Is Nvidia Stock a Buy? - The Globe and Mail

Nvidia, as a leader in the artificial intelligence sector, continues to demonstrate strong business momentum, particularly within its data center segment. In its most recent quarter, revenue surged 85... Read original →

Nvidia’s Blackwell and Rubin architectures are not just reinforcing its AI chip dominance—they’re forcing TSMC to accelerate EUV layer stacking and CoWoS packaging capacity, raising the barrier to entry across the entire HPC stack. Geopolitical compliance is quietly eroding margins: U.S. export controls compel Nvidia to develop downgraded chips for China, adding over 15% marginal cost from segregated R&D and production lines. AMD’s MI300 series lacks a full-stack software ecosystem to challenge CUDA’s moat, but cloud giants’ in-house ASICs—like Google’s TPU v6 with 40% better energy efficiency—pose real disruption. Over the next 24 months, ‘compute inflation’ will set in: hardware advances will outpace algorithmic demand, shifting bargaining power back to hyperscalers. Without pivoting from chip vendor to AI infrastructure operator by 2027, Nvidia’s trillion-dollar revenue forecast may collapse under its own weight.