Undoubtedly. But I don’t know of any other company that has less. If they run out of AI customers (will they ever?), they can sell to scientists, crypto miners and gamers. The demand for compute is at an all time high, and the only thing I find slightly puzzling is that the market is so slow to catch up with the demand.
Banks. Banks have less risk, because they make uncorrelated loans and have heavily regulated risk departments. It was a failure of risk management wrt interest rates when SV Bank collapsed.
Nvidia has so much capital at its command that it has become an investment bank. Great. But is that nvidia's core competency, or is it designing chips? Well perhaps this is why they overthrew the guy who kept doubling down on the same bet and installed a finance person.
Moore's Law has been repealed. Transistor density no longer doubles for the same cost every two years. EUV has increased transistor density, but it has also increased the cost of finished wafers.
“But there is also risk…”
Undoubtedly. But I don’t know of any other company that has less. If they run out of AI customers (will they ever?), they can sell to scientists, crypto miners and gamers. The demand for compute is at an all time high, and the only thing I find slightly puzzling is that the market is so slow to catch up with the demand.
Banks. Banks have less risk, because they make uncorrelated loans and have heavily regulated risk departments. It was a failure of risk management wrt interest rates when SV Bank collapsed.
Nvidia has so much capital at its command that it has become an investment bank. Great. But is that nvidia's core competency, or is it designing chips? Well perhaps this is why they overthrew the guy who kept doubling down on the same bet and installed a finance person.
Not looking forward to a govt bailout a la 2008.
Moore's Law has been repealed. Transistor density no longer doubles for the same cost every two years. EUV has increased transistor density, but it has also increased the cost of finished wafers.