# EP 166: NVIDIA Earnings, Dell Tech World and Storage Shock, Tech IPOs

- Show: [The Circuit](https://hardwarepodcasts.com/podcast/the-circuit)
- Published: 2026-05-26
- Length: 58m
- Episode: 169
- Page: https://hardwarepodcasts.com/podcast/the-circuit/2026-05-26-ep-166-nvidia-earnings-dell-tech-world-and-storage-shock-tech-ipos
- Listen: https://share.transistor.fm/s/adea90d2

## Summary

Hosts Ben Bajarin and Jay Goldberg analyze Nvidia's recent earnings, noting the stock's stagnation despite strong financials, and discuss the strategic implications of its new segment reporting structure which blends networking into data center revenue. They examine emerging enterprise trends from Dell Tech World, specifically the financial pressure of cloud token spend driving a shift toward on-prem AI infrastructure, and highlight a miniaturized quantum computer prototype. Finally, they review two major IPO filings: Elon Musk's SpaceX S1, detailing its diverse business units, and China's CXMT, discussing its rapid growth and geopolitical constraints.

## Chapters

- [0:06](https://hardwarepodcasts.com/podcast/the-circuit/2026-05-26-ep-166-nvidia-earnings-dell-tech-world-and-storage-shock-tech-ipos#t=6) Introduction and Nvidia Earnings Overview
- [4:07](https://hardwarepodcasts.com/podcast/the-circuit/2026-05-26-ep-166-nvidia-earnings-dell-tech-world-and-storage-shock-tech-ipos#t=247) Nvidia's New Segment Reporting Structure
- [11:44](https://hardwarepodcasts.com/podcast/the-circuit/2026-05-26-ep-166-nvidia-earnings-dell-tech-world-and-storage-shock-tech-ipos#t=704) Market Narrative and Stock Performance Analysis
- [18:52](https://hardwarepodcasts.com/podcast/the-circuit/2026-05-26-ep-166-nvidia-earnings-dell-tech-world-and-storage-shock-tech-ipos#t=1132) Nvidia's Dedicated CPU Strategy and Vera Rubin
- [30:03](https://hardwarepodcasts.com/podcast/the-circuit/2026-05-26-ep-166-nvidia-earnings-dell-tech-world-and-storage-shock-tech-ipos#t=1803) Dell Tech World: Cooling, Quantum, and On-Prem AI
- [47:10](https://hardwarepodcasts.com/podcast/the-circuit/2026-05-26-ep-166-nvidia-earnings-dell-tech-world-and-storage-shock-tech-ipos#t=2830) SpaceX S1 Filing and Business Breakdown
- [48:20](https://hardwarepodcasts.com/podcast/the-circuit/2026-05-26-ep-166-nvidia-earnings-dell-tech-world-and-storage-shock-tech-ipos#t=2900) CXMT IPO and Memory Market Dynamics

## Topics

- [Connected products & IoT](https://hardwarepodcasts.com/topic/connected-products-and-iot)
- [Chips, FPGAs & semiconductors](https://hardwarepodcasts.com/topic/chips-and-fpgas)
- [Growth, exits & acquisitions](https://hardwarepodcasts.com/topic/growth-exits-and-acquisitions)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Energy & climate tech](https://hardwarepodcasts.com/topic/energy-and-climate-tech)

## Most relevant to

large enterprises

## Mentioned

- Nvidia (company)
- Dell (company)
- SpaceX (company)
- CXMT (company)
- Starlink (product)
- Vera Rubin (product)
- Quantum Computer (product)

## Related episodes from other shows

- [Allbirds collapses, SpaceX IPO targets $1 trillion, Iran buys a Chinese spy satellite, Sony Honda AFEELA canceled, Slate raises $650M, lab-grown chocolate.](https://hardwarepodcasts.com/podcast/go-no-go/2026-04-30-allbirds-collapses-spacex-ipo-targets-1-trillion-iran-buys-a-chinese-spy-satelli) (Go/No-Go)
- [The Silicon 100: How Startups Rule the Future](https://hardwarepodcasts.com/podcast/ee-times-current/2021-07-02-the-silicon-100-how-startups-rule-the-future) (EE Times Current)
- [NVIDIA's Trojan horse, Yann LeCun Timebomb, 8 Sleep Mega Raise and the Physical AI Boom](https://hardwarepodcasts.com/podcast/built-2-scale/2025-08-22-nvidias-trojan-horse-yann-lecun-timebomb-8-sleep-mega-raise-and-the-physical-ai) (Built 2 Scale)
- [2025 Finale: Yann LeCun Raises $3B, Domain Addiction Confessions & Built 2 Scale Year Wrap](https://hardwarepodcasts.com/podcast/built-2-scale/2025-12-22-2025-finale-yann-lecun-raises-3b-domain-addiction-confessions-built-2-scale-year) (Built 2 Scale)
- [AI NEWS | Episode 32](https://hardwarepodcasts.com/podcast/built-2-scale/2025-12-15-ai-news-episode-32) (Built 2 Scale)

## 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/2026-05-26-ep-166-nvidia-earnings-dell-tech-world-and-storage-shock-tech-ipos. 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.