Nvidia: Supplier-Led Blackwell Delays Can Push Out Production Timelines (Archive)
Supplier-driven Blackwell delays challenge near-term revenues but cheaper valuations support cautious neutrality.
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
- Blackwell chips are expected to make up 80% of total deployments in 2025. But complex specifications are leading to supplier-led delays, likely extending production timelines.
- The revenue outlook is still strong. But I am not sure if the recent news on Blackwell delays have been fully reflected in consensus revenue estimates.
- NVDA stock valuations have gotten cheaper, whilst earnings expectations have remained stable; a good sign for bullish arguments.
- The bulls are holding up well on the technical charts vs S&P 500. The charts suggest the potential for outperformance.
- Expansions of NVIDIA's TAM via a foray into the CPU market is an upside risk that is a key monitorable.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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