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Gavin Baker Believes Demand Will Solve Neocloud Financing Issues "An open-source model, DeepSeek, said that they are monetizing at $38 per GPU hour. Last time I checked, I hadn't heard of anybody renting GPUs anywhere near that high. So maybe this explains why Blackwell prices have been up 17... show more

Daniel Romero

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142,863 görüntüleme • 6 gün önce •via X (Twitter)

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Noel Moore profil fotoğrafı

Noel Moore5 gün önce

Nice $WYFI

Hobo profil fotoğrafı

Hobo6 gün önce

$38/GPU-hr from an open model vs nobody renting near that rate — the gap is utilization and stack quality, not the chip sticker price.

Deep Insight Labs profil fotoğrafı

Deep Insight Labs6 gün önce

The issue is not demand for compute, that is in fact accelerating. Issue is what it takes to operationalize those GPUs and bring online the compute. Neoclouds are bottlenecked by energy, energy distribution and data centre construction while on the debt clock and financing crunch.

The SI Maximalist profil fotoğrafı

The SI Maximalist6 gün önce

Model revenue per GPU-hour isn’t the GPU rental rate. Demand helps, but neocloud debt gets paid from rental cash flow after operating costs. The margin has to reach the borrower

Ricardo Dias profil fotoğrafı

Ricardo Dias6 gün önce

those are open weights, though. any neocloud can serve the same DeepSeek model, so a $38 GPU hour is a margin that invites every GPU owner to undercut it. i'd expect that number to fall before rental rates climb to meet it.

businessStewie 最有利的策略 profil fotoğrafı

businessStewie 最有利的策略6 gün önce

Gavin is a hero

Nox profil fotoğrafı

Nox6 gün önce

$38 per gpu hour monetized makes blackwell rental prices look cheap

Cynicist Chud profil fotoğrafı

Cynicist Chud6 gün önce

There’s no demand at the prices US neoclouds and the Big Two labs want. ARR growth has flatlined. What part of this is so hard to understand?

Cyrus LIU profil fotoğrafı

Cyrus LIU6 gün önce

而且這段時間CPU的租金也開始上漲了

MacroValue profil fotoğrafı

MacroValue5 gün önce

@grok give me source of this full interview

Mikael 🎙️ profil fotoğrafı

Mikael 🎙️6 gün önce

Worth being precise: the $38 is DeepSeek's own off-peak revenue per GPU-hour, before costs, not a rental rate. Still, when a cheap open model earns far more per hour than the chip rents for, the squeeze is about financing timing, not demand.

anon profil fotoğrafı

anon6 gün önce

not if they only rent out baremetal tbh. depends how much the gpuh price increases, although we are seeing jevon’s paradox play out, it is easy to see how serving tokens as well would increase margin.

Sophia Data Queen profil fotoğrafı

Sophia Data Queen6 gün önce

$38 per GPU hour. That’s the monetize. Chart it.

Dhruv Patel profil fotoğrafı

Dhruv Patel6 gün önce

If inference really clears $38 a GPU hour, the guys renting out the GPUs aren't the ones who should be sweating. $IREN $NBIS

Novaris profil fotoğrafı

Novaris6 gün önce

$38 per GPU hour is a wild number — if demand really clears at that level, the neocloud financing debate looks very different.

DeltaPath profil fotoğrafı

DeltaPath6 gün önce

Demand was never the problem. The real filters are energized power and a balance sheet that can survive high rates until financing reopens. Holding $IREN since 2023, I think the neoclouds with grid-connected sites will end up taking the share of those that run out of runway.

Benzer Videolar

Gavin Baker: DeepSeek says it makes $38 per GPU hour, and he hasn't heard of anyone renting GPUs near that price. He says that may be why Blackwell prices are up 17 days in a row. So he asked Jensen Huang how demand that strong squares with the money it takes to build for it. Jensen says "without demand nothing is resolvable," and runs through OpenAI, Anthropic, Meta, GrokBot and Gemini 4. Deirdre Bosa pushed back. Badly timed financing can still trump demand. Jensen says the chips can underwrite the loan, because the residual value of Nvidia $NVDA compute is "really, really high." Can Nvidia's GPUs hold their value long enough to back the debt paying for them? FT Jensen Huang Gavin Baker Deirdre Bosa Yahoo Finance.

