Nvidia(US:NVDA) 美股IPO·2025-11-20 02:41Core Viewpoint - Nvidia's CEO Jensen Huang aims to counter the AI bubble narrative, asserting that the AI technology revolution is not only ongoing but expanding into broader fields [1][3][4]. Group 1: AI Technology Revolution - Huang emphasizes that the current landscape is characterized by three fundamental platform transformations: the shift from CPU to GPU accelerated computing, the transition from traditional machine learning to generative AI, and the rise of agentic AI [6][12][15]. - The company has a revenue visibility of $500 billion from its next-generation chip platforms, Blackwell and Rubin, with demand continuing to exceed expectations [7][16]. - Nvidia's Q3 revenue reached a record $57 billion, a 62% year-over-year increase, driven by strong demand in the data center segment [28][29]. Group 2: Market Confidence and Performance Guidance - Nvidia provided a strong Q4 revenue guidance of $65 billion, significantly above market expectations, despite not assuming any revenue from Chinese data center computing [8][23]. - The management's firm stance and optimistic guidance serve to restore investor confidence in the long-term growth potential of AI [4][8]. Group 3: Strategic Partnerships and New Clients - Nvidia announced a deep technical partnership with AI model company Anthropic, marking its first adoption of Nvidia's architecture with an initial compute commitment of up to 1 gigawatt [9][21]. - The company is also assisting OpenAI in building at least 10 gigawatts of AI data centers, indicating a significant scale-up in computational capacity [24][38]. Group 4: Supply Chain and Production Challenges - Nvidia acknowledges supply chain constraints, particularly in packaging and energy, as major challenges to growth, but asserts that these issues are manageable [11][17][19]. - The company is actively working to enhance supply chain resilience through partnerships and local manufacturing initiatives [41]. Group 5: Financial Performance and Future Outlook - Nvidia's data center revenue reached a record $51 billion in Q3, reflecting a 66% year-over-year growth, with GPU utilization at saturation levels [16][29]. - The company anticipates continued strong demand for its products, driven by the ongoing transition to accelerated computing and generative AI [30][64].