Summary
NVDA earnings are positioned as the pivotal catalyst for whether the AI-infrastructure trade can resume, with customer demand, supply-chain friction, Rubin adoption, supply-chain leverage, and financing concerns as the key swing factors. Because the article is a preview rather than a detailed analysis, the immediate market takeaway is that traders should watch for the promised follow-up on NVDA read-throughs, MRVL, SIVE, and the Landmark/CW-laser commentary.
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•The author says NVDA earnings contain 'some good nuggets for the whole AI infra trade' despite 'not much direct read through for optical'.
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•The main NVDA call takeaways are customer demand, supply chain struggles, Rubin adoption rate, supply chain leverage, and financing concerns.
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•The author plans to cover MRVL and SIVE earnings in a separate post tomorrow.
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•The author claims the Landmark earnings call offers 'great alpha' for CW-laser names LITE, COHR, SMTC, MTSI, AAOI and especially IQE, with details promised in the next post.