Gavin Baker: DeepSeek says it makes $38 per GPU hour, and he hasn't heard of anyone renting GPUs near that price. He says that may be why Blackwell prices are up 17 days in a row. So he asked Jensen Huang how demand that strong squares with the money it takes to build for it. Jensen says "without demand nothing is resolvable," and runs through OpenAI, Anthropic, Meta, GrokBot and Gemini 4. Deirdre Bosa pushed back. Badly timed financing can still trump demand. Jensen says the chips can underwrite the loan, because the residual value of Nvidia $NVDA compute is "really, really high." Can Nvidia's GPUs hold their value long enough to back the debt paying for them? FT Jensen Huang Gavin Baker Deirdre Bosa Yahoo Finance.

Milk Road Stocks

11,967 görüntüleme • 4 gün önce

JENSEN RESPONDS TO CONCERNS AROUND NEOCLOUD FINANCING: "Everything else will get solved when demand is high. You can't solve the absence of demand. But when demand is high, everything else will get taken care of. I am quite confident that they will find solutions. Their solution starts with the fact that they have excellent customers. Demand is really high and they just need working capital, and working capital will come.” $NBIS $CRWV $IREN $CIFR $APLD

JENSEN RESPONDS TO CONCERNS AROUND NEOCLOUD FINANCING: "Everything else will get solved when demand is high. You can't solve the absence of demand. But when demand is high, everything else will get taken care of. I am quite confident that they will find solutions. Their solution starts with the fact that they have excellent customers. Demand is really high and they just need working capital, and working capital will come.” $NBIS $CRWV $IREN $CIFR $APLD

amit

296,317 görüntüleme • 10 gün önce

$NVDA CEO Jensen Huang says GPUs are effectively sold out across the cloud with availability so tight that even renting older-generation chips has become difficult. Spot prices for GPU rentals are rising as a result which favors $NBIS, $IREN & $CIFR as demand pushes through limited capacity.

$NVDA CEO Jensen Huang says GPUs are effectively sold out across the cloud with availability so tight that even renting older-generation chips has become difficult. Spot prices for GPU rentals are rising as a result which favors $NBIS, $IREN & $CIFR as demand pushes through limited capacity.

Shay Boloor

212,563 görüntüleme • 9 ay önce

Jensen Huang: “Demand is so strong that rental prices of 2 generation old GPUs are going up.” Jensen said this in January and Blackwell rental prices are up by 50% since then. The demand is so excessive now that Anthropic had to reduce default thinking effort of Claude to be able to serve everybody. There is simply not enough compute. $AMD $NVDA $NBIS $AMZN $ORCL

Jensen Huang: “Demand is so strong that rental prices of 2 generation old GPUs are going up.” Jensen said this in January and Blackwell rental prices are up by 50% since then. The demand is so excessive now that Anthropic had to reduce default thinking effort of Claude to be able to serve everybody. There is simply not enough compute. $AMD $NVDA $NBIS $AMZN $ORCL

Oguz Erkan

73,622 görüntüleme • 6 ay önce

OMG!! At GTC Berlin, Jensen Huang of $NVDA mentioned “partners” in the neocloud space as $IREN $NBIS Nscale and Lambda BUT did not mention $CRWV 💀

OMG!! At GTC Berlin, Jensen Huang of $NVDA mentioned “partners” in the neocloud space as $IREN $NBIS Nscale and Lambda BUT did not mention $CRWV 💀

Nicholas Mugalli

34,433 görüntüleme • 11 gün önce

Jensen - "We know that every single GPU that Nvidia has in the cloud, across aws and gcp, is rented out. They’re all fully utilized. Demand for gpus is so high that even the spot prices of gpus sold a couple of years ago are going up."

Jensen - "We know that every single GPU that Nvidia has in the cloud, across aws and gcp, is rented out. They’re all fully utilized. Demand for gpus is so high that even the spot prices of gpus sold a couple of years ago are going up."

