Nvidia(US:NVDA) Hua Er Jie Jian Wen·2025-05-23 11:29Group 1 - Nvidia's growth story is facing a critical turning point as demand from major tech giants and Gulf countries for billion-dollar deals is saturating, leading the company to seek new growth drivers [1] - Seaport Research analyst Jay Goldberg questions the sustainability of Nvidia's reliance on a few super customers for large orders, suggesting that significant transaction opportunities are dwindling [1] - At the Computex conference, Nvidia is betting on NVLink Fusion and RTX Pro enterprise servers to expand its control in the AI market through technological innovation [1][2] Group 2 - NVLink Fusion is Nvidia's core technology aimed at building AI infrastructure by integrating custom CPUs and demands into an ecosystem that incorporates Nvidia GPUs [2] - Marvell Technology's VP Nick Kucharewski explains that companies can innovate on custom chips without needing to build entire device racks, which could drive demand for Nvidia's underlying AI network and data center components [3] - Nvidia's RTX Pro enterprise servers, which support various IT workloads and can run graphical AI agents, are positioned to open a multi-billion dollar market for diverse applications [3] Group 3 - Despite the potential of the enterprise market, Seaport Research's Goldberg expresses skepticism about Nvidia's ability to penetrate this space, noting that enterprise transactions are typically smaller and more costly to secure compared to sovereign data centers [5] - Goldberg feels that Nvidia may be hitting a ceiling in expanding its customer base, indicating challenges in sustaining growth through new strategies [5]