Speaker · Updated
Mandeep Singh: latest market views
Bloomberg Intelligence
Summary
Mandeep Singh is Global Head of Technology Research at Bloomberg Intelligence, a senior equity analyst covering internet and infrastructure software and generative AI, and host of the 'Tech Disruptors' podcast.
Chorus has 8 views from Mandeep Singh across 3 episodes on Bloomberg Talks and Bloomberg Surveillance since October 26, 2026. Their latest calls: bullish on NVIDIA and Anthropic.
Where they stand
Their latest bullish or bearish call on each company.
What they talk about most
The latest views
Newest first. Every quote is checked against the episode's transcript.
NVIDIABullish
Nvidia's six-month chip cadence and 5x Blackwell throughput show commendable execution, keeping it ahead.
Nvidia has launched new chip versions almost on a six-month cadence. Its latest architecture is about five times better in throughput than Blackwell. Singh says this lets it iterate and stay ahead of rivals, which explains its large GPU market share, and calls the execution very commendable.
“what NVIDIA has done is they have launched, you know, new versions of their chips almost at a six month cadence, and we are talking about, you know, their latest architecture, which is five times better in terms of throughput than their Blackwell architecture.”at 4:42
Bloomberg Surveillance: Jensen Huang Ousted by Nvidia Board as CEO ·
NVIDIAUncertain
Nvidia's supplier ties, such as with TSMC, enabled its fast capacity ramp, which a new CEO must replicate.
Jensen Huang combined strong technology with deep ecosystem and supply-chain relationships, a rare pairing. Those relationships with TSMC and other suppliers are why Nvidia ramped capacity so fast. Singh says managing them will be the true test for any successor, so the transition carries risk.
“But I think to have those kind of relationships with TSMC and all the suppliers, which is why NVIDIA got to this position in terms of ramping up capacity so fast, I think that will be true test of somebody”at 8:03
Bloomberg Surveillance: Jensen Huang Ousted by Nvidia Board as CEO ·
NVIDIAUncertain
Nvidia's CEO search may run long, with the CFO interim one or two quarters; Jensen is hard to replace.
Singh expects the CEO search to take much longer, with CFO Colette Kress running things for maybe one or two quarters. Jensen Huang's dual strength in technology and in the ecosystem and supply chain is rare. Relationships with TSMC and suppliers, which let Nvidia ramp capacity fast, are hard for any successor to manage. Ian Buck, the front-runner internally, has the technical credentials. A technical leader would help calm investor anxiety, but the ecosystem test is serious.
“I wouldn't be surprised if they take much longer in terms of the CEO search and have Colette kind of take care of things for maybe one or two quarters.”at 3:43
Bloomberg Talks: Instant Reaction: Nvidia CEO Jensen Huang Ousted by Nvidia Board ·
NVIDIABullish
Nvidia's six-month chip cadence and five-times throughput gain over Blackwell show commendable execution.
Nvidia has launched new chip versions almost every six months. Its latest architecture is about five times better in throughput than Blackwell. That lets Nvidia iterate and stay ahead of rivals, which explains its large GPU market share. Singh calls this execution very commendable.
“what NVIDIA has done is they have launched new versions of their chips almost at a six month cadence... their latest architecture, which is five times better in terms of throughput than their Blackwell architecture... is very commendable in terms of execution.”at 5:48
Bloomberg Talks: Instant Reaction: Nvidia CEO Jensen Huang Ousted by Nvidia Board ·
AnthropicBullish
Anthropic's compute efficiency and gross margins are improving fast, a strong story for IPO investors.
Singh cites a compute-efficiency chart in the S-1 showing revenue generated per dollar of compute is improving. He treats this as a proxy for gross margins, which he says are approaching 50% from under 20% just a quarter earlier. He argues that even with a high variable-cost model, Anthropic is improving margins through scale, and that this combination of fast growth and improving margins makes it a good story to tell investors.
“And gross margins are inching closer to 50%. Whereas just a quarter back, it was like sub 20%. So clearly, they are showing that even though this is a variable cost, high variable cost business, we are able to improve our margins.”at 6:46
Bloomberg Talks: Instant Reaction: Anthropic Files for IPO ·
AnthropicBullish
Bankers will likely price Anthropic's IPO conservatively to ensure it is oversubscribed.
Singh expects pricing to be set within about ten days, followed by the roadshow. Based on market rumours, he expects conservative pricing. He says this is to make sure the IPO is oversubscribed, and that a too-aggressive price would risk disappointment. He is therefore positive on the deal's reception, though he says the pricing is still a risk point.
“So even though the bankers may price the IPO conservatively, I wouldn't be surprised. That's to make sure that the IPO is oversubscribed.”at 8:19
Bloomberg Talks: Instant Reaction: Anthropic Files for IPO ·
Only scaled firms with improving margins can run IPOs now; subscale issuers are pulling back.
Singh says the backdrop for IPOs is not as strong as it was three or four months ago, though SpaceX timed its deal better. He argues that a company needs both scale and top-line growth with improving margins to go to market now. Subscale players without margin improvement are pulling back, as seen with some smaller names he says were not improving margins. He sees Anthropic as able to go ahead because of its scale.
“If you are a subscale player where you don't have an improving margin story along with top line growth, that's when you pull back your IPO. And we saw that with a few of the smaller names where I bet you the margins weren't really improving.”at 8:38
Bloomberg Talks: Instant Reaction: Anthropic Files for IPO ·
AnthropicUncertain
Anthropic's management team lacks a seasoned track record, partly offset by its new CFO.
Singh says little is known about the management team and that it lacks the track record of seasoned executives. He points to a recently hired CFO who was central to the IPO process and improved disclosures around the $750 billion commitment figure. He calls the CFO a steady hand, which partly offsets the concern about the team's experience.
“Not a whole lot... they don't have the track record as someone in terms of having seasoned executives and whatnot. Although they did bring in a new CFO a few months back who I think was front and center with this IPO process.”at 9:27
Bloomberg Talks: Instant Reaction: Anthropic Files for IPO ·
Shows
- Bloomberg Talks · 2 episodes
- Bloomberg Surveillance · 1 episode
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