I’m encouraged by the fact that older $NVIDIA(NVDA)$ GPUs like the A100 are still being used, while CUDA keeps extending the useful life of existing hardware. But unlike cars or aircraft, there isn’t a mature secondary market for obsolete GPUs, so depreciation risk remains difficult to price.
For me, the structure is bullish for AI infrastructure in the near term, but I wouldn’t treat the guarantee as risk-free. I’d rather invest in companies with strong contracts and improving cash flow, instead of relying purely on future demand or asset values.
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- NancyZhang·08-21TOPThat 25% backstop only works if GPU resale stays liquid, and 3 to 5 years is forever in this cycle. CUDA helps, but hardware decay usually outruns software lock-in.1Report
- 1PC·08-21TOPNice Sharing 😁 @DiAngel @Aqa @JC888 @Barcode @koolgal @Shernice軒嬣 20001Report