The people selling the shovels made more money than the miners during the gold rush. It’s the same thing here. If you want to do AI at any sort of scale, Nvidia is really your only choice because AMD and Intel sat on their hands for so long.
That’s the trick, people will always want shovels. Even after the gold rush ends, the only difference is demand for shovels goes back to normal, it doesn’t disappear.
How is Nvidia so high up the chart?
The people selling the shovels made more money than the miners during the gold rush. It’s the same thing here. If you want to do AI at any sort of scale, Nvidia is really your only choice because AMD and Intel sat on their hands for so long.
All the profit, zero risk. Selling shovels is always better.
Except when no one wants shovels anymore.
That’s the trick, people will always want shovels. Even after the gold rush ends, the only difference is demand for shovels goes back to normal, it doesn’t disappear.