The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Calacanis: Nvidia will decline or severely downgrade investment in OpenAI
“I think NVIDIA is not going to take their option to invest in open AI, or they're going to really downgrade at 70, 80%, and they're going to allocate it to other players.”
Sacks: Anthropic Lobbied to Restrict Nvidia's International Chip Sales
“Anthropic has really been behind a lot of the political activity to restrict Nvidia's sales internationally.”
Sacks: China is blocking Nvidia chips to subsidize and elevate Huawei
“I think Bloomberg and Reuters reported that they actually are not allowing Nvidia chips into their country, and the reason for that, we think, is that they want to indigenize chip production. They want to stand up Huawei as their national champion, and effecti…”
Palihapitiya: 47% of Nvidia's revenue comes from China and related regions
“About 47% of all of Nvidia's revenue goes to China and Chinese-related Countries.”
Hoffman predicts the bulk of AI chip demand will be for inference
“And I think there's gonna be a bunch of those kind of coming in, and the bulk of the demand will be on the inference side”
Sacks: Nvidia's valuation is grounded in profits, unlike Cisco in 2000
“One is that if you look at Nvidia's multiples, they're nowhere near where Cisco's were back then. So the market in 1999 and early 2000 was way more bubbly than it is now. So Nvidia's valuation is much more grounded in real revenue, real margins, real profit.”
Chamath: Competition will eventually decay Nvidia's profit margins
“I think that that probably decays the Nvidia margin and upside over time.”
Brad Gerstner predicts Nvidia will beat earnings expectations through late 2023
“I don't think there's any problems with Nvidia. I think they're going to continue to perform. I think they're beat their numbers for the balance of the year.”
Palihapitiya predicts major non-Nvidia AI hardware announcements within two quarters
“So my bet is in the next two quarters, you start to see some real action so that folks start to have to balance their forecasts, where it's not just a hundred percent NVIDIA, but it's NVIDIA plus plus plus.”
Calacanis: Nvidia partnering with Goldman and BlackRock for $500B financing
“NVIDIA is partnering with Goldman, BlackRock, and others to raise five hundred billion in AI compute.”
Huang: AWS will purchase 1 million Nvidia chips in coming years
“In the case of AWS, I think they just announced, I think it was yesterday, that they're gonna buy a million chips in the next couple years.”
Chamath: OpenAI is diversifying inference hardware across AMD, Nvidia, and Cerebras
“What I can tell you is that OpenAI is aggressively trying to diversify so that they have multiple paths Of inference available. They have a huge deal with AMD. They have a huge deal with Nvidia. They now have a huge deal with Cerebris.”
Chamath: Nvidia reports revenue based on billing address, not physical delivery
“They report revenue on what's called the billing or the invoicing address.”
Palihapitiya: Nvidia stock will trend upward for next 18 to 24 months
“Is it not going to go up in the next 18 to 24 months? Probably is for exactly the reason you said. It is super set up to have a very good meet and beat guidance for the street, which they'll eat up and all of the algorithms that trade the press releases will d…”
Nvidia sets corporate record with $247 billion single-day market cap gain
“Shares were up 15% on Thursday, representing a nearly two hundred fifty billion dollar jump in market cap. So let's just let that sit in for a second. This is the largest single day gain in market cap. Two hundred forty seven billion dollars added in market ca…”
Gerstner: ByteDance announced a $1B Nvidia chip purchase in June 2023
“ByteDance bought a billion dollars worth of Nvidia chips announced this week, right?”
Sacks: Nvidia guided for 70% growth against 45% Street expectations
“Which is really, I think the reason why the stock is up eight percent today is not just the great quarter, but the fact that they guided To 70% growth next year, whereas the street was only expecting around 45%.”
Gerstner: Nvidia trades at lower P/E ratio than at $200 share price
“The reality today is NVIDIA trades at a lower price to earnings multiple than it did when it was 200 dollars a share.”
Haas: Nvidia is an Arm customer rather than a direct competitor
“NVIDIA is a customer of ours, so I'm not gonna say Jensen is my competitor today.”
Chamath: Nvidia SEC filings show 47% of revenue in China, Singapore, Taiwan
“When you look at the SEC filings for Nvidia and you add up all the revenue, it says that about 47% of the revenue goes to China, Singapore, Taiwan, I think it was.”
Chamath: Broadcom is a $1.12T business that receives little attention
“Is that it is the only trillion dollar company that nobody talks about. Everybody knows Nvidia. Everybody knows Amazon Meta, but Broadcom is a 1.12 trillion dollar business.”
Laffont: Nvidia's Jensen Huang is Silicon Valley's longest-tenured founder CEO
“And you get to back a founder like Jensen at NVIDIA, who many people don't know, but is the longest tenured founder CEO in Silicon Valley.”
Nvidia reports $22.1B Q4 revenue and 9x net income growth
“Q four revenue, 22.1 billion. That's up 22% quarter over quarter, up 265% year over year. The net income was 12.3 billion, nine X year over year.”
Friedberg: Nvidia is currently trading at 70 times next twelve months EBITDA
“When you look at the valuation of the business, they are currently trading at 70 times The next 12 months EBITDA.”
Chamath: 13Fs show hedge funds and family offices long Nvidia and AMD
“And it turns out if you look at their 13 Fs, they're all long NVIDIA and AMD.”
Friedberg: Nvidia created $4.2 trillion in market value over 36 months
“NVIDIA, four and a half trillion market cap, that's up from 300,000,000,036 months ago. So this is a company that in 36 months created 4.2 trillion dollars of market value.”
Calacanis: CoreWeave operates 32 data centers with 250,000 NVIDIA GPUs
“They've got 32 data centers with 250,000 NVIDIA GPUs.”
Friedberg: Broadcom grew 8x and Nvidia 20x while Intel dropped 70%
“Well, what's really interesting is that in the last five years, the market cap's grown by eight X, Nvidia's grown by 20 X, but, you know, Intel over the last five years is what, down 70%?”
Calacanis: Nvidia briefly surpassed Apple in market capitalization
“Actually today, NVIDIA passed Apple for a moment in time.”
Jason Calacanis: Nvidia Q2 net income rose 843% year-over-year to $6B
“Q two net income. Six billion dollars up 843% year over year.”