EP 166: NVIDIA Earnings, Dell Tech World and Storage Shock, Tech IPOs
From The Circuit by Ben Bajarin and Jay Goldberg
May 26, 2026 · 59 min · Episode 169
About this episode
The hosts discuss NVIDIA's earnings, trends from Dell Tech World, and recent tech IPOs.
In this episode of The Circuit , hosts Ben Bajarin and Jay Goldberg dive into the latest tectonic shifts across the technology and semiconductor sectors, starting with a deep dive into Nvidia's recent earnings report . They analyze Nvidia's impressive numbers—including $91 billion in revenue guidance and strong gross margins—and contrast that success with the stock's stagnant post-earnings performance, comparing the current market skepticism to Apple’s smartphone growth cycle around 2010 . The duo breaks down Nvidia's new segment reporting structure, debating the strategic implications of blending networking into data center revenue and splitting the segment into hyperscalers and "Neo clouds" . Ben then shares his first-hand observations from Dell Tech World, highlighting emerging enterprise trends like the financial motivations driving a shift back toward on-prem AI infrastructure to curb unsustainable cloud token spend . Finally, they wrap up the episode by examining two major recent IPO filings: Elon Musk's multifaceted SpaceX S1 and the rare, high-growth prospectus of China’s largest memory maker, Chongqing Memory Technologies (CXMT) .
People in this episode
Hosts: Ben Bajarin, Jay Goldberg
Topics covered
- NVIDIA earnings
- Dell Tech World
- technology trends
- semiconductor sector
- IPO analysis
- AI infrastructure
Keywords
- NVIDIA
- Dell Tech World
- IPO
- AI infrastructure
- semiconductors
- SpaceX
- Chongqing Memory Technologies
Mentioned in this episode
Organizations: NVIDIA, Apple, Dell, SpaceX, Chongqing Memory Technologies, CXMT
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