Bloomberg Surveillance · Thursday, August 27, 2026
Angelo Zeno addresses competitive pressures on NVIDIA, including customers developing in-house chips, but notes that NVIDIA anticipates a 50-50 split between hyperscalers and non-hyperscalers. He also highlights the significant developer ecosystem and the potential for AMD's Helios to gain traction.
“You're absolutely right. And I'd say the competitive pressures are out there. And, you know, we still look at NVIDIA even after the monster move today.”
“But as far as the competitive dynamics and the customer base is concerned, the good thing is we are starting to see, and there are signs that that customer base will diversify going into next year, essentially NVIDIA pointing towards more of a 50-50 split as we go into next year.”
“But keep an eye out for AMD. You're going to see them really come on hard, I think, over the next couple of years. They're just now ramping up Helios. And we think there's some significant potential for that over the next couple of years.”