memory

“I just think given that this is, the axis around which kind of everything is revolving, man, like, might blow up your entire business and your franchise by breaking an LTA.”

“I would be going to the buyers of GPUs, Traniums, and whoever and say, I'll participate in the NVIDIA credit wrapper. Now their business is just inherently less stable and predictable,”

“It's the single most important thing you could do to increase token output per unit of compute, and then that obviously, definitionally, actually lowers costs,”

“Well, if they're breaking their LTAs, it probably means, you know, your oversupply, prices are coming down, and then, you know, capacity naturally contracts. Well, what do you think is gonna happen to Google's allocations?”

“I'm just making this up. But, like, do something. Like, you can because you have money now and credit markets are revolting.”

“The disaggregation of inference means that I think these GPUs are going to have ten or fifteen year lives.”

“I would say based on every memory cycle we have had for the last twenty five years, this is the time to be selling memory 100%.”

“And if they doubled or tripled capacity, like, NVIDIA could probably sell $11,520,000,000,000 worth of chips next year. I really believe that. But the other side of that might be very painful for everyone.”

“If the price of DRAM, if like a DRAM wafer is valued at like a five carat diamond.”

“High bandwidth memory is a bigger part of NVIDIA's cogs on GPUs than Taiwan Semi is. And today, there's two companies that can make it, Hynix and Micron.”