# EP: 157 GTC! OFC! Micron Earnings (margin city)

- Show: [The Circuit](https://hardwarepodcasts.com/podcast/the-circuit)
- Published: 2026-03-23
- Length: 58m
- Episode: 160
- Page: https://hardwarepodcasts.com/podcast/the-circuit/2026-03-23-ep-157-gtc-ofc-micron-earnings-margin-city
- Listen: https://share.transistor.fm/s/fe801330

## Summary

Ben Bajarin and Jay Goldberg discuss the massive scale of Nvidia's GTC conference, where the company positioned itself as a complete 'AI factory' provider through its Grace Blackwell, Vera Rubin, and Grock product stack. They analyze the industry's shift from copper to optical networking at the OFC conference, highlighting Co-Packaged Optics (CPO) and Meta's reliability trials, while also examining Micron's record-breaking earnings and the debate over the durability of the current memory market cycle.

## Chapters

- [0:05](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-23-ep-157-gtc-ofc-micron-earnings-margin-city#t=5) Introduction: The Scale of Nvidia GTC and the 'Nvidia City' Ecosystem
- [7:16](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-23-ep-157-gtc-ofc-micron-earnings-margin-city#t=436) Nvidia's Product Roadmap: Grace Blackwell, Vera Rubin, and Grock Racks
- [16:12](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-23-ep-157-gtc-ofc-micron-earnings-margin-city#t=972) Competitive Dynamics: Nvidia's Vertical Integration vs. Open Standards
- [25:05](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-23-ep-157-gtc-ofc-micron-earnings-margin-city#t=1505) Optical Networking Transition: Copper to Fiber and CPO at OFC
- [37:38](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-23-ep-157-gtc-ofc-micron-earnings-margin-city#t=2258) OFC Takeaways: Co-Packaged Optics, Meta's Reliability, and Standardization Debates
- [50:59](https://hardwarepodcasts.com/podcast/the-circuit/2026-03-23-ep-157-gtc-ofc-micron-earnings-margin-city#t=3059) Micron Earnings: Record Margins, Pricing Power, and Cycle Durability

## Topics

- [PCB design & layout](https://hardwarepodcasts.com/topic/pcb-design)
- [Wireless & RF](https://hardwarepodcasts.com/topic/wireless-and-rf)
- [Chips, FPGAs & semiconductors](https://hardwarepodcasts.com/topic/chips-and-fpgas)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Manufacturing partners & offshoring](https://hardwarepodcasts.com/topic/manufacturing-partners)

## Most relevant to

large enterprises

## Mentioned

- Nvidia (company)
- Jensen Huang (other)
- CoreWeave (company)
- Nebius (company)
- Micron (company)
- AMD (company)
- Broadcom (company)
- Meta (company)
- Google (company)
- AWS (company)
- HPE (company)
- Dell (company)
- Samsung (company)
- SK Hynix (company)
- Grace Blackwell (product)
- Vera Rubin (product)
- Grock Rack (product)
- Jetson (product)
- Nemo Claw (product)
- Dynamo (product)
- Feynman (product)
- CPO (other)
- OFC (other)
- GTC (other)

## Related episodes from other shows

- [Back Into The Swing Of Things](https://hardwarepodcasts.com/podcast/the-amp-hour/2017-05-14-back-into-the-swing-of-things) (The Amp Hour)
- [Is ARR a Myth?](https://hardwarepodcasts.com/podcast/built-2-scale/2025-06-19-is-arr-a-myth) (Built 2 Scale)
- [Designing the AI Factory from the Rack Up](https://hardwarepodcasts.com/podcast/ee-times-current/2026-08-21-designing-the-ai-factory-from-the-rack-up) (EE Times Current)
- [Ep. 29 | NVIDIA CTO Michael Kagan on the New Age of AI and Supercomputers](https://hardwarepodcasts.com/podcast/moores-lobby/2021-09-07-ep-29-nvidia-cto-michael-kagan-on-the-new-age-of-ai-and-supercomputers) (Moore's Lobby)
- [Fixing AI’s Bottlenecks: Memory, Scale, and Sparsity](https://hardwarepodcasts.com/podcast/ee-times-current/2026-04-23-fixing-ais-bottlenecks-memory-scale-and-sparsity) (EE Times Current)

## Citing this page

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