Pitting Nvidia against cloud players - Nvidia wants frequent chip upgrades while cloud players want longer chip lifespan for accounting purposes
John
Daniel Newman
Both Nvidia and cloud players have valid perspectives - Nvidia promotes efficiency gains while cloud players face CapEx and depreciation considerations
Questions whether companies like CoreWeave have until end of decade, noting hyperscalers have internal workloads but spec builders are exposed to overbuilding risks
John
Daniel Newman
Supply chain indicators show continued strong demand across all components, with AMD's CEO confident about market growth and margin expansion
Questions whether gradual demand slowdown rather than abrupt stop would impact valuations, noting valuations aren't binary on/off switches
John
Daniel Newman
Expresses nervousness about CoreWeave due to 6-year depreciation model and GPU collateralization, with risk increasing when hyperscalers no longer need immediate capacity