The million dollar question (or trillion dollar question I suppose) is for the upcoming quarters - will there be pallets of h100s waiting shipment, 2x pallets of h100s or 10x pallets of h100s... or have all the pallets are shipped for the time being.
Has demand saturated while downstream AI engineers tinker on actually profitable use cases or is it going to keep growing exponentially.
Probably most stock price models assume at minimum linear growth for the next 5-10 years. But if the future reality is that it nearly plateauing and will likely drop off...
The pentium II was 233 MHz, not 33, but sure. The problem is, if that metaphor holds, we're so vastly far away from "the future" that it's impossible to predict what it looks like. Just for example, NVIDIA's chips kinda suck for inference. Vastly overprovisioned.
It's like the folks who were saying "the internet is growing rapidly, Cisco powers the internet, therefore Cisco will grow as rapidly as the internet" in the late 90s. Oops.
I think the challenge is to determine whether or not AI applications are generalizably useful to all of society as general purpose PCs and smartphones or if they are more narrowly focused like crypto applications.
Has demand saturated while downstream AI engineers tinker on actually profitable use cases or is it going to keep growing exponentially.
Probably most stock price models assume at minimum linear growth for the next 5-10 years. But if the future reality is that it nearly plateauing and will likely drop off...