Gerstner argues memory and context matter more than raw intelligence for AI assistants.
“Or would you like to have an assistant that's just above average intelligence, knows everything about you, and they can use the Internet?”
Gerstner notes memory companies trade at 5x fully taxed earnings and Samsung will profit more than Google this year.
“They're they're trading at five x fully taxed earnings. Samsung's gonna do more in profits this year than Google.”
Gerstner says memory trades at 5x earnings and NVIDIA at 13-14x fully taxed GAAP earnings.
“Think about memory as an industry is only trading at five times earning. In the case of NVIDIA, trading at 13 or 14, fully taxed gap earnings.”