Key Takeaways NVIDIA's story continues to be one of, if not, the best in the market.AI 'bubble' talks have cast an unfair shadow over NVDA's story. Data Center results do reflect reality. It’s finally nearing time to wrap up the Q3 earnings cycle with the release of the NVIDIA (NVDA) results, which also reflected the last Mag 7 release.The entire market was watching the release like a hawk, given its status as the poster child of the AI frenzy, likely the most critical Q3 release of all.But was the print go ...

Core Insights - NVIDIA and TSMC are pivotal players in the semiconductor industry, with NVIDIA focusing on AI-driven GPUs and TSMC specializing in advanced chip manufacturing [1][2] NVIDIA Performance - NVIDIA is experiencing significant growth, with Q3 fiscal 2026 revenues increasing by 62% year-over-year to $57 billion and EPS rising by 60% to $1.30 [3][5] - The Data Center segment is the primary growth driver, generating $51.22 billion in revenues, accounting for 89.8% of total sales, reflecting a 66% year-over-year increase [5] - NVIDIA's partnership with OpenAI is expected to enhance long-term demand for its GPUs, solidifying its position as a leading AI chip supplier [6] TSMC Performance - TSMC is a leader in semiconductor foundry services, with revenues in Q3 2025 increasing by 41% year-over-year to $33.1 billion and EPS rising by 39% to $2.92 [8] - The company is investing heavily, with capital expenditures projected between $40 billion and $42 billion in 2025, focusing on advanced manufacturing processes [9] Growth Outlook Comparison - NVIDIA's growth outlook is stronger in the near term, with projected revenue and EPS growth of 57.9% and 50.8% for fiscal 2026, respectively [13] - TSMC's growth projections for 2025 indicate a more modest revenue growth of 33.7% and EPS increase of 44% [14] Stock Performance and Valuation - Both NVIDIA and TSMC have seen strong stock performance in 2025, with NVIDIA shares up 34.5% and TSMC shares up 40.5% [15] - TSMC has a forward P/E ratio of 23.47, while NVIDIA's is higher at 30.38, reflecting NVIDIA's stronger growth profile [16] Investment Recommendation - NVIDIA is positioned as a better investment choice due to its leadership in AI hardware, robust product lineup, and superior growth profile [20]

Arguably representing the most anticipated financial disclosure of the year so far, Nvidia Corp (NASDAQ:NVDA) faced mounting headwinds. Not only was the competition heating up in the graphics processing unit (GPU) space, serious questions were starting to emerge about the business viability of artificial intelligence. While AI has become widely integrated into society, many companies have recently begun sporting wild valuations, leading to fears of a sector bubble.As it turns out — at least from a fundament ...

Jensen, it's been an astonishingly busy day for you in Washington, D. C. , so I'm grateful for your time.You're sold out of Blackwell. That's what you said. But also that $500 billion forecast, which is Blackwell Rubin has room to grow.How do those fit together. I said sales are off the charts for Blackwell. And and video.GPUs in the cloud are sold out. We got plenty of black walls to sell you. We have lots of black walls coming. We're making a lot of black wells. And we have a bunch of Vera Rubin is coming ...

Jensen, it's been an astonishingly busy day for you in Washington, D. C. , so I'm grateful for your time.You're sold out of Blackwell. That's what you said. But also that $500 billion forecast, which is Blackwell Rubin has room to grow.How do those fit together. I said sales are off the charts for Blackwell. And and video.GPUs in the cloud are sold out. We got plenty of black walls to sell you. We have lots of black walls coming. We're making a lot of black wells. And we have a bunch of Vera Rubin is coming ...

