DELL - Nvidia: The Greatest Quarter In The History Of Capitalism IV
2024-06-17 14:03:49 ET
Summary
- Nvidia Corporation's data center segment has experienced rapid growth, up 427% YoY in Q1, crowding out other data center investments and ballooning customer capital costs.
- Demand for Nvidia GPUs exceeds supply, with Taiwan Semiconductor's advanced packaging capacity being the primary bottleneck. They seem to be able to add ~$4 billion a quarter.
- A 10:1 split and by far their largest quarterly buyback ever.
- Nvidia's dominance in the data center market is leaving scraps for customers like Dell and Hewlett Packard Enterprise Company, with Nvidia's booming margins reflecting the supply-demand dynamics.
- This is a bubble, but one with some legs left in it.
I Mean, Look at This Chart
Nvidia reports off-cadence, so their latest quarter ended in April, not March like the other 2. (Quarterly earnings reports)
