Jensen was asked how far $NVDA is willing to go to back neoclouds. He avoided giving a direct answer, but it’s clear that he’s willing to do a lot. Let me be clear: $NVDA and neoclouds are tied at the hip. Almost 45% of $NVDA’s revenue now comes from non-hyperscaler customers, mainly neoclouds. If neoclouds go down, $NVDA will cede much of the initiative over the pace of compute deployments to hyperscalers and hyperscalers will take time to replace more Nvidia GPUs with their own ASICs to boost margins. It’s critical for $NVDA that neoclouds survive and thrive.
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