Nvidia's networking division generated $11 billion last quarter. That number gets no stage time at keynotes, no analyst breathlessness, no headlines. It exists anyway.
The business sells the connectors, switches, and cables that make GPU clusters actually function at scale. Without it, the chips are stranded. Nvidia has quietly vertically integrated the entire AI infrastructure stack, and the networking arm is now large enough to be a standalone Fortune 500 company.
The full piece traces how this division grew, who it competes with, and what it signals about Nvidia's long-term strategy beyond silicon. If you think you understand Nvidia's moat, you probably only understand half of it.
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