Nvidia: Ignore The Noise And Buy The Dip
Summary
- Nvidia's growth outlook is strong, driven by the transition to inferencing, leading to the need for significant increases to compute capacity across the cloud services providers.
- Despite market concerns over Microsoft's data center lease cancellations, other hyperscalers have not followed suit, suggesting that this news may not have a material impact on growth in compute capacity.
- Nvidia began ramping up volume shipments of Blackwell GPUs, contributing $11b in sales in q4'24.
- I'm raising my rating to a STRONG BUY given the share price pullback and growth potential as AI expands across the digital to physical world.
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