and South Korea’s Samsung Electronics, which supplies memory for them, to halt production. Samsung and Amkor did not immediately respond to CNBC’s request for comment. A separate report from Reuters, citing sources, said that Nvidia had asked Foxconn — officially known as Hon Hai — to suspend work related to the H20s. Foxconn did not immediately respond to a request for comment. Source: CNBC

Future estimates show $AMD vs. $NVDA revenue growth is worlds apart: $AMD expected to add: +$7B in 2025 +$7B in 2026 +$7B in 2027 $NVDA expected to add: +$71B in 2025 +$55B in 2026 +$45B in 2027 $NVDA is adding an AMD-sized company every single year! Source: @gainify_io

▶️ Nvidia's new tab H20 chips pose security concerns for China, a social media account affiliated with China's state media said on Sunday, after Beijing raised concerns over backdoor access in those chips. The H20 chips are also not technologically advanced or environmentally friendly, the account, Yuyuan Tantian, which is affiliated with state broadcaster CCTV, said in an article published on WeChat. ▶️ "When a type of chip is neither environmentally friendly, nor advanced, nor safe, as consumers, we certainly have the option not to buy it," the article concluded. ▶️ H20 artificial intelligence chips were developed by Nvidia for the Chinese market after the U.S. imposed export restrictions on advanced AI chips in late 2023. The administration of U.S. President Donald Trump banned their sales in April amid escalating trade tensions with China, but reversed the ban in July. ▶️ China's cyberspace watchdog said on July 31 that it had summoned Nvidia to a meeting, asking the U.S. chipmaker to explain whether its H20 chips had any backdoor security risks - a hidden method of bypassing normal authentication or security controls. Source: www.investing.com, Reuters

According to this FT article, Nvidia and AMD have agreed to give the US government 15 per cent of the revenues from chip sales in China, as part of an unusual arrangement with the Trump administration to obtain export licenses for the semiconductors. ▶️ The two chipmakers agreed to the financial arrangement as a condition for obtaining export licences for the Chinese market that were granted last week, according to people familiar with the situation, including a US official. The Financial Times reported on Friday that the commerce department started issuing H20 export licences on Friday, two days after Nvidia chief executive Jensen Huang met President Donald Trump. The US official said the administration had also started issuing licenses for AMD’s China chip. ‼️ The quid pro quo arrangement is unprecedented. According to export control experts, no US company has ever agreed to pay a portion of their revenues to obtain export licences. But the deal fits a pattern in the Trump administration where the president urges companies to take measures, such as domestic investments, for example, to prevent the imposition of tariffs in an effort to bring in jobs and revenue to America. Link to article: https://lnkd.in/eZXmhSBP Source: FT