Patel: If Taiwan Geopolitical Risk Scares You from TSMC, Avoid Apple Too
Dylan Patel · Inside the Trillion-Dollar AI Buildout | Dylan Patel Interview · Invest Like The Best · Sep 30, 2025 · at 1:39:15
Dylan Patel explains that the entire US tech sector—including Apple, Microsoft, and Amazon—is just as vulnerable to a Taiwanese blockade or invasion as TSMC.
0:00 / 0:06exact quote · 6.7s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“I know a lot of people's PMs are like, oh, you can't invest in TSMC because geopolitical risk, and it's like, no, dude, you can't invest in fucking Apple.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Dylan Patel
Patel: Companies will lay off staff as Claude Code multiplies productivity
“I think other folks will start to reckon with the fact that, huh, If this person can do the work of five to 10 to 15 people using quad code, then all of a sudden I should probably cut people.”
Patel: Anthropic's ARR has surged to between $35B and $40B
“Anthropic has gone from nine billion revenue to what they're at, 35, forty billion. Now probably by the time this airs, 40, forty-five billion. Who knows? ARR.”
Patel: Anthropic gross margins have a floor of 72%
“So ultimately what they've done, even if you assume all incremental compute they've gotten has gone towards inference, their margins are at a floor of 72%. In reality, some of that incremental compute they've got probably went to research and development and m…”
Patel: Low-value SaaS startups will soon get priced out of tokens
“But the shitty SaaS startup and SF who is using Claude to generate, you know, their software product is not necessarily actually creating a ton of value, and therefore they're gonna get priced out of tokens soon enough.”
Patel: GPU useful life is reaching 7 to 8 years, not under 5
“There's people who have argued GPUs full lives are less than five years. Complete nonsense. There are clusters now re-signing three or four year old hopper clusters re-signing for three or four more years. There's a 100 clusters that are re-signing for another…”
Patel: DRAM prices will double or triple from current levels
“DRAM will double or triple from here still, because That's how much capacity is required, and they have to steal capacity from somewhere else, and the only way to steal capacity from somewhere else in a capitalist economy is demand destruction via higher prici…”