This is the latest blog post from Ben Thompson’s Stratechery. Thompson is one of the best writers when it comes to technology businesses and in this article he writes about the biggest tech story of 2023: Nvidia.
For those new to the company, Nvidia is the chip designer that has created a lot of the hardware powering the artificial intelligence revolution. And this chart sums up their incredible growth over the past 10 years.
We’ve just come out of Q2 earnings season, and unsurprisingly Nvidia was one of the biggest stories. The chipmaker powering the artificial intelligence revolution announced that it had more than doubled revenue in the past year and expected to keep growing in the coming quarters.
While investors are euphoric, Thompson does point out that a comparison is being made between Nvidia and a high-flying tech stock of a previous generation: Cisco.
Thompson’s article takes a look at the Nvidia & Cisco comparison and asks: is this comparison fair? And what next for the hottest company of 2023?
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