All-In E143: Nvidia smashes earnings, Arm walks the plank, M&A market, Vivek dominates GOP debate & more
Episode 143 • 8/26/2023
Key Discussion Points:
- Nvidia Earnings
- Q2 revenue hit $13.5B, up 101% year over year
- Q2 net income reached $6B, up 843% year over year
- Board approved $25B share buyback
- Discussion of potential competition and market dynamics
- Debate over future GPU demand and capacity needs
- ARM IPO Discussion
- Filing to go public next month
- Revenue slightly down YoY ($675M last quarter)
- Challenges including shift to AI focus and RISC-V competition
- Debate over appropriate valuation (Chamath suggests $15-20B vs attempted $60-70B)
- Analysis of SoftBank's motivations for the IPO timing
- Republican Primary Debate Analysis
- Strong performance from Vivek Ramaswamy, with discussion of his strategy to appeal to Trump base
- Nikki Haley praised for performance and policy positions
- DeSantis viewed as taking safer, more measured approach
- Analysis of candidates' positions on Ukraine, climate change
- Discussion of debate format effectiveness and candidate evaluation methods
- M&A Market Analysis
- Current M&A market described as "dead as a doornail"
- Adobe-Figma deal facing regulatory scrutiny
- Discussion of Microsoft-Activision deal complications
- Analysis of current exit options for startups (M&A vs IPO vs profitability)
The episode also included interesting discussions about space exploration and potential tequila business ventures, though these were secondary to the main topics.