The Minutes of Brad Gerstner on capex https://minutesof.com/brad-gerstner/on/capex/ Everything Brad Gerstner has said on capex: 13 verbatim quotes between October 2023 and August 2026, each with a timestamp and a link to the recording it… en Sun, 30 Aug 2026 16:21:49 +0000 Gerstner says 80% of Altimeter's capital is in memory, logic, and compute companies like Nvidia, SK Hynix, and https://minutesof.com/q/0a13c4a1-fadd-4bf8-9861-e3eecd9424c7/ https://minutesof.com/q/0a13c4a1-fadd-4bf8-9861-e3eecd9424c7/ “80% of our capital has been in memory and logic and compute, you know, companies like Nvidia, companies like SK Hynix, companies like CoreWeave, etcetera. And so that's consumed a lot of capital.” — CNBC Television Mon, 04 May 2026 19:16:21 +0000 capex And if they're doing that and you spread the CapEx out, so we talked about 1,400,000,000,000, half of that's g https://minutesof.com/q/62a700d7-3c7b-4795-91fd-596303f72565/ https://minutesof.com/q/62a700d7-3c7b-4795-91fd-596303f72565/ “And if they're doing that and you spread the CapEx out, so we talked about 1,400,000,000,000, half of that's gonna be borne by their partners.” — CNBC Television Fri, 07 Nov 2025 17:51:39 +0000 capex Gerstner argues $100-200B annual capex is responsible if OpenAI hits $100-200B revenue in 2028-29. https://minutesof.com/q/2040160c-48c9-44cd-91a1-2e262a1544e9/ https://minutesof.com/q/2040160c-48c9-44cd-91a1-2e262a1544e9/ “Now if they're doing a 100 to 200,000,000,000 in revenue in 2829, then now we're in the zone of responsible.” — CNBC Television Fri, 07 Nov 2025 17:51:39 +0000 capex Gerstner contrasts OpenAI's $13 billion revenue with its $1.4 trillion compute commitment over four to five ye https://minutesof.com/q/1a8f6d20-9f02-4359-896d-f54abf9f4e5e/ https://minutesof.com/q/1a8f6d20-9f02-4359-896d-f54abf9f4e5e/ “OpenAI's revenues are still a reported $13,000,000,000 in 2025. And Sam, on your live stream this week, you talked about this massive commitment to compute, right? 1,400,000,000,000 over the next four or five years” — BG2 Pod Fri, 31 Oct 2025 23:11:44 +0000 capex Tech companies are investing over the course of the next four or five years, it's about 10 times the size of t https://minutesof.com/q/01ffca9f-8e11-4998-80d2-adc9447c7130/ https://minutesof.com/q/01ffca9f-8e11-4998-80d2-adc9447c7130/ “Tech companies are investing over the course of the next four or five years, it's about 10 times the size of the Manhattan Project on an inflation adjusted or GDP adjusted basis.” — BG2 Pod Fri, 31 Oct 2025 23:11:44 +0000 capex Gerstner notes Jensen raised compute buildout forecast from $2 trillion to $3-4 trillion through decade end. https://minutesof.com/q/58f9ff51-18ce-48d6-97b3-28e16f14ea80/ https://minutesof.com/q/58f9ff51-18ce-48d6-97b3-28e16f14ea80/ “Jensen said, you know, when he was on our pod last year, he said, we think the build out between now and the end of the decade's $2,000,000,000,000 of total compute.” — CNBC Television Thu, 28 Aug 2025 17:12:24 +0000 capex Gerstner says TSMC pledged $100 billion more, contributing to $1.5 trillion in total U.S. reinvestment commitm https://minutesof.com/q/e5ca5eb9-cc98-492b-8356-ed620a8c3c70/ https://minutesof.com/q/e5ca5eb9-cc98-492b-8356-ed620a8c3c70/ “I mean, the list of companies, I think we're up to a trillion, a trillion and $0.5 of reinvestment.” — CNBC Television Wed, 12 Mar 2025 13:00:04 +0000 capex Gerstner says Jensen confirmed a trillion dollars of data center CPU replacement workloads over four years bey https://minutesof.com/q/857cfae0-7c82-485a-b86b-ff7f2b2886b5/ https://minutesof.com/q/857cfae0-7c82-485a-b86b-ff7f2b2886b5/ “he said, but we're also going to have a trillion dollars of CPU replacement, of data center replacement workloads over the course of the next four years.” — BG2 Pod Mon, 23 Dec 2024 20:12:56 +0000 capex Gerstner argues GPU capex sustainability depends on hyperscalers generating commensurate inference revenues, c https://minutesof.com/q/1f05e933-62cf-41bc-8ccd-b022653c4c8b/ https://minutesof.com/q/1f05e933-62cf-41bc-8ccd-b022653c4c8b/ “It all comes down ultimately to the revenues that are generated by the people who are making the purchases of the GPUs. Right?” — BG2 Pod Mon, 23 Dec 2024 20:12:56 +0000 capex Gerstner posits 30% annual infrastructure expense growth requires matching inference revenue growth from enter https://minutesof.com/q/6de51955-08c4-41cb-b6a1-1ee2e37ef67e/ https://minutesof.com/q/6de51955-08c4-41cb-b6a1-1ee2e37ef67e/ “if you think that infrastructure expenses are going to grow at 30% a year, then I think you have to believe that the underlying inference revenues, right, both on the consumer side and the enterprise side are gonna grow somewhere in that range as well.” — BG2 Pod Mon, 23 Dec 2024 20:12:56 +0000 capex Gerstner quotes Jensen predicting data center infrastructure will double from $1T to $2T in four to five years https://minutesof.com/q/e1a04006-788c-440c-96ca-495cf037020f/ https://minutesof.com/q/e1a04006-788c-440c-96ca-495cf037020f/ “And over the course of the next four to five years, we'll have 2,000,000,000,000 of data centers powering software around the world and it will all be accelerated compute.” — BG2 Pod Thu, 22 Feb 2024 12:20:31 +0000 capex Gerstner predicts 2024 will see more compute deployed than all previous years combined for AI. https://minutesof.com/q/d8e7bd22-8bfa-4a59-976b-04a457353f4b/ https://minutesof.com/q/d8e7bd22-8bfa-4a59-976b-04a457353f4b/ “We're gonna launch more. We're gonna deploy more compute in 2024 than in all previous years combined.” — Joe Lonsdale Wed, 25 Oct 2023 18:32:55 +0000 capex