Patel: Cisco was fueled by speculative debt whereas NVIDIA is cash-backed
Dylan Patel · AI Semiconductor Landscape feat. Dylan Patel | BG2 w/ Bill Gurley & Brad Gerstner · Bg2 Pod · Dec 23, 2024 · at 42:35
Dylan Patel (SemiAnalysis) explains the difference between Cisco's dot-com bubble revenue and NVIDIA's current revenue drivers.
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“Cisco's revenue, a lot of it was funded through private-slash-credit investments into building out telecom infrastructure, right? When we look at NVIDIA's revenue sources, very little of it is private-slash-credit, right? And in some cases, yes, it's private-slash-credit like CoreWeave, right? But CoreWeave is just backstopped by Microsoft.”
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