Imagine if Levis Strauss back in the gold rush days was the mysterious whale that bought most of the gold.
Could Satoshi Nakamoto be Jensen Huang?
I’m just posting silly tinfoil hat theories bit this is interesting…
It almost turns them into VC firm more than market manipulators, imo
This image is really funny.
I think your Levi’s analogy is underselling it. I don’t know what % of gold income went to buying pants but I doubt it’s as high as an AI startups GPU costs. It’s really interesting that NVidia could be getting a huge chunk of this investment money back as revenue. This investment plan would probably be profitable just from driving up valuations and getting other investor’s money as sales revenue even if their equity positions go to zero.
Really though, they probably invest by giving GPUs or future-looking GPU commitments at-cost so they get equity at a discount equal to whatever margin they have in their chips.
They make the gold, not the tool. Ounce for ounce, a wafer of top end NVIDIA chips is the most valuable substance on earth.
I think that would still be Californium. Even if NVIDIA could fit 300 H100 on a 300mm wafer at $40,000 a GPU a wafer would be worth $12,000,000 which would be in the same ballpark as a single gram of Californium.
Technically anti-matter would cost orders of magnitude more but there's no demand for it so it's not really valuable, whereas Californium is tightly rationed for scientific research. </silly-nitpick>
Win win?