The AI bubble pop is probably not something NVIDIA is super looking forward to, but of anybody near the bubble they are the least likely to really get hurt by it.

They don’t make AI chips really, they make the best high-throughput, high-latency chips. When the AI bubble pops, there’ll be a next thing (unless we’re really screwed). They’ve got as good chance of owning that next thing as anybody else does. Even better odds if there are a bunch of unemployed CUDA programmers to work on it.

There will be a dramatic reduction in “demand” and Nvidia will be stuck with a massive “surplus”

There will undoubtedly still be a market for Nvidia chips but it won’t be enough to keep things going as they are.

A new market opening up with the same demand as AI just at the point that AI pops would be a miracle. Something like being an unsecured bond holder in 2010.

>When the AI bubble pops, there’ll be a next thing

And what is that post-AI bubble "next big thing" exactly?

If there were, you'd already see people putting their money towards it.