Jensen Huang

You go to Snowflakes, mostly CPUs.

SQL processing at Oracle, mostly CPUs.

Everybody's using CPUs to do SQL, structured data.

In the future, that's all going to move to AI data.

That is one gigantic, massive market that we're going to move to.

But everything that NVIDIA does requires acceleration layers and requires domain-specific data processing libraries.

Recipes.

Recipes.

We've got to go build that.

But that's coming.

10 gigawatts is like $400 billion, right?

Yeah.

Something like that.

And that $400 billion will have to be largely funded by their offtake, their revenues, which is growing exponentially.

It has to be funded by their capital, the money they've raised through equity, and whatever debt they can raise.

Those are the three vehicles.

And the equity that they could raise and the debt that they could raise has something to do with the confidence of the revenues that they could sustain.

For sure.

And so smart investors and smart lenders will consider all of these factors.

Fundamentally, that's what they're going to do.