Gurley explains single NVIDIA nodes sell at or below cost because large systems unlock capabilities impossible with single nodes.
“And this starts to get at that because you can do things with the large systems that you just can't do with a single node.”
Gurley explains NVIDIA's networking, NVLink, and CUDA advantages emerge specifically in the largest system deployments.
“That's when the networking piece thrives. That's where NVLink thrives. That's where CUDA really comes alive in the biggest systems that are out there.”
Gurley argues NVIDIA's competitive advantage is strongest in the largest system deployments, not at the edge.
“NVIDIA's competitive advantage is strongest where the size of the system is largest, which is another way of saying what Renee said.”