1. The whole Burry argument is that AI hardware becomes obsolete faster. If aux hardware can be reused, that works against the argument.
2. Total consumption drives more demand for the already supply constrained hardware. Can AI hardware market go bust? Sure it can. But being early is the same as being wrong in the investment market. When do you predict the bust to be?
3. Google, Amazon, Microsoft, Meta are all buying as many Nvidia GPUs as they possibly can. The biggest tell on how Nvidia is doing is that their share in inference has increased despite the increase in competition: https://archive.md/CKP0N. So while competition is getting bigger and bigger because the overall pie is getting exponentially bigger, Nvidia's growth is still higher than average.
2. Total consumption drives more demand for the already supply constrained hardware. Can AI hardware market go bust? Sure it can. But being early is the same as being wrong in the investment market. When do you predict the bust to be?
3. Google, Amazon, Microsoft, Meta are all buying as many Nvidia GPUs as they possibly can. The biggest tell on how Nvidia is doing is that their share in inference has increased despite the increase in competition: https://archive.md/CKP0N. So while competition is getting bigger and bigger because the overall pie is getting exponentially bigger, Nvidia's growth is still higher than average.
Some other sources:
https://www.businessinsider.com/amazon-nvidia-aws-ai-chip-do...
https://www.businessinsider.com/startups-amazon-ai-chips-les...