Palihapitiya previously predicted Nvidia's profits would dilute due to competition, but later praised the company for its exceptionally high margins and massive profitability.
THEN · May 26, 2023
0:00 / 0:16exact quote · 16.9s
NOW · Mar 27, 2026
0:00 / 0:13exact quote · 13.4s
“In the end, Nvidia's gains today will be then spread across Nvidia. Facebook will have their own chip. Amazon will have their own chip. Google already does. Apple will have their own chip. All the memory companies will be in this space, right? So then the profits get smeared, their multiples compress.”
“except Nvidia. Which is the most unbelievably accretive, well-run company, highest margins, you know, making two hundred billion dollars. And they're treating it like they're treating ServiceNow and Snowflake.”