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Nvidia's moat is their pace of performance growth, which is hardware + software + cultural. If they skip a beat, or it becomes impossible to increase performan
by ethbr1 1y ago
Nvidia's moat is their pace of performance growth, which is hardware + software + cultural.
If they skip a beat, or it becomes impossible to increase performance (TSMC node stumble or P4-style dead-end), then it won't take long for someone to catch up.
If they keep executing on better hardware performance + software to support it? They keep the money spigot on.
- bmacho 1y agoPeople are saying that nvidia doesn't have any moat for 20 years. And nvidia hasn't been dethroned, but grown into the largest company in the world in the meantime.
- ethbr1 1y agoBoth realities are true. They don't have a moat... because their moat is their performance growth rate. If they stopped today, competition would flood in. But by the time competition catches up to Nvidia today, Nvidia has moved several steps ahead.