NVIDIA Corporation (NASDAQ:NVDA)’s Q1 results were “fantastic” and showed that the chip maker is not having trouble meeting demand, Byron Deeter said yesterday on CNZBC.
A partner at Bessemer Venture Partners, Deeter was described by CNBC as “a noted cloud AI and software investor.”
NVIDIA Corporation (NASDAQ:NVDA) Has Been Able to Produce Large Quantities of Chips, Deeter Says
NVDA’s results show that it’s “still able to deliver on the supply side,” the investor stated. He added that “there’s never been a question” about the strength of the demand for the company’s chips.
The major cloud-infrastructure players said that they are “begging their supply chains to deliver these chips,” Deeter noted.
As a result, if NVIDIA Corporation is able to produce large numbers of chips, the tech giant will be very successful in the “short term,” Deeter suggested.
NVDA’s Longer-Term Outlook Is More Uncertain
On the other hand, in the longer term, as the large cloud-infrastructure players produce more of their own chips, NVDA’s “performance” could undergo “some pressure,” the investor warned.
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This article is originally published at Insider Monkey.
