The Circuit Episode 95: QCOM Financial Investor Day, and NVIDA Earnings (age of Nvidia is over)
Nov 25, 2024
The discussion begins with Qualcomm's pivot to automotive and IoT markets, addressing challenges in the saturated smartphone sector. The hosts analyze Qualcomm's growth strategy and its potential in electric vehicles. Moving on to NVIDIA, they contemplate the company's transition to steady growth amid a competitive landscape. Highlights include technical issues with the Blackwell product and the changing dynamics in the data center processor market. The humorous take on investor relations adds a lighthearted touch to the serious tech talk.
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Episode notes
Qualcomm's Compute Focus
- Qualcomm is shifting from a mobile/communications company to a compute-centric company.
- This diversification strategy focuses on growth in IoT, PCs, edge devices, and automotive.
Qualcomm's Growth Challenges
- Qualcomm faces challenges due to smartphone market saturation and long sales cycles in new markets.
- Their five-year forecasts for IoT and PC revenue are hard to rely on due to market volatility.
Automotive Forecast Reliability
- Qualcomm's automotive forecasts have higher visibility due to slower sales cycles and long-term design wins.
- Their hedging across major automotive trends, including the rise of Chinese EVs, strengthens their position.