Analysis: If Nvidia's new CEO tightens support for emerging cloud providers, it could accelerate customer shifts to AMD and Google TPU.

BlockBeats news, November 13 - Citrini analyst Jukan stated that NVIDIA GPUs are still in short supply, but the company cannot maintain chip premiums and market dominance without continued support for emerging cloud service providers (Neoclouds). If the new CEO adopts a more cautious attitude towards financing and business support for related enterprises, it could lead to a decline in GPU spot prices and pressure on Neocloud profit margins, forcing these companies to turn to AMD or Google TPU ecosystems.

Jukan believes that Neoclouds are a crucial part of NVIDIA's ability to maintain chip order scale and supply chain control. Once customers gradually break away from dependence on NVIDIA, the company's long-established business growth flywheel may be impacted.

He also pointed out that Jensen Huang previously actively promoted NVIDIA chips into the Chinese market and attempted to maintain Chinese AI developers' dependence on the NVIDIA ecosystem through overseas Neocloud leasing channels, thereby safeguarding related computing power demand and Neocloud utilization rates. However, these practices also touch the gray areas of US policy, posing political and regulatory risks.

Jensen Huang originally hoped to continue bearing some customer financing risks until Neoclouds have the ability to independently purchase next-generation GPUs, but it is currently uncertain whether the new CEO is willing to continue this strategy. He expressed concern about NVIDIA without Jensen Huang's leadership.