Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

How Much of Nvidia’s Demand Is Nvidia-Enabled?

The Cost of Running Hot: Nvidia's Warranty Reserves Spike 168%

NVIDIA. Burry's Claims Miss The Forest For The Trees. The Real Issues Are Structural, Not Legal

The Intel-Nvidia Deal Could Outflank AMD Entirely

Not a Bargaining Chip: Beijing Is Dismantling Nvidia’s China Playbook

Working Capital Strain: Why Nvidia’s Cash Flow Isn’t Keeping Up with Its Profits

Primer: Advanced Micro Devices (AMD US) - Sep 2025

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Equity Bottom-Up

<ul>
<li>Nvidia is transitioning from a GPU vendor to a full-stack systems supplier for AI infrastructure, with the Data Centre segment driven more by integrated rack-scale deployments than standalone accelerators.</li>
<li>Management positions Nvidia as the reference architecture for a “$3–4 trillion annual AI infrastructure build”, but finished goods inventories are up 90%+ amid "sold-out cloud capacity."</li>
<li>The rapid shift toward rack-scale systems introduces new ecosystem tensions, as Nvidia’s move into full system design increasingly overlaps with the domain of OEM partners.</li>
</ul>


Nvidia is transitioning from a GPU vendor to a full-stack systems supplier for AI infrastructure, with the Data Centre segment driven more by integrated rack-scale deployments than standalone accelerators.
Management positions Nvidia as the reference architecture for a “$3–4 trillion annual AI infrastructure build”, but finished goods inventories are up 90%+ amid "sold-out cloud capacity."
The rapid shift toward rack-scale systems introduces new ecosystem tensions, as Nvidia’s move into full system design increasingly overlaps with the domain of OEM partners.


Sold Out Yet Stockpiled: Nvidia’s Q3 Highlights Potential Deployment Limits

NVIDIA Corp

Sold Out Yet Stockpiled: Nvidia’s Q3 Highlights Potential Deployment Limits