Ross: NVIDIA will retain 50%+ revenue share with 10% chip volume
Jonathan Ross · Groq Founder, Jonathan Ross: OpenAI & Anthropic Will Build Their Own Chips & Will NVIDIA Hit $10TRN · 20VC with Harry Stebbings · Sep 29, 2025 · at 1:13:52
Jonathan Ross is the Founder & CEO of Groq, an AI chip startup. He discusses market dynamics and how NVIDIA's brand pricing power will allow it to retain revenue dominance despite losing unit volume.
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“My prediction is that in five years, NVIDIA will still have over 50% of the revenue. However, they will have a minority of the chips sold. They might have, you know, minority share. They might have 51% of the revenue, and they might have 10% of the chips sold.”
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More from Jonathan Ross
Ross: Nvidia will be worth $10 trillion in five years
“I personally would be surprised if in five years NVIDIA wasn't worth 10 trillion, but I can't predict the outcome.”
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“Right now, people are making more money than they're spending. It's just very lumpy. As an aggregate. Plenty of people are gonna lose their shirts, but overall, less money is gonna go in than is gonna come out.”
Ross: NVIDIA will produce ~5.5M GPUs this year despite 50M die capacity
“If Nvidia wanted to, they could build fifty million of those GPU die, Per year. But they're going to build about 5.5 million GPUs this year.”
Ross: Chinese AI models cost 10x more to run than US open-source
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