农产品日报20251215

NvIDIA(NVDA):NotesfromtheRoad-TakeawaysfromanNvIDIA(NVDA):NotesfromtheRoad-Takeawaysfroman investormeetingwithIRinvestormeetingwithIR NVIDIA addressed the "circularity" concerns, noting thst theyve been making strsteglcinvestments for years, and consiclering tihat their investments YTD ere ~LSD% ofthairrevenues, its clearly not fueling their growth.On the recent announcement of a collaboration with AWS on NVLink, N'VIDIA sees nobundling af their hardware. They're merely extending part their stack and platforn tc AWS'custom silicon.wwxbernctcinresearch.comNVIDIA addressed the "circularity" concerns, noting thst theyve been making strsteglcinvestments for years, and consiclering tihat their investments YTD ere ~LSD% ofthairrevenues, its clearly not fueling their growth.On the recent announcement of a collaboration with AWS on NVLink, N'VIDIA sees nobundling af their hardware. They're merely extending part their stack and platforn tc AWS'custom silicon.wwxbernctcinresearch.com 2027E2095A2027E2095A RalirsCurTargntFwef.0USD275.0014.66,827.41RalirsCurTargntFwef.0USD275.0014.66,827.41 have is Trump's tweet/truth). From there they will assess thelr demand requests and then begin manufacturing-The company does have some H200 related inventory, but not all components, and are stll working with suppliers andhave is Trump's tweet/truth). From there they will assess thelr demand requests and then begin manufacturing-The company does have some H200 related inventory, but not all components, and are stll working with suppliers and rmanufacturers tc get an idea of the production tieline as they prepare to serve this market. They also have not yet received arnyrmanufacturers tc get an idea of the production tieline as they prepare to serve this market. They also have not yet received arny infrsstructure. This is the nature of the partnership with AwS, Trainium 4 ancl lseyond, Gravitorn snd AwS' Nitro platform will rurinfrsstructure. This is the nature of the partnership with AwS, Trainium 4 ancl lseyond, Gravitorn snd AwS' Nitro platform will rur