Hardware Podcasts

EP 129: Capex to the Moon 2.0! Bubble Debate, and QCOM and Arm Earnings

The Circuit · 4 Aug 2025 · 57m · Episode 129

What this episode covers

Ben Bajarin and Jay Goldberg analyze recent earnings from cloud providers, noting that Meta's aggressive Capex spending is justified by strong ad monetization, whereas Google and Amazon face scrutiny over their AI ROI. They discuss the competitive landscape among hyperscalers, highlighting Microsoft's GPU advantage and Amazon's struggle to secure Nvidia allocations, which may benefit AMD. The hosts also examine Qualcomm and Arm, discussing Arm's potential move into custom chip design and Qualcomm's risks from handset vendors like Xiaomi building in-house modems.

Most relevant to

large enterprises

Topics

Mentioned

Companies
Meta, Google, Microsoft, Amazon, Nvidia, AMD, Arm, Qualcomm, Xiaomi, Apple, TSMC, OpenAI, Oracle, Broadcom, SoftBank, Ampere, Graphcore, Huawei, MediaTek

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