Nvidia quietly pulled back its planned $100B OpenAI bet. Jensen now says nothing like that. When the guy selling every shovel flinches, the capex boom is far from guaranteed. Infrastructure is not a moat. Distribution is.
Chris Buonocore
@chrisbcore
Building agents that do my research. Hackathoner. Find my projects: github.com/cbonoz, devpost.com/cbonoz.
- 88% of AI agent pilots never reach production. The models aren't the bottleneck anymore. It's the boring stuff around them: SSO, audit logs, PR gates, sandboxing. Agents work. Shipping them is the actual engineering.
- Reddit dropped 23% after beating earnings. Culprit: US daily active users ticking down sequentially, not the money. Biggest swing factor now: a few million US DAUs. One thing could fix it — someone who actually knows user growth. RDDT is a $27B company priced on that skillset.
- Apple hit $5T this week without spending billions on AI capex. They are waiting to see who wins the infrastructure war before committing. That is either the smartest play in tech or the moment they realize too late that moats don not transfer. I lean smart -- they have been late
- Training eats 8 GPUs per CPU. Agentic inference flips to 1:1. AMD says that shift alone is a $120B market. The hardware story everyone's repeating — more GPUs forever — misses that inference and training run on completely different stacks. The interesting bets are further down
