Nvidia Stock Is Selling Off: It’s Not Because Of Blackwell

Summary:

  • Despite this being one of the “smaller” beats in recent quarters, it’s a testament to the strength of Nvidia Corporation’s demand to guide for $2.5 billion sequential growth.
  • Direct liquid cooling doesn’t lie, as it’s intricately linked to the Blackwell launch, implying that Blackwell would indeed ship by Q4.
  • Margins remained strong in Q2, with Nvidia reporting gross and operating margins at the high end and above guided ranges. However, management guided for Q3 margins to contract slightly QoQ.

Nvidia campus in Silicon Valley

Sundry Photography

Our firm extrapolated supply chain data to conclude that Blackwell is in production at Taiwan Semiconductor (TSM) and Super Micro Computer (SMCI) last week in the analysis: Nvidia Stock: Blackwell Suppliers Shrug Off


Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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