Bloomberg Tech Super Micro and Snap Warn of Economic Headwinds, Grab Raises Forecast
Apr 30, 2025
Wu Jin-ho, a Bluebeck Intelligence analyst, discusses the economic pressures affecting tech firms, highlighting Super Micro's disappointing results and the impact on the sector. Peter Oey, CFO of Grab, shares insights on why the Southeast Asia-based delivery giant raised its earnings forecast despite global challenges. They also touch on how AI is transforming productivity and the competitive landscape, contrasting Snap's struggles with Grab’s resilience amid economic uncertainties.
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Chip Transition Delays Demand
- Customers are delaying orders due to anticipation of new NVIDIA Blackwell chips. - This cycle causes temporary softness in server demand reflected by Supermicro results.
AI Chips Boost Infrastructure Needs
- Blackwell generation chips require significantly more cooling infrastructure, impacting customer readiness. - Each new chip generation adds architectural and infrastructure complexities for server manufacturers and customers.
AI Demand Hinges on Spending
- AI demand depends on both enterprise spending and customer willingness to pay for AI products. - Tariff uncertainty and non-chip data center costs are additional constraints for AI infrastructure build-out.