The Circular Financing Structure（循环融资结构） 文章核心部分，用详细流程图展示资金如何在 Nvidia—Microsoft—OpenAI—xAI—Oracle—CoreWeave之间来回倒手：Nvidia投资→客户下单→客户再 用信用/投资买芯片→同一笔钱被多次计为收入。CoreWeave单家就欠Nvidia 59亿美元（占总应收 18%），形成闭环虚假繁荣。 大致内容如下（用Grok总结）： The Receivables Anomaly（应收账款异常） Nvidia最新财报中应收账款暴增89%至334亿美元，DSO （应收账款周转天数）从46天延长到53天，相当于104亿美元可能永远收不回。这是庞氏骗局进入"收账 困难"阶段的经典信号，算法在财报发布17分钟内就捕捉到这一致命异常。 The Inventory Paradox（库存悖论） 库存短短3个月内激增32%至198亿美元，却同时对外宣称"供不应 求、产能全部售罄"。作者指出，这种"库存堆积+声称缺货"的矛盾组合在历史上所有庞氏崩盘前都出现 过（如安然、WorldCom），是需求真实性彻底崩塌的证据。H100 现货价 ...

Core Viewpoint - Nvidia's impressive earnings report did not lead to the expected market rally, instead resulting in a significant market downturn, highlighting the sensitivity of high-valuation stocks to interest rate expectations [1][5][11]. Financial Performance - Nvidia reported Q3 2026 fiscal year revenue of $57 billion, a year-over-year increase of approximately 62% and a quarter-over-quarter increase of about 22% [2]. - The data center business generated $51.2 billion in revenue, reflecting a year-over-year growth of 66% and a quarter-over-quarter growth of 25% [2]. - The GAAP gross margin was around 73%, indicating strong profitability [2]. - Nvidia's management provided a Q4 revenue guidance of approximately $65 billion, significantly above market expectations [2]. Market Reaction - Following the earnings report, futures and after-hours stock prices rose, with the S&P 500 and Nasdaq initially showing strong gains [3]. - However, the market reversed course within half a day, leading to a decline in major indices and Nvidia's stock price [4][5]. Economic Indicators - The release of the delayed September U.S. non-farm payroll report showed mixed results, with job additions of approximately 119,000, exceeding expectations of 50,000, but the unemployment rate rose to 4.4% [6][7]. - This data suggested a robust economy, which tempered expectations for immediate interest rate cuts by the Federal Reserve [7]. Technical Factors - A significant amount of options expired, triggering mechanical selling pressure in the market [9]. - The market experienced a broader risk reduction and deleveraging, affecting not only U.S. stocks but also cryptocurrencies [10]. Investment Insights - The day’s events indicated a re-evaluation of valuations and positions rather than a fundamental decline in the AI sector [11]. - Investors are advised to maintain a balanced approach to AI investments, diversifying across various assets rather than concentrating on a single stock [14].

I feel like Jensen Huang was trying to give the trifecta a positive picture on demand, positive picture on supply, and he even had the opportunity to kind of throw a bit of shade at a six or Google TV use, saying that customers looked at alternatives and they came back to an idea. There was a lot there. What is the most important data point to you.I add. Good to see you. Perhaps.Maybe the most important one was that Johnson wasn't wearing his signature leather jacket, but for the most part, you know, for us ...

Jensen, it's been an astonishingly busy day for you in Washington, D. C. , so I'm grateful for your time.You're sold out of Blackwell. That's what you said. But also that $500 billion forecast, which is Blackwell Rubin has room to grow.How do those fit together. I said sales are off the charts for Blackwell. And Nvidia GPUs in the cloud are sold out.We got plenty of black walls to sell you. We have lots of black walls coming. We're making a lot of black wells. And we have a bunch of Vera Rubin is coming.And ...

Jensen, it's been an astonishingly busy day for you in Washington, D. C. , so I'm grateful for your time.You're sold out of Blackwell. That's what you said. But also that $500 billion forecast, which is Blackwell Rubin has room to grow.How do those fit together. I said sales are off the charts for Blackwell. And Nvidia GPUs in the cloud are sold out.We got plenty of black walls to sell you. We have lots of black walls coming. We're making a lot of black wells. And we have a bunch of Vera Rubin is coming.And ...