David Rosenthal: belief

Transcript context

…There are many ways that Nvidia applies this, which I think we talked about in the last episode. If they think it’s going to be a low margin opportunity, they don’t go after it. But the nicer way to say that is, we don’t want to compete for things that anybody can do. We want to do things that only we can do. Oh, and by the way, we will fully realize the value of those things when we do them. I think this may be a related playbook theme here for Nvidia of strike when the timing is right. I suspect that a lot of the inner competitive drive and motivation for Jensen and the company over the past 10–15 years here has been to really fight against Intel. Intel tried to kill them. As we talked about many times in the previous episodes. We talked to somebody who framed it as Intel was the country club and Nvidia is the fight club. Back in the days the Intel country club didn’t want to let Nvidia in. the CPU. Intel would integrate and commoditize all other chips into the motherboard eventually. If they couldn’t do that, then they’d try and make the chips themselves. They tried to run all these playbooks on Nvidia and Nvidia just barely survived. Then in the data center. Intel controlled the data center for so long. PCI Express, that was the interconnect in the data center for so long, and Nvidia had to live in there. And I’m sure they hated every single minute of it. But they didn’t turn around 10 years ago and just be like, guess what? We’re making a CPU, too. They waited until the time was right.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.