Hardware Podcasts

EP 132: NVIDIA Earnings + Ben's Thesis Time and Those Lumpy ASICs

The Circuit · 31 Aug 2025 · 54m · Episode 133

What this episode covers

Ben Bajarin and Jay Goldberg analyze Nvidia's recent earnings, focusing on the uncertainty surrounding its China sales strategy, the interpretation of Jensen Huang's $3-4 trillion cumulative infrastructure forecast, and the competitive dynamics of custom ASICs. They discuss Marvell's 'lumpy' ASIC business, particularly the competitive bidding for Amazon's Tranium chip against AMD and Alchip, and examine Dell's position in the early Blackwell server ramp.

Most relevant to

large enterprises

Topics

Mentioned

Companies
Nvidia, Marvell, Dell, Amazon, AMD, Alchip
Products
Blackwell, H20, Tranium, Grace Blackwell

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