[phist_mcgee]

But will they pay the unsubsidized cost when anthropic needs to turn a profit?

[igtt]

And they actually can’t increase the price much.

Token generation is the metric Jensen Huang keeps pushing to temper analysts, which also affect nvidia’s future expected cash flows of course.

If increasing the price causes that metric to drop, the whole narrative falls apart and fear will spread in the stock market.

They’re all racing very close to the edge. Some closer than others.