@merquiel10: Daniel - Do Outro Lado do Rádio

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Tuesday 23 September 2025 01:38:18 GMT

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Brad Gerstner on 1999/2025 “dark fiber” bubble comparisons: “There are no dark GPUs” “Everybody's looking for the bubble.” “We've got this pattern recognition, everybody's like, ‘It's dark fiber. It's gotta be dark fiber. There's no way that you can 10x your revenues at Nvidia without it being a bubble.’ But the reality today is Nvidia trades at a lower p/e multiple than it did when it was $200/share.” “Think about what the term dark fiber means. We were laying fiber in the ground that remained dark. We did not have the demand for the fiber.” “There is not a dark GPU in the world today. There's not going to be a dark GPU in the world next year.” “The tokens are being consumed. Every consumer in the world wants answers, they don't want to use 10 blue links.” “Every enterprise wants to deploy this to make their enterprise better.” “National sovereigns want to do this in order to advance their military and other things.” “There's no dark GPUs in the world today.”

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