đ¨ Nvidia beats expectations⌠but competitors are closing in!
Nvidia raised its third-quarter revenue forecast to $108 billion, surpassing Wall Streetâs estimate of $104 billion.
However, Nvidia is still the weakest performer among the biggest three chip stocks.
đ AMD and Intel have doubled their prices more than once since the start of the year, while Nvidia is up only about 12.4%.
The company that has beaten expectations for 15 straight quarters is now facing overperformance from competitors that havenât had the same streak.
So whatâs really happening? đ
⢠Meta is preparing to begin manufacturing its AI chip âIrisâ next month.
⢠Alphabet recently placed an order for 3 million chips from Intel for 2028.
The worldâs two biggest AI spending companies are starting to build alternatives that reduce their reliance on Nvidia hardware.
And even Elon Musk, who reportedly pledged to use Nvidia hardware exclusively in SpaceX, is working in parallel to build his own $16.8 billion chip factory.
đ The message is clear:
We like Nvidia chips⌠but weâre building a backup plan anyway.
Nvidia isnât losing customers today.
But it could lose something slowerâand more dangerous:
The assumption that itâs indispensable.
$NVDA $NVDAB
#Nvidia #NVDA #AMD #Intel #Semiconductors
Nvidia raised its third-quarter revenue forecast to $108 billion, surpassing Wall Streetâs estimate of $104 billion.
However, Nvidia is still the weakest performer among the biggest three chip stocks.
đ AMD and Intel have doubled their prices more than once since the start of the year, while Nvidia is up only about 12.4%.
The company that has beaten expectations for 15 straight quarters is now facing overperformance from competitors that havenât had the same streak.
So whatâs really happening? đ
⢠Meta is preparing to begin manufacturing its AI chip âIrisâ next month.
⢠Alphabet recently placed an order for 3 million chips from Intel for 2028.
The worldâs two biggest AI spending companies are starting to build alternatives that reduce their reliance on Nvidia hardware.
And even Elon Musk, who reportedly pledged to use Nvidia hardware exclusively in SpaceX, is working in parallel to build his own $16.8 billion chip factory.
đ The message is clear:
We like Nvidia chips⌠but weâre building a backup plan anyway.
Nvidia isnât losing customers today.
But it could lose something slowerâand more dangerous:
The assumption that itâs indispensable.
$NVDA $NVDAB
#Nvidia #NVDA #AMD #Intel #Semiconductors
