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.
why aren't all 138 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 2 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Gardizy: Non-NVIDIA Chips Often Need Financial Backstops for Data Center Entry
“And in the instances that I'm seeing where there are non Nvidia chips, it's because of some sort of financial backstop. So I do wonder how much how long that will have to keep being the case, because that will definitely hinder non Nvidia chips if they need Sp…”
Brockman: Nvidia H100 prices are up despite being previous-gen hardware
“You can see that with some of the prices that people are paying for each 100, right? Hoppers are, you know, kind of, you know, not, not obsolete, right? But they're a previous gen chip and nor in any normal situation, we're not totally supply constrained. No o…”
ServiceNow and NVIDIA publish enterprise benchmarks for frontier model labs to train on
“One of the things we haven't talked about is we work together to actually publish benchmarks that the frontier models then use to train on to make those use cases that we jointly care about that are really focused on enterprise use cases better for our enterpr…”
NVIDIA sees the best agent orchestration results using Claude Opus and GPT
“We've seen some of the best results with using either Opus from Anthropic or GPT for OpenAI for the orchestrator.”
Kantrowitz: Jensen Huang Became Defensive in Dwarkesh Patel Interview
“I think Jensen became very defensive in this conversation with Dwarkesh, which is why it led to this sort of heated back and forth”
Kantrowitz: Gemini and Claude were trained on TPUs and Trainium, not NVIDIA
“If you look at the TPU, which is the accelerator that Google has been, has put out and Tranium, which is Amazon's version of it you know, two of the top three models in the world, Claude and Gemini were trained on it”
Kantrowitz: Jensen Huang Can Become the Steve Jobs of AI
“He has a chance to be sort of the Steve Jobs of AI, and maybe he's already there, but you know, he can be the visionary that explains and makes the, like we were saying last week, someone's got to make a case for this technology and do it well, because the pol…”
Huang says Nvidia's investment in OpenAI might be its last
“Jensen Wong said the thirty billion dollars that he and NVIDIA invested in OpenAI might be the last. Why? Is it because he doesn't trust Sam Altman, or is it because, you know, he doesn't believe in the technology? No. He says the reason for that is because th…”
Levie: OpenAI faces no fundraising pressure from cap table dynamics
“I just don't think that open AI has a challenge raising money. So I don't know that. I don't know that there's sort of some kind of pressure that can be exerted on them from the cap table side.”
Roy: Nvidia's Valuation Will Take a Hit If OpenAI Flops
“He does need open AI to succeed. He does like Nvidia at the current valuation and story needs all these like AI to just be an unquestioned success and open AI. If it completely flops, even if a lot of that value accrues to a Google or Microsoft, I really think…”
Siegler: Nvidia is the only real winner in Big Tech AI
“And so, you know, at the end of the day, the only real winner, as you can see by the way that the, where they are in the market is Nvidia.”
Siegler: Nvidia CEO Jensen Huang is the modern Steve Jobs
“The person who I think is most analogous to jobs in the current sort of day and age is Jensen Wang, which, you know, obviously is as you're talking about is, is more hardware and video is more hardware focused than software.”
Albergotti: NVIDIA Will Lose Market Share but Continue Overall Growth
“I think it's for sure going to lose market share, but I think the pie is growing so fast that there's just no way, there's no way they stop growing.”
Cramer expects Nvidia's Vera Rubin architecture to be amazing
“I'm sticking with NVIDIA because I have great belief that GTC and Vera Rubin is going to be amazing. It's going to reason.”
Guthrie claims Microsoft is likely Nvidia's largest customer in the world
“NVIDIA is a fantastic partner of ours. We're probably one of, if not the biggest customer in the world of theirs. And we partner super deeply with Jensen and his team.”
ChatGPT will stay on Azure despite OpenAI's external infrastructure partnerships
“Is ChatGPT, by the way, going to stay on Azure, even though OpenAI is making these partnerships with NVIDIA and Oracle?
[2466] Scott Guthrie: Yes.”
Roy: AI slowdown would trigger tech unwind, not systemic financial crisis
“I don't think so. Mainly because exactly as you said a moment ago, it's still a concentrated group of companies that have benefited so far. So the actual unwind would still be within those companies. There's already been plenty of companies that have been, you…”
Kantrowitz notes Nvidia CEO says AI inference needs 100x more compute
“And I mean, we have Jensen Wang, the CEO of Nvidia saying inference is going to take a hundred times more compute than traditional LLM inference.”
Kantrowitz: Many NVIDIA chips sold into Singapore end up in China
“Nvidia, which sells a lot of chips into Singapore, and I think we can say with a good deal of certainty, many of those end up in China, is not happy about this.”
Parker: Apple is more impaired by tariffs than Nvidia
“I think Apple is more impaired than some of the other business models are. I certainly think it's more impaired than Nvidia.”
Lebaredian: Humanoid robots will take off first in industrial sectors
“We believe that the first place we're going to see general purpose robots like the humanoid robots really take off is in the industrial sector because of two things.
One, the demand is great there because we have the shortage of workers.
and also because
…”
Lebaredian: NVIDIA Cosmos Is a Different Class of AI From Video Generators
“What we're doing with cosmos it's, It is really a different class of AI than video generators. You can use it to generate videos, but the purpose is different. It's not about generating beautiful imagery or interesting imagery as for art. This is about simulat…”
Lebaredian: NVIDIA achieved a million-fold AI compute gain over 10 years
“Over the last 10 years, we've had essentially a million x performance increase.”
