Executive summary Summary fundamentals Detailed fundamental analysis Revenue trends and addressable markets NVIDIA’s revenue performance is dominated by datacenter AI compute. Q2 fiscal 2026 showed $41.1B of data-center sales – the vast majority of NVIDIA’s top-line growth and the clearest indicator of AI infrastructure demand. That scale gives NVIDIA leverage across DGX/GB200/Blackwell systems, software, and…
Executive summary Summary fundamentals Below are the latest reported headline fundamentals for representative large-cap semiconductor companies. Each bullet uses the company’s most recent quarterly release. Each figure above is direct from the companies’ investor releases cited. Detailed fundamental analysis Why multiples expanded: growth vs optionality Historically semiconductor multiples tracked cyclical demand and capital intensity. In…
Executive summary Summary fundamentals Narrow selection statistics for headline AI chipmakers (latest reported quarter): All figures cited from company releases and investor filings. Detailed fundamental analysis Revenue trends and concentration AI acceleration demand is highly concentrated among a few product lines. NVIDIA’s data-center Blackwell platform accounts for the overwhelming majority of its recent revenue surge;…
Executive summary AI infrastructure spending (hyperscaler capex for model training, inference clouds, networking and storage plus enterprise AI deployments) is the dominant demand driver for semiconductor suppliers, datacenter networking and cloud service providers in 2025. Winners have one or more of three positions: (A) provide accelerators (GPUs/AI ASICs), (B) supply supporting silicon or networking (switches,…