# EP 166: NVIDIA Earnings, Dell Tech World and Storage Shock, Tech IPOs

Page: https://stenobird.com/podcast/the-circuit-5928182/ep-166-nvidia-earnings-dell-tech-world-and-storage-shock-tech-ipos
Text version: https://stenobird.com/podcast/the-circuit-5928182/ep-166-nvidia-earnings-dell-tech-world-and-storage-shock-tech-ipos.md
Podcast: [The Circuit](https://stenobird.com/podcast/the-circuit-5928182)
Published: 2026-05-26T03:33:42+00:00
Episode link: https://share.transistor.fm/s/adea90d2
Audio file: https://media.transistor.fm/adea90d2/cd29c6eb.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-circuit-5928182/episodes/ep-166-nvidia-earnings-dell-tech-world-and-storage-shock-tech-ipos
Duration seconds: 3529

## Resource

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) .

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## Transcript

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