38
Hyperscaler capex digestion is the fat-tail risk no one wants to underwrite. One bad guide and the multiple compresses fast.
Nvidia
$NVDA · 5 posts · tap for details
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4
Blackwell ramp is unprecedented in semis history. Hopper is still selling. Gross margins held up at 75%+.
17
What multiple do you put on FY27 EPS? I keep landing somewhere between 28-32x and the spread matters a lot.
14
Reports of meaningful sovereign AI orders out of the Gulf. Adds a non-correlated demand bucket.
5
Networking attach (NVLink, Spectrum-X) is the moat people still underrate. Not just a GPU story.