Gerstner warns that 30-40% of compute is delayed this year, which could slow the entire AI trade if delays persist.
“And you heard the rumors and seen the headlines that 30 or 40% of compute now is delayed this year. So keep your eye on power and compute.”
Gerstner compares the next three years of AI investment to building the interstate highway system, all privately funded.
“I think for the next three years, this is like building the interstate highway system. Right? This is significant. It's important to The United States Of America, by the way.”
Gerstner says $250 billion on NVIDIA implies $500 billion total AI CapEx spending.
“one of the things that keeps investors like me up in the nights is a 250,000,000,000 being spent on NVIDIA on on the semi side of things.”
Gerstner highlights US fission reactors cost four to five times more and none are being built.
“Why does it cost us four to five times to build a fission reactor in this country? Why are we building no nuclear reactors in this country?”
Gerstner says AI customers must place orders five years in advance and secure power and data centers.
“they have to place orders five years in advance for these products. They have to go find power. They have to find data centers”