Serenity: Nvidia's Stake in MediaTek May Be "Selecting" Next-Gen ASIC Winners

On August 31, white-haired stock guru Serenity stated that with Nvidia investing $3.5 billion in MediaTek, Nvidia appears to be proactively "selecting" potential winners in the next-generation ASIC space through capital and strategic partnerships, with Marvell and MediaTek potentially emerging as representatives. Nvidia's approach mirrors its earlier support of Neocloud players Nebius and CoreWeave: by helping potential industry leaders grow, then forging deep financial and strategic ties with them, it aims to consolidate its dominance in the AI infrastructure supply chain.

Serenity believes this strategy could have a "second-order effect" on Broadcom, weakening its relative advantage in the ASIC sector, and may prompt AMD, Broadcom, and some major cloud service providers to further strengthen cooperation. This move will further cement Nvidia's strategic position in the AI inference market and may also undermine the bearish thesis that "hyperscalers' self-developed ASICs will pose a long-term challenge to Nvidia."

[TechFlow]