The memory shortage question is fascinating. Huang acknowledged there will be shortages of “different things” but praised SK Hynix, Samsung, and Micron for scaling capacity. Translation: demand is outpacing even aggressive supply buildouts. #HBM #ChipShortage

SK Hynix already sold out ALL chip production for next year. Samsung is in “close discussion” for HBM4 chips. This isn’t just strong demand, this is a supply chain running at maximum velocity trying to keep pace with AI infrastructure buildout. #SupplyChain

The geopolitical angle: “No active discussions” about selling Blackwell to China due to Trump admin restrictions. This creates a bifurcated AI economy. Western chips for Western AI, forcing China to accelerate domestic alternatives. #Geopolitics #ChinaUS

TSMC CEO called Huang a “five-trillion-dollar man” after Nvidia became the first company to hit $5T market cap in October. The symbiotic relationship between Nvidia’s chip design and TSMC’s manufacturing is the backbone of the AI revolution. #TSMC #Taiwan

The bigger picture: We’re witnessing the infrastructure phase of the AI boom. Like the internet’s early days when Cisco dominated networking equipment, Nvidia is building the rails for the AI economy. The question isn’t IF demand is strong, but whether supply can keep up.

Key takeaway: When memory makers are sold out a year in advance, when a CEO makes quarterly pilgrimages to suppliers, when demand is called “very strong” during a period of historic AI investment. The AI infrastructure buildout is real, massive, and accelerating.