EP.006: NVDA: Understanding the Bear Case
Pitch The PM Live
Doug Garber breaks down his thesis on the future of NVIDIA using his Variant View checklist. He draws on insights from his recent episode with Gil Luria and incorporates real-time analytics from our show sponsors
5 key points discussed:
✅ Customer capex from a couple Big Tech customers is flattening out sequentially and that should make it hard for NVDA to continue to beat already high expectations for +$4B of QoQ revenue growth. The debate is how much will others absorb?
✅ The S+D for GPU's is already seeing PRICING pressure in the rent by the hour market - the canary in…
The skinny
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