Brad Gerstner

But a long way from the hundred gigawatts you were hearing, you know, bantered about on CNBC this week.

I mean, David, I think your point is a great one.

Everybody's looking for the bubble, right?

We've got this pattern recognition.

Everybody's like, it's dark fiber.

It's got to be dark fiber.

There's no way that you can 10x your revenues at Nvidia without it being a bubble.

But the reality today is Nvidia trades at a lower price to earnings multiple than it did when it was $200 a share.

Think about what the term dark fiber means.

We were laying fiber in the ground that remained dark.

We did not have the demand for the fiber.

There is not a dark GPU in the world today.

There's not going to be a dark GPU in the world next year.

Well, I mean, listen, I think at first, I go back to the point you made.

We're at this critical juncture in a global AI race, and we should all be celebrating the fact that there is this level of investment going on in the United States.

This is the definition of creative destruction.

It won't all work, but the risk capital, the entrepreneurial boldness of Sam and NVIDIA and Lisa, this is what's going to keep us ahead in the global AI race.

None of this would be happening if Washington had not unlocked

power.

Jensen said this on our podcast last week.