Quick Read – NVDA’s CUDA software moat drives a 75% gross margin and $49 billion in quarterly free cash flow at a forward P/E of just 24. – AMD carries a trailing P/E of 210 and 55% gross margins while NVDA posts $75 billion in data center revenue per quarter. – Jim Cramer’s…
ne about NVIDIA (NASDAQ:NVDA) being the most proprietary chip company in the history of the world captures why the stock keeps drawing long-term capital. The case for owning it on a decade-long horizon strengthens with every quarterly report
The Core Reason: CUDA Is the Moat Every AI developer builds on CUDA. Each hyperscaler trains on it. Every frontier model, from OpenAI to Anthropic to Meta’s multi-year Blackwell and Rubin deployment, runs on it.
That software moat is why NVIDIA’s Q1 FY27 non-GAAP gross margin printed at 75%, expanded from 60.8% a year earlier. Numbers like that come from proprietary ecosystems, not commodity chip businesses. The Receipts Data Center revenue hit $75.246 billion, up 92% YoY.