Kristina Partsinevelos@KristinaParts#Breaking: US grants Saudi access to Nvidia's advanced chips despite prior restrictions. $NVDA CEO Huang showcased Blackwell racks for HUMAIN, a new AI firm under Saudi's sovereign wealth fund. Major policy shift for regulated tech.Opens with an observation
Kristina Partsinevelos@KristinaParts#BREAKING: Nvidia expanding US manufacturing with 1M+ sq ft for Blackwell chips in AZ and AI supercomputers in Texas. Partnerships with Foxconn, Wistron, Amkor, and SPIL will enable $500B in AI infrastructure production over 4 years, marking $NVDA's "first US factories".Opens with a number
Kristina Partsinevelos@KristinaParts$AMD CEO Lisa Su just doubled her server CPU TAM forecast on the call. In November, AMD guided to ~18% annual growth. Tonight: "we now expect the server CPU TAM to grow at greater than 35% annually, reaching over $120 billion by 2030." Agentic AI driving the rerate.Opens with an observation
Kristina Partsinevelos@KristinaPartsNEW $NVDA CEO on buybacks: those big AI-lab investments this year won't repeat, because he expects those firms to go public. That frees up "tremendous" free cash flow next year. Buybacks were 60% of returns last quarter, and says "we are going to increase that going forward".Opens with an observation