I guess the bull case for Nvidia is just that margins might be peak, but sales aren’t. Not even in a future with more competition, simply because this market is going to be vastly bigger than it is now. (Not necessarily endorsing this myself)
Maybe. It just feels like at least in the medium term the supply / demand from CSPs is going to normalise and Nvidia may be heading for a cliff (or its distributors are).
I guess the bull case for Nvidia is just that margins might be peak, but sales aren’t. Not even in a future with more competition, simply because this market is going to be vastly bigger than it is now. (Not necessarily endorsing this myself)
Maybe. It just feels like at least in the medium term the supply / demand from CSPs is going to normalise and Nvidia may be heading for a cliff (or its distributors are).