The AI Investor

69,299 görüntüleme • 9 ay önce

NVIDIA NEWS COULD CRUSH THESE STOCKS🚫 $NVDA just announced they are raising the prices of various GPU by +15%. This will cause stress for names like $CRWV $IREN $NBIS Worth mentioning Burry just went short on CRWV these NeoClouds are the definition of high risk/high reward👇

NVIDIA NEWS COULD CRUSH THESE STOCKS🚫 $NVDA just announced they are raising the prices of various GPU by +15%. This will cause stress for names like $CRWV $IREN $NBIS Worth mentioning Burry just went short on CRWV these NeoClouds are the definition of high risk/high reward👇

JEFE TRADES 🔪

43,720 görüntüleme • 2 ay önce

Jensen Huang’s interview had a few important tells. The $NVDA GPU depreciation overhang on AI utilities like $NBIS, $IREN, $CIFR & $CRWV is fading right as hyperscaler CapEx + GPU demand re-accelerate. This is still early innings of the largest industrial buildout of our time.

Jensen Huang’s interview had a few important tells. The $NVDA GPU depreciation overhang on AI utilities like $NBIS, $IREN, $CIFR & $CRWV is fading right as hyperscaler CapEx + GPU demand re-accelerate. This is still early innings of the largest industrial buildout of our time.

Shay Boloor

299,605 görüntüleme • 8 ay önce

CEO of Nvidia, Jensen Huang, on the business model of neoclouds and the possibility of bailing them out: "Number one, we invested in them. That's different than backing them. We invested in them because we think it's a good investment. I can prove it. The reason for that is because all of the neoclouds, their demands are incredible. The demand of their compute is incredible. They have contracts from large companies, small companies. They are completely sold out." "Needing to secure more land, power, shell. Needing to secure more compute, which is therefore, needing more capital, more working capital.' "They need working capital. Because the demand for capital is so high, interest rates are starting to go up. Remember, it is because demand for capital is so high. Why is demand for capital so high? Because the demand for AI is so high. That's what's driving it." "Everything else will get solved when demand is high." Via Bloomberg TV $NVDA $IREN $NBIS $CRWV

CEO of Nvidia, Jensen Huang, on the business model of neoclouds and the possibility of bailing them out: "Number one, we invested in them. That's different than backing them. We invested in them because we think it's a good investment. I can prove it. The reason for that is because all of the neoclouds, their demands are incredible. The demand of their compute is incredible. They have contracts from large companies, small companies. They are completely sold out." "Needing to secure more land, power, shell. Needing to secure more compute, which is therefore, needing more capital, more working capital.' "They need working capital. Because the demand for capital is so high, interest rates are starting to go up. Remember, it is because demand for capital is so high. Why is demand for capital so high? Because the demand for AI is so high. That's what's driving it." "Everything else will get solved when demand is high." Via Bloomberg TV $NVDA $IREN $NBIS $CRWV

P Equity Research 📰

54,094 görüntüleme • 9 gün önce

AI bears say higher rates are a risk for $NVDA because a lot of its customers borrow to buy GPUs but that completely misses whats actually happening to the value of the GPUs themselves. As long as GPU rental prices keep rising then $CRWV, $IREN, $NBIS, $WULF and others can better absorb higher financing costs while Nvidia keeps selling scarce hardware and generating massive cash flow of its own.

AI bears say higher rates are a risk for $NVDA because a lot of its customers borrow to buy GPUs but that completely misses whats actually happening to the value of the GPUs themselves. As long as GPU rental prices keep rising then $CRWV, $IREN, $NBIS, $WULF and others can better absorb higher financing costs while Nvidia keeps selling scarce hardware and generating massive cash flow of its own.

Shay Boloor

65,729 görüntüleme • 1 ay önce

Gavin Baker says token prices are falling, but the price of renting a GPU hour “has gone vertical,” because each GPU hour now produces more useful tokens BAKER: “By the way, on Jevons Paradox, it is interesting, and I think it’s very important to be precise in our terms. What we have seen, Silicon Data, an Atreides and I believe NVIDIA portfolio company, has this token index. It captures price and mix." "And as the price of tokens has gone down and the mix has shifted to cheaper tokens. The cost to rent an hour of GPU has gone vertical." "And that is because as you’re getting more tokens that are more useful out of a given GPU hour, that GPU hour becomes more valuable. So we’ve actually seen as the price of tokens has gone down, the prices that you were charging companies per your last call has gone vertical. You raised prices how many times in the last three months?” VOLOZH: “Ugh, nobody counts. Now we raise prices every 12 minutes on the auctions. Not only raising, by the way. Sometimes they go down.” BAKER: “But token, we need to be precise in our terms. Price of tokens going down, shifting to cheaper tokens, does not mean the price of renting a GPU from Arkady is going down.”

