maturity of the CUDA environment, continued good engineering and execution, a world-class organization (probably the best hardware team in the world) with a bus

maturity of the CUDA environment, continued good engineering and execution, a world-class organization (probably the best hardware team in the world) with a business savant at the helm and a founder-mindset and a truly agile and flat team structure, etc what's the price for apple after introducing the iphone? visionary leader in charge of a company that just delivered a money-faucet technology that - while yes, competition will emerge - they will still inevitably end up owning a large and highly desirable stake of in the market? cuda is literally 15 years ago, and people are just realizing they have to actually start by catching up to that. The "NVIDIA is an AI company now" was like 2015, "mid-2010s", it was a realization jensen had during alexnet's rise, in the early/mid 2010s. It truly will take a long time to build that kind of ecosystem, Apple's support is great with Metal and it still is fairly well a potemkin village until there's more traction on apple gpu support. And a lot of competitors don't even have that, AMD is only finally just realizing this and Intel is also spending like crazy to build out OneAPI/SyCL. Best time to plant the tree is 15 years ago, and Jensen has repeatedly planted trees where they needed them to be successful in the long term, and moved the engineering and business sides to make it happen. Programmable shaders, CUDA, tessellation, GSync, and tensor/ML (and RT at the same time) have all been big big bets, and many people criticized some of them real harshly at the time, or backseat-drove that NVIDIA should have given it away, etc. https://youtu.be/Xn1EsFe7snQ?t=1086 https://youtu.be/Xn1EsFe7snQ?t=1086 https://youtu.be/tu7pxJXBBn8?t=273 https://youtu.be/tu7pxJXBBn8?t=273 Also, just in general there's really only a handful of companies that can build something like H100/H200 or MI300X or Ponte Vecchio and get an actual competitive product out of it. Let alone the rest of the integration in the system (multi-node, networking, etc) which is all increasingly necessary to build HPC systems at scale etc. NVIDIA paid for mellanox, and amd paid for xilinx, etc. "just" integrate all that successfully into something that clients can start building products on, when can you deliver a from-scratch competitor? lol (shoutout to oxide though, that actually does look pretty sick, bryan cantrill is in charge so you know it's gonna be good) There's definitely an enormous amount of key-man risk, but it's also certainly the best cross-disciplinary team (hardware, software, business) in the business today. Nobody else can identify what's gonna be big, lay the groundwork, execute successfully, and roll with the punches (and manage inventory) 90s-tech-business style. What if you could invest in cray, but it was a business where cray had repeatedly executed successfully and managed to pioneer several large commercial applications for their systems, and expected to continue pivoting and innovating into new areas going forward? There is nobody else in the business like Jensen right now, he is a savant.