---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000871049.md"
description: "Thoughts on $NVIDIA(NVDA.US) later today:Prediction: - I don't see a revenue beat being a catalyst for NVDA.- Everyone knows that revenue will be ~10-15% ahead of estimates thanks to GB300 (and GB200) volume expansion.- Moreover, looking historically, recent beat & raise quarters have not been a positive re-rating catalyst for NVDA's share price... perhaps the quarter's already been priced-in due to a +12% move in the last month.- On the flip side, maybe this time will be different thanks to the stock currently trading at extremely low valuations... I actually think broader institutional sentiment improved as of yesterday too with significant short covering which drove the share price up.  Time will tell.For next quarter:- No surprises - guidance will of course increase thanks to additional ramps in rack volumes, plus first Vera Rubin orders filtering through.- I expect gross margins to remain stable thanks to ASP increases offsetting continued memory price surges from $SK Hynix(SKHY.US), $Micron Tech(MU.US), and Samsung.In terms of "qualitative" catalysts, there are a few areas Jensen and co. need to touch on though (common threads across the street):1. HBM: Per JPM/MS/GS (and wider industry comments), NVDA have made changes to HBM content for both Rubin and Rubin Ultra.  This is of course due to memory supply being extremely scarce currently - but what does this mean for NVDA exactly?  On the flip side...what does this mean for the memory players?  Can NVDA keep passing on price increases to customers if memory prices continue soaring?  I hope this is all expanded on on the call in some detail.2. Competition such as $AMD(AMD.US), $Cerebras(CBRS.US), OpenAI Jalapeno:Around ~40-50% of NVDA's revenue comes from four hyperscalers that are all deploying their own stuff - $Alphabet(GOOGL.US) TPU, $Amazon(AMZN.US) Trainium, $Meta Platforms(META.US) MTIA, $Microsoft(MSFT.US) Maia.  Plus OpenAI / $Broadcom(AVGO.US) revealing benchmark results for their in-house Jalapeno chip which shows 1.5-1.9x more throughput per kilowatt + 1.7-3.6x lower end-to-end latency against NVDA's GB200 and GB300 rack systems.  All of these factors have been working against NVDA recently, even just from a sentiment perspective.  Jensen's updated views will be appreciated!3. Funding partnerships: A few weeks ago, NVDA announced a partnership with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR "to establish AI compute infrastructure financing platforms to mobilize over $500 billion of third-party capital."  Again, what does this mean for NVDA?  They quite clearly have sight over demand longer-term, but "circular financing" is still something that still comes up a lot these days (despite Jensen outlining why it's not in his X article).Big day ahead, expecting some volatility thanks to last minute positioning adjustments."
datetime: "2026-08-26T12:40:14.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000871049.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000871049.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000871049.md)
author: "[Paradi Lab](https://longbridge.com/en/profiles/27651407.md)"
generator: "portal-rs"
---

# Thoughts on $NVIDIA(NVDA.US) later today:Predictio…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**