Can you please explain what are the bottlenecks to Blackwell ramp? AFAIK Nvidia said it's sold out through 2025, so isn't AMD the only alternative to non-hyperscalers? I also heard that Nvidia and AMD bought out all of HBM supply through 2025, so how would others even compete without the memory available?
What about AMD semi custom? Do they have any hyperscaler as their client? Why Googl.e and Meta are partnering with Broadcom for their custom AI chips instead with AMD?
This is why I am afraid to short AMD lol. They have no semi-custom customers outside of the video game consoles with Sony and Microsoft. Gut feeling is Microsoft may partner with AMD on AI ASIC semicustom and that tail risk is enough to prevent me from shorting.
“There is a very wide gap between Broadcom/AMD and AMD/4th place”. Did you mean that there is a wider gap of Broadcom and AMD than AMD and 4th place? Or that there is a wide gap between both?
Can you please explain what are the bottlenecks to Blackwell ramp? AFAIK Nvidia said it's sold out through 2025, so isn't AMD the only alternative to non-hyperscalers? I also heard that Nvidia and AMD bought out all of HBM supply through 2025, so how would others even compete without the memory available?
What about AMD semi custom? Do they have any hyperscaler as their client? Why Googl.e and Meta are partnering with Broadcom for their custom AI chips instead with AMD?
This is why I am afraid to short AMD lol. They have no semi-custom customers outside of the video game consoles with Sony and Microsoft. Gut feeling is Microsoft may partner with AMD on AI ASIC semicustom and that tail risk is enough to prevent me from shorting.
Great report. I’d like to ask what you meant by
“There is a very wide gap between Broadcom/AMD and AMD/4th place”. Did you mean that there is a wider gap of Broadcom and AMD than AMD and 4th place? Or that there is a wide gap between both?
Poor writing on my part. What Kasper said.
Can you please explain more on the wider gap between AMD and Broadcom??
Broadcom has much better analog IP (Ethernet, PCIe, memory PHY, silicon photonics).
Wide gap between both