John Foley

So for every dollar of chips it sells, it keeps 75%.

cents after paying for like the ingredients as it were that's really high that's like luxury goods on steroids so it makes sense that other people try and come in and take some of that and that's exactly what google is doing right google and google and amazon that they want to make money while they're investing in all this ai and selling chips is quite a good way of doing it

So the thing is, NVIDIA is still the go-to.

Everyone understands that it works.

It has its own kind of software platform that makes it easy to use.

It's just that I think people are trying to get capacity where they can.

And also, I would imagine if you're open AI, you don't want to be totally dependent on NVIDIA because you're thinking about your own bargaining power.

And if you have alternatives, you can then go back to NVIDIA and say, oh, we might use these Cerebrus chips in our next model.

Totally.

ASML is the other example of that in chips.

It's that Dutch company that makes the machines that make the chips.

And it's the only one that does.

So it's kind of a monopoly and no one's coming close to getting rid of it.

NVIDIA doesn't have quite that kind of moat.

I'm going to go short High Rocks.

I don't know what that is.

So High Rocks is like a sort of sport race thing that kind of is a bit like CrossFit, where you have to run around and throw things and push things.

And it's become incredibly popular among Type A personalities and is now trying to get into the Olympics.

And there's a big race coming up in New York at the end of this month.

Are you a Type A personality, John?