Brad Gerstner

This year, NVIDIA will do 10x that at roughly $210, $230 billion, and AMD will do $33 billion.

Not much more than they were doing when the companies were tied in 2022.

So NVIDIA has captured nearly 100% of the incremental AI data center revenues over the course of the last two and a half years.

And I think there's this notion that somehow NVIDIA just popped out this special AI chip.

But I think if you listen to Jensen, understand, study the company, it's because they have this ecosystem of software, networking, extreme co-design, the unit of compute is no longer the chip, right?

It's the entire data center, which is composed of five to 10 different chips.

Performance per watt, right?

Power being the constrained resource here is everything.

And NVIDIA has just crushed the competition.

So now put yourself in the shoes of Lisa.

Right.

And she's clearly not on the wave.

This tsunami has come.

Jensen's riding it.

He's capturing 100 percent of the wave and she's not even yet on the wave.

Her MI350 was just not competitive.

And so they have one shot.

Either the MI450 gets adopted and they get back into the game.

Right.

Or they're out.