Bullish on disciplined AI infrastructure spending

Cloudflare CEO, Matthew Prince, on AI and Jensen Huang's scandal: "There's also been a little less engineering and more financial engineering over the last little bit, and you see people who've done deals where they are effectively selling 1 dollar for 50 cents and that doesn't play well over the long term. I think what we're experience right now is figuring out where is the real ROI for companies in Al, and the companies that figure that out are the ones disciplined, and the ones focused on cost, are going to be the huge winners over the long term. The ones running around with Uncle Jensen's crazy credit card just buying things like crazy, they maybe aren't going to be ones that last too long." "Jensen is an incredibly complicated character...I think the longer term question for Nvidia is going to be some of the things they've done to really cement their position. They've done a lot to control access to memory, they've done a lot to control access to data center space. They've used that in order to leverage their position where they are in the marketplace. I think in the process of doing that, have funded a lot of this, maybe it's not overbuilt but built at a price which isn't the right price that is sustainable over the long term business." "The longer term of whether Jensen is the hero or villain in this story is going to be, what were some of the things Nvidia did in order to cement their market position, were those helping us actually get the most out of Al or were those just financial engineering?" Via @CNBC $NET $NVDA $GOOGL $META $MSFT $AMZN