The $Intel(INTC.US) (down 17% in after hours) guide down should not be extrapolated on $NVIDIA(NVDA.US) (down 1.3%).Bott…
The $Intel(INTC.US) (down 17% in after hours) guide down should not be extrapolated on $NVIDIA(NVDA.US) (down 1.3%).
Bottom line: Main issue is PC demand. If there is pricing pressure on DCAI it suggests they are likely losing share.The company is calling like it is, demand is slowing because of high memory costs.That’s a read on how customers fell about their chips. If customers were demanding them, high memory costs would have little impact on demand.Nvidia has been beating numbers despite high memory costs and Jensen was bullish last week at GTC Berlin. $SpaceX(SPCX.US), $Meta Platforms(META.US), $Alphabet - C(GOOG.US) all said Capex in CY27 will be signfnalty higher than 2026. The Street is looking for 42% growth compared to $82% this year.Source: Gene Munster
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