software
5 statements across 4 episodes · 2 bullish · 1 bearish · 3 people on the record · first statement Oct 16, 2023 by Jensen Huang · across every show →
Everything said about software, oldest first
Oct 16, 2023 bullish
Apr 22, 2024 positive
Microsoft's Altair BASIC was the first commercial software product ever sold
“This is the first time software has ever been sold. Other than the IBM accounting machinations to protect themselves from antitrust, which was just accounting, nobody had ever sold software before. This is the first time.”
Jan 21, 2025 neutral
Jan 21, 2025 negative
Software lacks the immense moat defensibility of heavy semiconductor manufacturing CapEx
“Even better in the notion that gross margins of software can be 80 to 90%, not 50%, but I would back that down because it doesn't have the sort of moat defensibility characteristics that being able to plow your Capex into manufacturing capability does.”
Apr 21, 2025
Government subsidies reward reliable enterprise software vendors over innovative ones
“It also is interesting because it basically rewards the most reliable software, not necessarily the most innovative software. You end up not taking any risk in situations like this because you're not going to get rewarded unless you actually stand the system u…”