AI generating material new revenue at megacaps is likely. If AI currently generates only 5% of Alphabet's revenue, and if 100% of the cost of this revenue is $

AI generating material new revenue at megacaps is likely. If AI currently generates only 5% of Alphabet's revenue, and if 100% of the cost of this revenue is $ spent on Nvidia's hardware, then this represents 15% of Nvidia's revenue. Seen another way, in this example, Nvidia would only need ~7 Alphabets to sustain current revenue.