Jul. 15 at 7:54 PM
$VIXY
The paradox is- both NVDA and AMD are pricing in a future that no longer exist
Why Architecture, Not Ticker, Dictates Terminal Value
Wall Street may be pricing Nvidia and AMD as two flavors of the same future. But both valuations hinge on a deeper assumption: that the GPU is the terminal node of compute evolution.
AMD’s MI300X racks are being adopted by hyperscalers—but the paradigm is still GPU-centric.
Nvidia’s valuation rides the crest of AI capex—but it abstracts away from architectural divergence.
Groq, TPU, Trainium, MTIA—all reject GPU orthodoxy outright. They're not marginal—they're modular.
Architectural sovereignty is the destination. Both NVDA and AMD have priced in futures that do not exist.
So ask not whether NVDA or AMD is "overvalued." Ask what happens when the value detaches from the architecture they're built on.
PUTS ON NVDA and AMD
P.S. Edited to say GROQ is not the same as GROK
