Even if OpenAI and Anthropic blow up at IPO, going long GPU hardware still pays

GabGarrett · x · 2026-09-30

GabGarrett offers a contrarian take: hypothetically, even if OpenAI and Anthropic completely explode at IPO — he likens it to the Columbia shuttle at launch — it's hard to imagine any scenario producing a sudden glut of GPU hardware.

Conclusion: going long hardware remains worthwhile regardless of the fate of the leading AI labs, since compute demand is underpinned by more than these two companies.

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