Asks what expectations are for NVIDIA's earnings and what to listen for in their articulation.
speaker1
speaker2
Wants to see NVIDIA's resilience in market share as hyperscalers increase capex and explore alternatives like AMD and custom chips.
speaker2
Long-term dominance is uncertain due to technological shifts, but short-term NVIDIA has advantage due to component shortages through 2027.
Asks to discuss hyperscaler capex numbers and extrapolate longer-term growth for NVIDIA over next year.
speaker1
speaker2
Hyperscaler capex growth is strong: Amazon up ~50%, Meta ~75%, Google ~100%, with greater proportion going to AI/data centers.
Notes extraordinary growth expectations (68% revenue, 72% EPS) and asks what will drive stock higher after months of stagnation.
speaker3
speaker2
Current situation reminiscent of last year - concerns about new models and inference demand have been answered by hyperscaler spending commitments.
Asks about potential China story for NVIDIA earnings.
speaker1
speaker2
China H200 sales uncertain due to State Department approvals, would unlock revenue but exacerbate supply chain constraints.