AI's fork in the road
Does intelligence stay in the cloud, or migrate to the edge? The answer decides the fate of Nvidia, data centers, and GPU futures
Today’s dominant AI narrative is built around the GPU. Hyperscalers and sovereigns are in a global arms race to secure Nvidia hardware. Investors talk about compute as the scarce industrial input of our era. Don Wilson, one of the savviest commodities traders of his generation, has even predicted that GPU futures markets could be larger than oil within …