The author does not know Moore’s Rule that computing technology will continually advance, becoming faster, more energy-efficient, and more cost-effective over time. He is ignorant that NVDA's GPU is many times more powerful each new generation than previous generation, though price increase is much less significant. He is a cave person, of course without knowledge that price downfall has little relationship with high demand for computing power.
BTW “weird take” I was meaning the author’s take specifically about AI processing of info driving the selloff day after earnings announcement just to clarify.
I just glanced at NVDA- As far as inventory, didn’t they increase revs roughly $10 billion sequentially but inventories only increased about $5 billion sequentially? Or did U mean inventories are growing faster than revenues on a percentage basis or something else…
Actually Moore's law is no longer true as they've run into constraints from physics. Here is Moore's law: the principle that the speed and capability of computers can be expected to double every two years, as a result of increases in the number of transistors a microchip can contain. From Pat Gelsinger : https://www.tomshardware.com/tech-industry/semiconductors/intels-ceo-says-moores-law-is-slowing-to-a-three-year-cadence-but-its-not-dead-yet Lisa Su a couple weeks ago said Moore's law has essentially been bypassed through new manufacturing techniques such as chiplet stacking:
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