Podcast: NVIDIA's 70% Growth Guide, Dropping Margins, and the Shift to Full Systems
BenBajarin · x · 2026-09-02
The Circuit podcast with Ben Bajarin and Jay Goldberg covers:
- NVIDIA earnings: reaction to the 70% revenue growth guide, capacity constraints, 2028 capacity and the Intel Foundry opportunity, plus supply chain costs behind dropping gross margins.
- Business model shift: selling full systems vs. standalone components, balance sheet competition and neocloud financing.
- Marvell earnings and the "XPU attach" strategy.
- Hot Chips takeaways: the "Era of Ferment", software taxes challenging AI startups, Samsung/SK Hynix custom HBM base dies, and Waymo's unique AV silicon approach.
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