Mar. 16 at 12:19 AM
$NVDA Why lastest paper by BEAR BURRY IS ONCE AGAIN... Wrong. Section 1/2
$NVDA ≠ 2000
$CSCO. Nvidia just posted FY26 revenue of
$215.9B (+65% YoY), operating income of
$130.4B (~60% margin), net income of
$120.1B (~56% margin), and Q4 gross margin of 75.0%. That is massive realized earnings power, not a pure hype story.
Near-term trend is still up, not cracking. Nvidia guided Q1 FY27 revenue to
$78.0B, which is about +14.5% vs Q4’s
$68.1B, and it said that outlook assumes zero China data-center compute revenue. Hard to call that a Cisco-style collapse setup.
The
$95.2B purchase-commitment headline needs context. That figure is about 44% of FY26 revenue, and Nvidia says those commitments reflect datacenter-scale production and longer ordering horizons; in some cases agreements can be rescheduled or adjusted before firm orders. It is a risk, yes, but not proof of demand collapse.