Garman: Past AI Accelerators Failed Due to Weak Software Versus NVIDIA
“I think that's one of the things where people who've tried to build Accelerated platforms before have fallen down is the software support has not been as good as Nvidia software support is fantastic.”
Ives: Asian supply checks show 15-to-1 demand for NVIDIA Blackwell
“In Asia, we just, it was 15 to one demand to supply. Four months ago, it was 12 to one.”
Josh Brown: Nvidia stated Blackwell chips are sold out for 12 months
“They just told us they sold out of Blackwell chips for 12 months.”
Microsoft Will Invest The Least Among OpenAI Funding Round Participants
“I expect Microsoft to be, of those four, the company that puts the least amount of money in, if all four go in.”
Shapiro: Every Mercedes will be built on NVIDIA DRIVE platform
“So every Mercedes will be built on NVIDIA drive with the software that we've developed and rolled out by NVIDIA. So it starts with that C-class vehicle, and then we'll go through their entire line over time.”
Batnick: No trillion-dollar company has ever grown as fast as Nvidia
“There has never been a company of this size growing this quickly.”
Batnick: Nvidia will never match Apple's portfolio ubiquity as a brand
“No, no, it can't. I think the reason why Apple became so ubiquitous in portfolios across America is because the brand, the products became so ubiquitous across America. I don't know what the average American has in their house in terms of the iPhone, maybe an …”
Kantrowitz: Nvidia's biggest risk is AI slowing down, not competitors
“My perspective on this really is that the competition is, is really the AI boom slowing down more than it is any other company that's going to come in and take their lunch.”
Catanzaro: NVIDIA Hopper GPUs feature superior circuits designed by internal AI
“Our hopper GPUs, for example, have a lot of circuits in them that were designed by AI that we built ourselves that have better speed and power and cost characteristics than we knew how to build with any other tool.”
Catanzaro: About 40% of NVIDIA data center GPUs go to inference
“Jensen said in the earnings call this week that somewhere around 40% of our data center GPUs were going for inference, which I think is you know, pretty amazing and definitely a shift from where things have been a few years ago.”
Pineau: Meta is actively exploring building custom silicon chips for AI
“We will definitely be exploring some of that. Yes. Yes. I mean, we built a lot of hardware for reality labs. We have some specific needs and, you know, as much as we, you know, look at that for the AR VR devices, there's also a great group doing some of that i…”
Gelsinger: Intel's AI business is approximately doubling growth rate quarter-over-quarter
“We're now seeing our growth rate and quarter to quarter, we approximately doubled the growth rate, you know, but we're still small market share, you know, today, but we're rising quickly because customers are looking for alternatives, you know, today because t…”
Cahn: Nvidia has avoided aggressive price hikes despite high market leverage
“Nvidia stocks barely moved this year, even though these high-flying beta companies are going crazy because they're raising price. Jensen isn't being insane on price. He probably could have been. He hasn't been crazy on price.”
Kantrowitz: Nvidia Now Exchanges GPU Hardware Directly for Equity in Startups
“They have this new approach with startups where they're like, all right, if you want GPUs, we'll take a chunk of your company and we'll deliver the hardware.”
Gardizy: Major NVIDIA customers are actively working to adopt alternative chips
“Every single company that buys NVIDIA chips and is spending a lot of money on NVIDIA chips is trying really hard to make these other, other chips work, whether it's in-house chips from Google or Amazon or even in OpenAI's case and potentially Anthropik's case.”
Kantrowitz: Nvidia Has Reached a $5 Trillion Market Cap
“NVIDIA, which is powering all this, is at a five trillion dollar market cap.”
NVIDIA's deep research agent blueprint uses at least seven specialized agents
“That deep research blueprint or agent is actually made up of no less than seven agents”
NVIDIA's El Hallak: AI agents require multi-model architectures, not single models
“Agents are not a single model, right? We fundamentally believe that agents are made up of a, of an array of different models. Some proprietary models, some open source models that have been customized or post-trained, as they say, right? And so that's ultimate…”
NVIDIA's El Hallak: Future enterprise systems will govern humans, agents, and robots
“I think in a couple years time, we'll be sitting here talking about how AICT governs, helps govern humans, agents, and robots.”
Yen: Nvidia backs open AI models primarily to sell more GPUs
“Nvidia sells GPUs. They don't sell proprietary models. And if they have great open models that everybody can use, then everybody is going to buy GPUs.”
Alex Kantrowitz: Jensen Huang successfully projects a relatable everyman persona despite wealth
“He comes off in a way, even though he's one of the richest men on the planet, kind of as an everyman. He doesn't have these. He's clearly, he has an ego. I mean, you're running a company like that. You have an ego, but he's humble.”
Levie: Nvidia relies on chip supply, not equity, to influence OpenAI
“They don't need to own a percentage of open AI. Like that's like, they need to sell chips to open AI. And so really they just need to ensure that they've got a very strong, you know, relationship that is, is sort of very sturdy and supporting the broad tailwin…”
Groq CFO Edwards: AI Hardware Industry Remains Strictly Supply-Constrained
“I think we're still seeing the industry as supply constrained. And so it's not a case of NVIDIA or Grok or pick your chip manufacturer, but how do all of us deploy as much capacity as needed in order to serve all of these use cases?”
AI datacenters will undergo a massive shift to liquid cooling by 2027
“Well, I think one of the biggest changes that's happening right now from a data center perspective, and you're seeing this with the latest NVIDIA GPUs, and I think you're going to see this in a more profound way over the next two years is the shift from air-co…”