What's more interesting is that TSMC's sales in 2023 compared to 2022 have decreased rather than increased. And the TTM sales growth is only in single digits.
So is this because TSMC is saturated with capacity and NVIDIA is moving to other partners? But UMC, the second largest chipmaker, even saw a double-digit drop in sales - even Intel, which is almost reduced to a meme stock, didn't grow its sales at such a low rate, with its TTM sales growth rate just a bit lower than TSMC's (1.99% vs. 5.61%).
As the old joke goes, "You can see the computer age everywhere but in productivity statistics", you can see AI revolution everywhere but in financial statements - except for SMCI's financial statements, which were suspected by short sellers of being faked and had to be delayed, and NVIDIA's several times more impressive financial statements. Maybe we can see the super AI revolution in OpenAi/CoreWeave/xAI/Anthropic's financial reports after its IPO. We can just dream bigger.
In conclusion, I think this means Nvidia will continue to rise. Because the scam involved is so big that its likely to be pushed up in a combined effort to favour all parties in the industry like Wirecard and Bitcoin. However, just as I would advise people not to consider going long or short Bitcoin, I would also advise people not to go long or short Nvidia.
Edit:
There doesn't seem to be a serious shortage of accelerator cards at the moment. Rather, there seems to be a bit of a surplus of accelerator cards already available in data centres at the moment. More than half of the instances are "available".
