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# Nvidia: Getting Clues On Outlook From Its Key Customers (Archive)
- URL: https://www.huntingalphas.com/nvidia-getting-clues-on-outlook-from-its-key-customers-archive/
- Published: 2025-01-22T20:08:00.000Z
- Updated: 2026-02-28T09:36:04.000Z
- Description: Tracking hyperscaler capex, Blackwell delays, valuation and Pelosi flows for Nvidia.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, Tech, NVDA

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Hyperscalers are major customers of Nvidia Corporation. A deceleration in hyperscaler capex spending is expected in 2025, which can temper NVDA's revenue growth expectations.
- Blackwell shipment forecasts have started to be revised downward due to delays driven by issues of overheating again. Some customers are postponing their orders for later versions of the product.
- On the bright side, NVDA stock has become less expensive, trading at a 17% discount to its 5-yr median levels on a 1-yr fwd P/E basis.
- I am still a keen buyer of NVDA, and I am waiting for a retest of monthly support on NVDA vs. S&P 500 to add to my positions.
- Nancy Pelosi has a terrific investment track record, which makes her portfolio moves worthwhile to track. Over the last couple of months, she has been unloading NVDA shares.

Read the full article [here](https://seekingalpha.com/article/4751228-nvidia-getting-clues-on-outlook-from-its-key-customers?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*