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

Compute Futures and the Market Price of GPU Obsolescence

NVIDIA @ Goldman Sachs Communacopia + Technology Conference 2026. Key Takeaways & Full Transcript

Jensen Huang Chats With President Trump @ The All In Summit. Key Takeaways & Full Transcript

NVIDIA Q2 2027. 2028 Supply Cannot Meet The Demand Jensen Is Paying To Create

The Perishable Rack: AI Capex as an Inventory Cycle

NVIDIA Q1 FY27: The Numbers Are Immaculate, but the Balance Sheet Has Questions

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Equity Bottom-Up

<ul>
<li>NVIDIA sees enough customer demand for nearly 100% FY28 growth, but available supply supports roughly 70%. That revenue number also includes richer Rubin system content and higher pricing.</li>
<li>Supporting that growth is becoming more capital intensive: receivables rose 55% QoQ, inventory doubled YoY, while supply commitments have surged to $279 billion.</li>
<li>NVIDIA is also supporting deployment downstream through $36 billion of AI-cloud commitments and $108.5 billion of maximum guarantees, making third-party utilisation an increasingly important test of growth quality.</li>
</ul>


NVIDIA sees enough customer demand for nearly 100% FY28 growth, but available supply supports roughly 70%. That revenue number also includes richer Rubin system content and higher pricing.
Supporting that growth is becoming more capital intensive: receivables rose 55% QoQ, inventory doubled YoY, while supply commitments have surged to $279 billion.
NVIDIA is also supporting deployment downstream through $36 billion of AI-cloud commitments and $108.5 billion of maximum guarantees, making third-party utilisation an increasingly important test of growth quality.


TSMC (Taiwan Semiconductor Manufacturing) (TSM US)

TSMC (Taiwan Semiconductor Manufacturing)

What NVIDIA Has to Commit to Deliver 70% Growth

NVIDIA Corp

What NVIDIA Has to Commit to Deliver 70% Growth