Bill Gurley · Prof G Markets · 27 March 2026

“People wanna understand why the Nvidia multiple won't go higher. I think it's the circular deals. Like if they're not material, don't do them.”

Listen at the timestamp · See it in context

Verbatim excerpt with a timestamp. The full recording is at the source; we link out and do not host it. Everything Bill Gurley is on record saying.