我们需要仔细的过目7大的财报

Good news for NVDA

• Google: Alphabet's capital expenditures were $13.2 billion in the second quarter, up 91.4% from the same period last year. Company expects to spend at least $12 billion per quarter on capital expenditures through the end of this year.
• TSLA: FSD is one of the world largest super computer cluster. Q2 margin under pressure also due to heavy investment in AI infrastructure (nVidia H100)

Bad News for NVDA

• Google: Q3 operating margins would be crimped by investments in technical infrastructure and the cost of launching new hardware products. This is why Google stock down after earning conference call
• TSLA: Elon specifically commented on Nvidia commanding price power and their GPU getting very expensive, and Tsla must invest in Dojo (their own GPU)

 

Read between the lines:

• NVDA will continue to have great quarters this year
• Over time, its pricing power will decline as other companies can not keep pouring money into it
• AVGO will benefit because whoever want to make their own GPU, will likely mean revenue for AVGO