Gavin Baker says token prices are falling, but the price of renting a GPU hour “has gone vertical,” because each GPU hour now produces more useful tokens BAKER: “By the way, on Jevons Paradox, it is interesting, and I think it’s very important to be precise in our terms. What we have seen, Silicon Data, an Atreides and I believe NVIDIA portfolio company, has this token index. It captures price and mix." "And as the price of tokens has gone down and the mix has shifted to cheaper tokens. The cost to rent an hour of GPU has gone vertical." "And that is because as you’re getting more tokens that are more useful out of a given GPU hour, that GPU hour becomes more valuable. So we’ve actually seen as the price of tokens has gone down, the prices that you were charging companies per your last call has gone vertical. You raised prices how many times in the last three months?” VOLOZH: “Ugh, nobody counts. Now we raise prices every 12 minutes on the auctions. Not only raising, by the way. Sometimes they go down.” BAKER: “But token, we need to be precise in our terms. Price of tokens going down, shifting to cheaper tokens, does not mean the price of renting a GPU from Arkady is going down.”

Fireside Alpha

48,024 görüntüleme • 11 gün önce

BREAKING: Trump claims that "Gas Prices are not very high," and that "Gas prices have come down very much over the last 3 to 4 days”. FACT Check: Gas Prices have not been this high in 4 years Gas Prices are down just 1 Cent in the last 3-4 days and up $1.08 per gallon over the last year.

BREAKING: Trump claims that "Gas Prices are not very high," and that "Gas prices have come down very much over the last 3 to 4 days”. FACT Check: Gas Prices have not been this high in 4 years Gas Prices are down just 1 Cent in the last 3-4 days and up $1.08 per gallon over the last year.

Brian Krassenstein

79,419 görüntüleme • 6 ay önce

Why Every Company Should Buy, Not Rent, GPUs “If I wanted to rent an H100 for a year at $3.50 to $5 an hour across cloud providers, multiplied by 24 hours a day and 365 days a year, I’d end up paying $35,000 to $50,000. But I could buy that same GPU for $30,000.” Cliff Weitzman Love to hear your thoughts on this Gavin Baker stephen balaban Dylan Patel

Why Every Company Should Buy, Not Rent, GPUs “If I wanted to rent an H100 for a year at $3.50 to $5 an hour across cloud providers, multiplied by 24 hours a day and 365 days a year, I’d end up paying $35,000 to $50,000. But I could buy that same GPU for $30,000.” Cliff Weitzman Love to hear your thoughts on this Gavin Baker stephen balaban Dylan Patel

Harry Stebbings

64,255 görüntüleme • 1 ay önce

It’s time to put the Neocloud GPU depreciation debate to rest: $CRWV CEO: “Older generations of GPUs are going to have a longer useful life than anyone anticipated. They are going to contract for a longer term and at a higher price.” CoreWeave signed a fully priced A100 contract through 2029, a chip that came to market in 2020. Vintage GPUs are not dying. They’re getting contracted at full freight.

It’s time to put the Neocloud GPU depreciation debate to rest: $CRWV CEO: “Older generations of GPUs are going to have a longer useful life than anyone anticipated. They are going to contract for a longer term and at a higher price.” CoreWeave signed a fully priced A100 contract through 2029, a chip that came to market in 2020. Vintage GPUs are not dying. They’re getting contracted at full freight.

Small Cap Snipa

20,274 görüntüleme • 2 ay önce

"I see through 2027, at least $1 trillion" of demand for Blackwell and Rubin, Nvidia CEO Jensen Huang says.

"I see through 2027, at least $1 trillion" of demand for Blackwell and Rubin, Nvidia CEO Jensen Huang says.

