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Open original source ↗$SPCX accounted for about 5% of overall revenue. Last quarter it was more like 3%.
Looks like they moved $SPCX revenue from ACIE into Hyperscalers which makes sense because SPCX is now a hyperscaler with 8GW coming online next year, same as $META and $AMZN.
If you put SPCX back into ACIE in July, ACIE would have grown 160% yy, vs. Street 130%. That would imply hyperscalers growth of 83% in July, inline with the Street.
For the record, with the reported recast growth rates were hyperscalers up 101%, and ACIE up 138%.
This does not change the fact, the the script has flipped to ACIE having higher growth rates going forward vs. hyperscaler.
Quoted context
These are the quoted author’s words.
$NVDA down slightly on gross margin guide of 74% in Oct. Street was at 75.0%. Big picture, the AI growth story is intact. Now have to wait for the call. Besides the margin guide, the numbers looked great. They reported revenue growth of 106% yy, compared to 107% in April (adjusting for China sunset a year ago). The reported growth in July is similar growth rates as April in face of law of large numbers is a win.Street was looking for 95% yy growth in July. Guide was a similar upside that they showed last quarter. Guided up 3%. Last quarter guided the out quarter up 4.3%. That's also a win.
munster_gene ↗