# EP 190: NVIDIA and Marvell Earnings, Hot Chips Hot Takes

- Show: [The Circuit](https://hardwarepodcasts.com/podcast/the-circuit)
- Published: 2026-08-31
- Length: 53m
- Episode: 183
- Page: https://hardwarepodcasts.com/podcast/the-circuit/2026-08-31-ep-190-nvidia-and-marvell-earnings-hot-chips-hot-takes
- Listen: https://share.transistor.fm/s/9555affd

## Summary

Ben Bajarin and Jay Goldberg analyze NVIDIA’s earnings, highlighting a 70% revenue growth guide driven by supply constraints and TSMC capacity, while noting margin pressure from rising memory and component costs. They discuss Marvell’s strategic focus on XPU-attached silicon and its $1.2 billion Google deal, contrasting its 60% growth with NVIDIA’s aggressive outlook. The hosts also cover the Hot Chips conference, describing an 'era of ferment' with competing inference architectures, custom HBM base dies, and workload-specific silicon from companies like Waymo and AMD.

## Chapters

- [0:05](https://hardwarepodcasts.com/podcast/the-circuit/2026-08-31-ep-190-nvidia-and-marvell-earnings-hot-chips-hot-takes#t=5) Introduction: The Circuit and Hot Chips Overview
- [1:20](https://hardwarepodcasts.com/podcast/the-circuit/2026-08-31-ep-190-nvidia-and-marvell-earnings-hot-chips-hot-takes#t=80) NVIDIA Earnings: 70% Growth and Supply Constraints
- [6:31](https://hardwarepodcasts.com/podcast/the-circuit/2026-08-31-ep-190-nvidia-and-marvell-earnings-hot-chips-hot-takes#t=391) NVIDIA, Intel, and TSMC Capacity Dynamics
- [9:58](https://hardwarepodcasts.com/podcast/the-circuit/2026-08-31-ep-190-nvidia-and-marvell-earnings-hot-chips-hot-takes#t=598) NVIDIA Margin Pressure and Memory Costs
- [17:04](https://hardwarepodcasts.com/podcast/the-circuit/2026-08-31-ep-190-nvidia-and-marvell-earnings-hot-chips-hot-takes#t=1024) NVIDIA Financing Programs and Neo-clouds
- [23:51](https://hardwarepodcasts.com/podcast/the-circuit/2026-08-31-ep-190-nvidia-and-marvell-earnings-hot-chips-hot-takes#t=1431) Marvell Earnings and XPU-Attached Strategy
- [29:25](https://hardwarepodcasts.com/podcast/the-circuit/2026-08-31-ep-190-nvidia-and-marvell-earnings-hot-chips-hot-takes#t=1765) Hot Chips Conference: Era of Ferment
- [41:24](https://hardwarepodcasts.com/podcast/the-circuit/2026-08-31-ep-190-nvidia-and-marvell-earnings-hot-chips-hot-takes#t=2484) Custom HBM Base Dies and Memory Vendor Strategy
- [48:34](https://hardwarepodcasts.com/podcast/the-circuit/2026-08-31-ep-190-nvidia-and-marvell-earnings-hot-chips-hot-takes#t=2914) Waymo Workload-Specific Silicon and AMD Acquisitions

## Topics

- [Chips, FPGAs & semiconductors](https://hardwarepodcasts.com/topic/chips-and-fpgas)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Connected products & IoT](https://hardwarepodcasts.com/topic/connected-products-and-iot)
- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)

## Most relevant to

large enterprises

## Mentioned

- NVIDIA (company)
- Marvell (company)
- TSMC (company)
- Intel (company)
- Google (company)
- AMD (company)
- Waymo (company)
- Samsung (company)
- SK Hynix (company)
- Micron (company)
- DMatrix (company)
- SambaNova (company)
- Talos (company)
- TPU (product)
- HBM (product)
- CXL (other)

## Related episodes from other shows

- [Whither Semiconductors? The Wheels on the Bus Go ‘Round and ‘Round](https://hardwarepodcasts.com/podcast/ee-times-current/2021-07-16-whither-semiconductors-the-wheels-on-the-bus-go-round-and-round) (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)
- [Bonkers Birthday Badinage](https://hardwarepodcasts.com/podcast/the-amp-hour/2012-06-18-bonkers-birthday-badinage) (The Amp Hour)
- [Monte Carlo Formula E Race | Trade War: China’s View | AI @ Hot Chips](https://hardwarepodcasts.com/podcast/ee-times-current/2019-05-31-monte-carlo-formula-e-race-trade-war-chinas-view-ai-hot-chips) (EE Times Current)
- [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)

## 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/2026-08-31-ep-190-nvidia-and-marvell-earnings-hot-chips-hot-takes. 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.