# Episode 155: SHOW ME THE MONEY! NVIDIA Earnings, and more from the Week!

- Show: [The Circuit](https://hardwarepodcasts.com/podcast/the-circuit)
- Published: 2026-03-02
- Length: 1h 01m
- Episode: 157
- Page: https://hardwarepodcasts.com/podcast/the-circuit/2026-03-02-episode-155-show-me-the-money-nvidia-earnings-and-more-from-the-week
- Listen: https://share.transistor.fm/s/26f5f6ca

## Summary

Ben Bajarin and Jay Goldstein discuss a week of major semiconductor announcements, focusing on AMD's strategic partnership with Meta involving custom Instinct GPUs and equity, and NVIDIA's record-breaking earnings driven by Grace Blackwell and Vera Rubin architectures. They analyze how NVIDIA's massive prepayments for memory capacity create a supply chain moat that challenges custom ASIC roadmaps for competitors like Meta and Google. The conversation also covers OpenAI's $110 billion funding round, its diversified infrastructure strategy involving Amazon's Trainium chips, and the competitive pressures facing neocloud providers like CoreWeave.

## Chapters

- [0:06](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-02-episode-155-show-me-the-money-nvidia-earnings-and-more-from-the-week#t=6) Introduction: Market Sentiment and the 'Show Me the Money' Theme
- [0:57](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-02-episode-155-show-me-the-money-nvidia-earnings-and-more-from-the-week#t=57) AMD and Meta Partnership: Custom Instinct GPUs and Equity Deal
- [14:49](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-02-episode-155-show-me-the-money-nvidia-earnings-and-more-from-the-week#t=889) NVIDIA Earnings: Beat, Guidance, and Stock Reaction
- [23:19](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-02-episode-155-show-me-the-money-nvidia-earnings-and-more-from-the-week#t=1399) NVIDIA's Memory Strategy and Supply Chain Leverage
- [37:30](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-02-episode-155-show-me-the-money-nvidia-earnings-and-more-from-the-week#t=2250) OpenAI Funding, Amazon Trainium, and Infrastructure Agnosticism
- [47:05](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-02-episode-155-show-me-the-money-nvidia-earnings-and-more-from-the-week#t=2825) CoreWeave Earnings and the Neocloud Business Model
- [53:50](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-02-episode-155-show-me-the-money-nvidia-earnings-and-more-from-the-week#t=3230) SaaS, AI Agents, and the Future of Software Development

## Topics

- [Chips, FPGAs & semiconductors](https://hardwarepodcasts.com/topic/chips-and-fpgas)
- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Direct-to-consumer & e-commerce](https://hardwarepodcasts.com/topic/direct-to-consumer)
- [Growth, exits & acquisitions](https://hardwarepodcasts.com/topic/growth-exits-and-acquisitions)

## Most relevant to

large enterprises

## Mentioned

- AMD (company)
- Meta (company)
- NVIDIA (company)
- OpenAI (company)
- Amazon (company)
- CoreWeave (company)
- Anthropic (company)
- Salesforce (company)
- Cisco (company)
- TSMC (company)
- Instinct (product)
- Grace Blackwell (product)
- Vera Rubin (product)
- Trainium (product)
- Claude (product)

## Related episodes from other shows

- [CEO Interview: Mike Henry of Mythic | The Biggest Chip Deal Ever | Do Androids Dream of Electric Smartphones?](https://hardwarepodcasts.com/podcast/ee-times-current/2020-09-18-ceo-interview-mike-henry-of-mythic-the-biggest-chip-deal-ever-do-androids-dream) (EE Times Current)
- [Can the Nvidia Monopoly on AI Chips Be Broken?](https://hardwarepodcasts.com/podcast/ee-times-current/2026-03-16-can-the-nvidia-monopoly-on-ai-chips-be-broken) (EE Times Current)
- [China’s $28B Big Fund | The Cockiest Startup | Sony’s Ambitions](https://hardwarepodcasts.com/podcast/ee-times-current/2019-11-22-chinas-28b-big-fund-the-cockiest-startup-sonys-ambitions) (EE Times Current)
- [Interview: AMD CTO Papermaster | Interview: Imagination CEO Black | Where to Invest in 2020](https://hardwarepodcasts.com/podcast/ee-times-current/2020-01-24-interview-amd-cto-papermaster-interview-imagination-ceo-black-where-to-invest-in) (EE Times Current)
- [How Much is Enough for Hyperscale Companies?](https://hardwarepodcasts.com/podcast/ee-times-current/2019-07-26-how-much-is-enough-for-hyperscale-companies) (EE Times Current)

## Citing this page

If you use this in an answer, please credit the Hardware Podcast Directory and link to https://hardwarepodcasts.com/podcast/the-circuit/2026-03-02-episode-155-show-me-the-money-nvidia-earnings-and-more-from-the-week. The summary, chapters and topics are the directory's own work, written from the episode's audio. The episode itself, its title and its audio belong to The Circuit.