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  • D
    Dolphin Research

    NVDA: Delivery Over Specs โ€” Who Is Jensen Huang's Cost Calculus For?

    Below is Dolphin Research's Trans of the NVIDIA GTC Europe (Oct 21, 2026; Berlin) CEO keynote. This session was a keynote with no Q&A.

    Core takeaways as organized by Dolphin Research: Jensen Huang's remarks focused on the 'European narrative', 'AI factories', 'agents and software coexisting', and 'physical AI'.

    1) European narrative: given the Europe-based venue, he emphasized Europe should shift from 'using AI' to 'building AI', following a five-layer stack from energy โ†’ compute โ†’ AI factories โ†’ models โ†’ applications...

    DY
    Building Europe's AI Economy AgileRL RAGILE ROBOTS wWbotics A AVELIOS BASECAMP B
    Inside NVIDIA DSX POD๏ผš a Vera Rubin AI factory in a shipping container (schemati
    Enterprise Platforms Build Agents on NVIDIA Agent Toolkit cadence CROWDSTRIKE DA+4
    NVIDIAHot topic
  • D
    Dolphin Research

    NVDA (Trans): Demand to grow 70%+ next year; cloud backlog tops 2 tn

    Q2 revenue reached $96bn, doubling YoY, and the company for the first time guided FY28 growth at approx. 70%.

    This figure is supplyโ€‘constrained, with underlying demand growth near 100%.

    Rising memory prices will compress GPM to a Q4 low of 71โ€“72%, while nonโ€‘hyperscaler ACIE is set to account for half of the data center business.

    ๅ›พ็‰‡ 1๏ผŒๅ…ฑ 1 ๅผ 
    NVIDIAConference Minutes
  • H
    Hardik Shah

    ๐Ÿ“ข ๐—๐—จ๐—ฆ๐—ง ๐—œ๐—ก: NAVER, $NVIDIA(NVDA.US) NVIDIA and Brookfield Plan Major Korea-U.S. AI Infrastructure Expansion

    ๐Ÿ‘‰ ๐—ž๐—ฒ๐˜† ๐—›๐—ถ๐—ด๐—ต๐—น๐—ถ๐—ด๐—ต๐˜๐˜€:

    โžค ๐—ก๐—”๐—ฉ๐—˜๐—ฅ, ๐—ก๐—ฉ๐—œ๐——๐—œ๐—” and ๐—•๐—ฟ๐—ผ๐—ผ๐—ธ๐—ณ๐—ถ๐—ฒ๐—น๐—ฑ plan gigawatt-scale AI infrastructure.

    โžค Initial AI factory capacity will expand from ๐Ÿฑ๐Ÿฑ ๐— ๐—ช to ๐Ÿฎ๐Ÿฌ๐Ÿฌ ๐— ๐—ช.

    โžค The expanded facility is targeted for completion by ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿด.

    โžค ๐—ก๐—”๐—ฉ๐—˜๐—ฅ ultimately plans to deploy ๐Ÿญ ๐—ด๐—ถ๐—ด๐—ฎ๐˜„๐—ฎ๐˜๐˜ of AI infrastructure.

    โžค ๐—ก๐—ฉ๐—œ๐——๐—œ๐—” plans a strategic ๐—ก๐—”๐—ฉ๐—˜๐—ฅ investment of $๐Ÿญ ๐—ฏ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป.

    โžค ๐—•๐—ฟ๐—ผ๐—ผ๐—ธ๐—ณ๐—ถ๐—ฒ๐—น๐—ฑ plans to fund up to $๐Ÿต ๐—ฏ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป.

    โžค Infrastructure will use ๐—ก๐—ฉ๐—œ๐——๐—œ๐—” ๐——๐—ฆ๐—ซ at ๐—š๐—”๐—ž ๐—ฆ๐—ฒ๐—ท๐—ผ๐—ป๐—ด.

    โžค Planned systems include ๐—ฉ๐—ฒ๐—ฟ๐—ฎ ๐—ฅ๐˜‚๐—ฏ๐—ถ๐—ป and ๐—•๐—น๐—ฎ๐—ฐ๐—ธ๐˜„๐—ฒ๐—น๐—น platforms.

    โžค Capacity will support AI innovators in ๐—ž๐—ผ๐—ฟ๐—ฒ๐—ฎ and the ๐—จ.๐—ฆ.

    โžค ๐—ก๐—”๐—ฉ๐—˜๐—ฅ is developing HyperCLOVA X, AI agents and a Seoul World Model.

    ๐Ÿ‘‰ ๐—ช๐—ต๐˜† ๐—ง๐—ต๐—ถ๐˜€ ๐— ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€:

    โžค Strengthens South Koreaโ€™s position in ๐˜€๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป ๐—”๐—œ infrastructure.

    โžค Expands access to production-scale compute for startups and enterprises.

    โžค Deepens ๐—ก๐—ฉ๐—œ๐——๐—œ๐—”โ€™s role across national AI infrastructure projects.

    โžค Creates potential long-term demand for advanced GPUs and AI software.

    โžค Combines private capital, data centers and accelerated computing at scale.

    ๐Ÿ‘‰ ๐—˜๐˜…๐—ฝ๐—ฒ๐—ฟ๐˜ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐˜€:

    ๐—›๐—ฎ๐—ฒ๐—ท๐—ถ๐—ป ๐—Ÿ๐—ฒ๐—ฒ, Founder and Chairman of NAVER:

    โ€œNVIDIAโ€™s planned strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVERโ€™s vision for the AI factory business into a robust execution phase. Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem and spearhead efforts to strengthen South Koreaโ€™s AI competitiveness.โ€

    ๐—ฆ๐—ถ๐—ธ๐—ฎ๐—ป๐—ฑ๐—ฒ๐—ฟ ๐—ฅ๐—ฎ๐˜€๐—ต๐—ถ๐—ฑ, Global Head of AI Infrastructure at Brookfield:

    โ€œThe partnership will combine Brookfieldโ€™s global AI infrastructure investment capabilities, NAVERโ€™s full-stack AI and data center operating expertise, and NVIDIAโ€™s accelerated computing platform to advance Koreaโ€™s AI capabilities. As AI adoption accelerates across the global economy, access to trusted, sovereign and scalable AI infrastructure is becoming an increasingly important strategic priority for companies and countries.โ€

    ๐—๐—ฒ๐—ป๐˜€๐—ฒ๐—ป ๐—›๐˜‚๐—ฎ๐—ป๐—ด, Founder and CEO of NVIDIA:

    โ€œAI factories are the infrastructure nations need to compete and innovate in the intelligence era. Together, NAVER, NVIDIA and Brookfield are building sovereign AI infrastructure at the scale needed to fuel Koreaโ€™s startups and industries. This is how nations and companies are building their futures in the age of AI.โ€

  • N
    NVIDIA_X

    To compete in the intelligence era, nations need AI factory infrastructure.

    Together, @official_naver, NVIDIA, and @Brookfield are expanding Koreaโ€™s national AI factory buildout to fuel Koreaโ€™s startups and industries at gigawatt-scale.

    NAVER is deploying the NVIDIA DSX platform to deliver full-stack, lowest-cost AI factory infrastructure.

    Source: NVIDIA_X

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