Brad Gerstner

And so I don't think this is the hill that they want to die on.

J. Cal, I'd love to hear your thoughts on what's going on with these deportations.

Yeah.

And maybe before we get into round tripping and circular revenues, which I do want to hit, I think it's super important that we talk about that.

Let's just break down the deal a little bit because there's a lot going on.

And I think it's important we put context around it.

So first, this is a bet the farm bet by Lisa Sue.

right?

She's given away 10% of the company if the compute gets deployed.

She said a couple of weeks ago, we're in year two of 10 of a compute build out across the country.

So I have a couple of charts here.

Why would she make a bet the farm bet, Jason, right?

That's an important question.

Remember, NVIDIA just did a huge deal with OpenAI.

They didn't give away any of their company.

In fact, they got the right to buy part of OpenAI.

So look at this chart.

This is pretty wild.

Just in 2022,

In 2022, two and a half years ago, Nvidia and AMD had basically the same revenue, $25 billion.