Nvidia’s new financial strategy does not compute
April – 1805
Napoleon is master of Europe
Only the British fleet stands before him
Compute is now an asset class
I see it is once again time to talk financial innovation. Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR are all working with Nvidia to put together $500 billion in financing to turn compute into an asset class.
“This is really the first time that technology chips have become an investable asset class,” Nvidia CEO Jensen Huang said to CNBC. “These are revenue-generating assets now. They’re productive, they’re long-lived, they’re fungible, they’re flexible.”
“This is the very beginning, like what it was when I started in the mortgage-backed securities market in the 1970s.”
Huang said something very different about Nvidia’s own last-generation Hopper chips last year. “When Blackwell starts shipping in volume, you couldn’t give Hoppers away,” Huang told attendees at the company’s AI conference, hyping up its ...
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