Nvidia - Barbarians at the Moat

Nvidia is one of the largest companies in the world, frequently taking the top spot. It’s revenue is growing at an astonishing rate, with margins better than a lot of pure software businesses - something usually unheard of for hardware companies. All of this is on the back of a massive AI hype cycle. During a gold rush, you should sell picks and shovels. Nvidia is selling bulldozers. In this post, I will dive into the components of Nvidia’s competitive moat, its strengths and weaknesses, and the competitors trying to cross it....

August 9, 2024 · 10 min · 2065 words · Tenzin Wangdhen