Damnang (@damnang): "Compute is starting to trade like a commodity. CME and ICE are moving to list GPU rental rate futures. Big tech is no longer just buying chips. It is contracting compute capacity in dollars, gigawatts, and long term commitments. @PhotonCap 's new article looks one layer below …"

Make money doing the work you believe in

Compute is starting to trade like a commodity.

CME and ICE are moving to list GPU rental rate futures. Big tech is no longer just buying chips. It is contracting compute capacity in dollars, gigawatts, and long term commitments.

PhotonCap 's new article looks one layer below NVIDIA, cloud, and power.

If contracted compute turns into wafer starts, the real supplier agnostic winners may sit in deposition, etch, bonding, probe, burn in, ATE, and metrology.

This is not just a GPU story anymore. It is a compute production story.

Read PhotonCap 's latest article to see where the next layer of beta may be hiding.

$NVDA $ORCL $MSFT $CME $FORM $AEHR $KEYS $TER $ATEYY $AIXA $VECO $ALRIB $OXIG $IQE $AXTI

PhotonCap

Jun 19

CME and ICE are moving to list compute as a futures commodity. The moment compute becomes a commodity, the question shifts from who sells the GPU to who holds the production bottleneck. Whoever wins the chip war, everyone passes through one layer.

Contracting GW eventually translates into wafer starts one layer down
Whoever wins, they all …

photoncap.net/p/compute-is-the-new-oil-so-who-b…

Jun 19

4:58 AM

Make money doing the work you believe in

Log in or sign up