Yahoo Finance

191,944 görüntüleme • 7 ay önce

"1GW soon will be $80 to 100B" Jensen Huang | $NVDA CEO | GTC Taipei 2026 $IREN capacity late 2025: 2.9GW $IREN capacity as of today: 5.8GW $IREN 2030 target: 12GW to 15GW (Personal Estimate) $CRWV 2030 Official Target: 8GW $NBIS 2030 Official Target: 5GW

"1GW soon will be $80 to 100B" Jensen Huang | $NVDA CEO | GTC Taipei 2026 $IREN capacity late 2025: 2.9GW $IREN capacity as of today: 5.8GW $IREN 2030 target: 12GW to 15GW (Personal Estimate) $CRWV 2030 Official Target: 8GW $NBIS 2030 Official Target: 5GW

The Tech Investor

138,753 görüntüleme • 4 ay önce

Jensen Huang stopped by the $NBIS booth at GTC Berlin and said "love Nebius, no tagline needed." Jensen going out of his way to praise Nebius is a good reminder that not every neocloud is the same and $NVDA knows which ones it needs in Europe.

Jensen Huang stopped by the $NBIS booth at GTC Berlin and said "love Nebius, no tagline needed." Jensen going out of his way to praise Nebius is a good reminder that not every neocloud is the same and $NVDA knows which ones it needs in Europe.

Shay Boloor

114,006 görüntüleme • 10 gün önce

xAI charges $50B per gigawatt. Neoclouds charge $17-25B. Gavin Baker Gavin Baker of Atreides Management told John Coogan and Jordi Hays on TBPN that Mars is not the SpaceX bull case. Altimeter's research shows xAI monetizes compute at $50B per gigawatt on the Google deal - 2-3x what any neocloud competitor charges. Baker stayed long through the IPO. His 12-month model doesn't track rocket launches. It tracks gigawatt additions. xAI also ordered roughly 20% of NVIDIA's Ruben production. Ruben is easier to deploy than Blackwell. Each new gigawatt at that pricing premium is a significant revenue event. Model gigawatts, not launch cadence. That's the trade. Full breakdown of Baker's near-term SpaceX case: Source: TBPN -

xAI charges $50B per gigawatt. Neoclouds charge $17-25B. Gavin Baker Gavin Baker of Atreides Management told John Coogan and Jordi Hays on TBPN that Mars is not the SpaceX bull case. Altimeter's research shows xAI monetizes compute at $50B per gigawatt on the Google deal - 2-3x what any neocloud competitor charges. Baker stayed long through the IPO. His 12-month model doesn't track rocket launches. It tracks gigawatt additions. xAI also ordered roughly 20% of NVIDIA's Ruben production. Ruben is easier to deploy than Blackwell. Each new gigawatt at that pricing premium is a significant revenue event. Model gigawatts, not launch cadence. That's the trade. Full breakdown of Baker's near-term SpaceX case: Source: TBPN -

Podcast Alpha

54,609 görüntüleme • 4 ay önce

The deal between $IREN and $NVDA means everything for $IREN. Jensen already said: “If we didn’t help CoreWeave $CRWV exist, they would not exist. If we didn’t support $NBIS, they wouldn’t be where they are today. If we didn’t support Nscale, they wouldn’t be where they are today. We invest in our ecosystem because I want our ecosystem to thrive.” The most important part of this deal is not the 5 GW that $IREN can now deploy with $NVDA infrastructure. It’s not the $3.4B that $NVDA will pay for $IREN cloud services over the next 5 years. It’s the fact that $NVDA now has a vested interest in seeing $IREN succeed. That changes everything. Huge news for all $IREN shareholders.

The deal between $IREN and $NVDA means everything for $IREN. Jensen already said: “If we didn’t help CoreWeave $CRWV exist, they would not exist. If we didn’t support $NBIS, they wouldn’t be where they are today. If we didn’t support Nscale, they wouldn’t be where they are today. We invest in our ecosystem because I want our ecosystem to thrive.” The most important part of this deal is not the 5 GW that $IREN can now deploy with $NVDA infrastructure. It’s not the $3.4B that $NVDA will pay for $IREN cloud services over the next 5 years. It’s the fact that $NVDA now has a vested interest in seeing $IREN succeed. That changes everything. Huge news for all $IREN shareholders.

Daniel

237,430 görüntüleme • 5 ay önce