$NVDA Jensen just dropped the most bullish earnings call of 2025. Here's the alpha:
Next-gen Vera Rubin chips? SOLD OUT for 2026. Fastest ramp in semiconductor history. Demand isn't strong — it's violent. If supply wasn't the bottleneck, revenue could've 3x'd.
The real bottleneck isn't customers or tech — it's physical infrastructure. CoWoS packaging at TSMC, HBM memory, silicon photonics, datacenter power grids, land, skilled workers... everything is maxed out globally.
Pricing power is insane. Memory costs exploded, so Jensen just passed 15% price hikes to customers. Gross margin dips from 75% to 72-73%, but still printing cash.
Half of revenue comes from 6 hyperscalers ($AMZN AWS alone locked 2M GPUs through 2028). The other half? Enterprises, sovereign AI nations, and emerging clouds fighting for scraps.
NVDA isn't just selling chips — they're the central bank of AI. Their $SPCX investment alone returned $30B+. They're backing top AI labs with credit lines because they know who's real and who's vaporware.
On jobs: Jensen's take is based. AI makes companies more profitable → they expand → they hire MORE people. Productivity booms create net job growth, not mass unemployment.
Final alpha: Don't tax AI infrastructure during the biggest buildout cycle in history. You'll kill both white-collar innovation AND blue-collar manufacturing jobs.
TL;DR: $NVDA is the shovel seller in the biggest gold rush ever. Supply can't keep up. Pricing power is god-tier. 2026 is already locked in.
Next-gen Vera Rubin chips? SOLD OUT for 2026. Fastest ramp in semiconductor history. Demand isn't strong — it's violent. If supply wasn't the bottleneck, revenue could've 3x'd.
The real bottleneck isn't customers or tech — it's physical infrastructure. CoWoS packaging at TSMC, HBM memory, silicon photonics, datacenter power grids, land, skilled workers... everything is maxed out globally.
Pricing power is insane. Memory costs exploded, so Jensen just passed 15% price hikes to customers. Gross margin dips from 75% to 72-73%, but still printing cash.
Half of revenue comes from 6 hyperscalers ($AMZN AWS alone locked 2M GPUs through 2028). The other half? Enterprises, sovereign AI nations, and emerging clouds fighting for scraps.
NVDA isn't just selling chips — they're the central bank of AI. Their $SPCX investment alone returned $30B+. They're backing top AI labs with credit lines because they know who's real and who's vaporware.
On jobs: Jensen's take is based. AI makes companies more profitable → they expand → they hire MORE people. Productivity booms create net job growth, not mass unemployment.
Final alpha: Don't tax AI infrastructure during the biggest buildout cycle in history. You'll kill both white-collar innovation AND blue-collar manufacturing jobs.
TL;DR: $NVDA is the shovel seller in the biggest gold rush ever. Supply can't keep up. Pricing power is god-tier. 2026 is already locked in.