NVDA bullish call by Jo Bhakdi

NVDABullunverifiable

“I am strongly long Nvidia right now, a little leveraged.”

Thesis at the time

Mixed

The host holds a leveraged long position in Nvidia currently, but acknowledges that if the AI-pacing/doomerism debate escalates and frontier training runs get curtailed, Nvidia's chip dominance (rooted in training superiority) could take a hit, though he believes the market will largely ignore this risk for now. He is more confident that SpaceX and inference-related compute demand will be unaffected or even boosted.

Key arguments

Currently 'strongly long Nvidia... a little leveraged'
Nvidia's dominance is rooted in training superiority, which is the part of AI development that could be curtailed by a pacing agreement
Believes inference demand (which benefits Nvidia's pivot) will remain infinite and unaffected by any training pause

Counter-arguments acknowledged

If the doomerism/pacing narrative escalates, it could create a new perceived risk to Nvidia and hit the stock
Uncertain whether the market will price this risk in at all

Hedges and caveats (from the video)

Host acknowledges the debate about ASI existential risk requires deep knowledge to enter meaningfully
Host notes that public statements about AI risk are moderated for credibility reasons
Host states personal opinion (100% survival risk if true ASI developed) is not being officially pushed due to lack of general understanding
Discussion is speculative about political and industry responses rather than definitive predictions