Key Risks
- Valuation sensitivity to macro rates
- Supply chain tightness for new GPUs
1. Financial Highlights
▾
Revenue +150% YoY with gross margin stabilizing around 75%. EPS beat expectations
and free cash flow stayed strong even after higher capex.
2. Competitive Landscape
▾
CUDA lock-in remains the moat. Hyperscalers are experimenting with custom chips
but ramp speed still favors NVIDIA for the next 12-18 months.
References
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NVIDIA Investor Presentation
Highlights from the Q3 earnings deck