Brad Gerstner

the advantage that Colossus had.

They're building full stack.

That is a hyperscaler.

Because if they don't use the capacity, they could sell it to somebody else.

And the same way Stargate, they're building monstrous capacity.

They think they'll need to use most of it, but it puts them in a position to sell it to somebody else as well.

It sounds very much like AWS or GCP or Azure.

That's what you're saying.

So one of the things I find mysterious, right?

You know, you just mentioned Oracle 300 billion, Colossus, what they're building.

We know what the sovereigns are building.

We know what the hyperscalers are building.

You know, Sam's talking in terms of trillions.

But of the 25 sell-side analysts on Wall Street who cover your stock, if I look at the consensus estimate, it basically has your growth flatlining starting in 2027.

8% growth 2027 through 2030.

Okay?

That is the 25 people in their only job, they get paid to forecast the growth rate for NVIDIA.

So clearly— We're comfortable with that, by the way.

Right, no, I understand that.

But there is this interesting disconnect, right?