Topic

NVDA

A collection of 9 issues

The ASIC-GPU Standoff

My friend Liberty recently highlighted an interesting paper from Google that goes through the evolution of TPUs. The objection to domain-specific silicon which might sound quite persuasive is the one about obsolescence: a chip may take two to three years to design, fabricate, and deploy, and AI moves fast

Huang Isn't Planning to Wake Up a Loser

You may have already listened to Jensen Huang on the recent episode of Dwarkesh podcast. If you haven’t, I highly recommend you listen to the entire episode and not just the bits and pieces clips. This wasn’t the kind of episode that you want an AI to summarize

Survival of the Fastest

More than a decade ago, Peter Thiel wrote: “Monopolists lie to protect themselves. They know that bragging about their great monopoly invites being audited, scrutinized and attacked. Since they very much want their monopoly profits to continue unmolested, they tend to do whatever they can to conceal their monopoly—usually

Nvidia's Burgeoning Moats, Pichai's Comp

Jensen Huang mentioned at Morgan Stanley (MS) TMT Conference last week that Nvidia just reported “the single best print in the history of humanity”. While such glib comments attracted a lot of attention, I thought Huang’s session was quite instructive in explaining to investors how Huang is busy at

The Nvidia Math

Nvidia posted yet another amazing quarter, and their guide for next quarter was comfortably ahead of the elevated consensus estimates. Yet, the stock has gone down?? In fact, one of the recurring bemusements among many investors is why Nvidia stock seemed to have lost its momentum despite the massive capex

The limits to our imagined vision of the future

A programming note: I hope to publish my Deep Dive on Booking Holdings tomorrow. Since this is my first year of publishing daily at MBI Deep Dives, I am still thinking about some vacation policy. I will let you know once I finalize something, but for now, I would like

Less is more?

Just yesterday, I was wondering about the profound impact “the cat paper” had on so many companies and wrote “Perhaps someone is going to publish a paper today or in a couple of years that may fundamentally alter the tech landscape 5-10 years from now. This makes analyzing some

Nvidia and OpenAI's Gambit

A programming note: I will publish my Deep Dive on ASML tomorrow. As a reminder, I only send one email per day; therefore, on the day I publish my Deep Dive on a company, I won’t publish anything else. Early this year, I remember looking at Nvidia’s consensus

The ROI Question

A friend recently DM-ed me to highlight one of the quotes from Nvidia’s CFO in their recent earnings: "New NVFP4 4-bit precision and NVLink 72 on the GB300 platform delivers a 50x increase in energy efficiency per token compared to Hopper, enabling companies to monetize their