When the AI bubble pops, Nvidia becomes the most important software company overnight

Today, Nvidia’s revenues are dominated by hardware sales. But when the AI bubble inevitably pops, the GPU giant will become the single most important software company in the world.

Since ChatGPT kicked off the AI arms race in late 2022, Nvidia has shipped millions of GPUs predominantly for use in AI training and inference.

That’s a lot of chips that are going to be left idle when the music stops and the finance bros come to the sickening realization that using a fast-depreciating asset as collateral for multi-billion dollar loans wasn’t such a great idea after all.

However, anyone suggesting those GPUs will be rendered worthless when the dust settles is naive.

GPUs may be synonymous with AI by this point, but they’re much more versatile than that. As a reminder, GPU stands for graphics processing unit. These chips were originally designed to speed up video ...