Bindu Reddy: GPU arbitrage isn't a technology or a defensible business
bindureddy · x · 2026-10-26
Investor Bindu Reddy argues that GPU arbitrage is neither a technology nor a defensible business. The moment GPU demand appears, thousands of companies pop up to arbitrage it — and once demand softens, as she expects it eventually will, they'll be left as super low-margin brick-and-mortar-style businesses.
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