Only Nvidia actually made money on AI, argues Bindu Reddy—neo-clouds will collapse first
bindureddy · x · 2026-11-14
Bindu Reddy argues the fundamental problem of the AI trade is that Nvidia is the only company actually making real money—everyone else runs at a loss and isn't a real business yet. Without Jensen Huang recycling Nvidia's profits back into the system, some sectors will inevitably collapse, starting with the neo-labs and neo-clouds Nvidia was directly propping up. Silver lining: more efficient markets.
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