Serenity: NVIDIA Taking a Stake in MediaTek May Be "Picking" the Next-Generation ASIC Winner

In a post, "White-Haired Stock God" Serenity stated that following NVIDIA's $3.5 billion investment in MediaTek, NVIDIA seems to be actively "picking" potential winners in the next-generation ASIC (application-specific integrated circuit) space through capital and strategic partnerships, with Marvell and MediaTek poised to represent this cohort. NVIDIA's strategy mirrors its earlier backing of Neocloud's Nebius and CoreWeave. By fostering the growth of potential industry leaders and subsequently forging deep financial and strategic alliances with them, NVIDIA aims to cement its dominance within the AI infrastructure value chain. This strategy could exert a "second-order impact" on Broadcom, eroding its relative edge in the ASIC domain, while simultaneously incentivizing AMD, Broadcom, and select major cloud providers to deepen their collaborative efforts. Serenity argues that NVIDIA's moves warrant particular attention, as they will further solidify its strategic foothold in the AI inference market and potentially undermine the prior bearish thesis that hyperscalers' in-house ASIC development would pose a long-term challenge to NVIDIA.