$AMD · AMD's inference curve slightly worse than Blackwell but still an $800B company — shifting curve further creates massive value

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Invest Like The Best

The Two Harvard Dropouts Who raised $800M to take on NVIDIA

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AMD's inference curve slightly worse than Blackwell but still an $800B company — shifting curve further creates massive value

2026-06-30 · 5 company · 7 thematic

sentiment

2 bull1 bear2 neu

speakers

gavin baker

Managing partner and CIO of Atreides Management, a technology-focused hedge fund. He previously ran the Fidelity OTC fund for years and is one of the most-followed voices on semiconductors, AI infrastructure and growth tech.

rob

quote

“You could see an AMD curve which is a little bit worse than Blackwells and it's still an $800 billion company. So if you think about what then the impacts are of shifting that curve not just a little bit further out but but much further ou…”

—rob

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