<div id="readability-page-1"><div><div>On Wednesday, Nvidia Corporation NVDA CEO Jensen Huang defended the company's dominant AI GPU platform, saying its full-stack architecture, ecosystem reach and performance-per-watt leadership make it irreplaceable, even as rivals Broadcom Inc. AVGO and Marvell Technology Inc. MRV ramp up custom AI chip production to challenge its market position.<h2>Nvidia CEO Explains Why GPUs Still Lead</h2>Speaking on Nvidia's fiscal second-quarter earnings call, Huang dismissed concerns that hyperscalers' investments in application-specific integrated circuits could erode Nvidia's lead in AI compute.&#34;Accelerated computing is unlike general-purpose computing. It's a full-stack co-design problem,&#34; Huang said, highlighting the complexity of AI data centers and Nvidia's advantage in providing an end-to-end platform—from data processing to inference.Huang also noted that Nvidia's GPUs are supported in every cloud and computer company and are built to handle evolving AI model architectures, including multimodal systems.&#34;So when you build a data center with Nvidia platform in it, the utility of it is best. The lifetime usefulness is much, much longer,&#34; he added.<h2>ASIC Arms Race Gains Momentum</h2>Broadcom and Marvell are leading a surge in demand for custom AI accelerators, with the ASIC market forecasted to hit $30 billion in 2025, growing 30% annually.Broadcom, with a 55%-60% share, is powering Alphabet Inc.'s GOOG GOOGL Google's TPU v8 and Meta Platforms, Inc.'s META MTIA chips and is expected to generate $31 billion in AI revenue next fiscal year, a 60% jump.Marvell, holding 15% market share, has won designs for Amazon.com, Inc.'s AMZN Tranium 2 and Microsoft Corporation's MSFT next-gen chips, but its stock is down 41% year-to-date.<h2>Nvidia Stresses Ecosystem, Efficiency Advantage</h2>Huang said Nvidia's performance-per-watt efficiency is unmatched, making it a top choice for data centers constrained by power costs. &#34;Perf per watt drives directly to revenues,&#34; he said.He also highlighted Nvidia's ecosystem, spanning CPUs, GPUs, SuperNICs, NVLink interconnects, Spectrum-X Ethernet switches and its newly unveiled Spectrum-XGS, designed for &#34;AI super factories&#34; with multi-gigawatt compute capacity.<h2>Nvidia's Q2 Earnings And Guidance</h2>Nvidia reported second-quarter revenue of $46.74 billion, up 56% year-over-year, beating Wall Street's $46.02 billion estimate. Adjusted EPS came in at $1.05, and gross margins hit 72.7%.For the next quarter, Nvidia guided revenue between $52.92 billion and $55.08 billion, slightly above the Street's forecast, excluding any H20 chip sales to China.Price Action: Nvidia shares fell 3.14% in after-hours trading following the earnings, according to Benzinga Pro.Benzinga’s Edge Stock Rankings indicate NVDA continues to show a strong upward trend across short, medium and long-term periods, with further performance insights available here.<ul> <li>Alibaba Unites Its Empire To Fight Back Against Meituan</li> </ul>Photo Courtesy: jamesonwu1972 on Shutterstock.com</div></div></div>

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Nvidia CEO Jensen Huang defended the company's AI GPU dominance against rising competition from Broadcom and Marvell, emphasizing the irreplaceable nature of Nvidia's full-stack architecture and performance-per-watt efficiency. Despite the ASIC market's growth, Huang highlighted Nvidia's unmatched ecosystem and long-term utility in data centers. Nvidia reported a 56% year-over-year revenue increase to $46.74 billion for Q2, with guidance for the next quarter between $52.92 billion and $55.08 billion. However, shares fell 3.14% in after-hours trading following the earnings report.

- Nvidia CEO Jensen Huang defended the company's AI GPU dominance, emphasizing its full-stack architecture and performance-per-watt efficiency amid rising competition from Broadcom and Marvell.  
- He highlighted the complexity of AI data centers and Nvidia's comprehensive platform, which supports evolving AI models and offers long-term utility.  
- Nvidia reported a 56% year-over-year revenue increase to $46.74 billion for Q2, with guidance for the next quarter slightly above market expectations, despite a 3.14% drop in after-hours trading.

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Jensen Huang Says Nvidia's Products Irreplaceable As Broadcom And Marvell Push Custom ASIC Chips To Challenge GPU Dominance: Here's Why