Nvidia’s AI Reign Faces New Scrutiny Over In‑House Chips, Export Curbs and Valuation

Surging networking sales plus rack‑scale offerings give Nvidia a cushion against pricing pressure.

Overview

Nvidia remains the top AI infrastructure supplier following strong earnings and recent product launches.
Investors are now zeroing in on a key risk: hyperscalers are deploying in‑house chips that could reduce Nvidia’s pricing power.
U.S. export limits on advanced chips to China pose a continuing hurdle and have drawn attention to smuggling and fraud reports in the supply chain.
The stock’s rich valuation leaves little room for error, with some commentary warning that even a slight guidance miss could trigger a sharp reset.
Nvidia is broadening its role into full data‑center systems, and networking revenue has more than doubled on demand for Spectrum‑X.