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I think he sees the weakness more in the model/product/IP holding companies than the infra/hardware/commodity compute side

• alephnerd 2y ago
  Interesting. I personally think there is more risk on the commodity compute side because the projected multiples for a Cerebras or CoreWeave are imo unrealistic in such a margins driven market, and there was a DC funding boom that has started lagging over the past couple months, as there appears to be a bit of an overcapacity issue in compute - imo very similar to that in the mid-2000s with servers and networking players like Dell, EMC, Cisco, etc. That said, I have a similar opinion about foundational model companies as well.