Sundar Pichai 称 Google 因 Argon 发布受算力限制
帖子引述 Pichai 说 Google 正因新模型 Argon 上线而产能受限，并借此反驳 AI 泡沫论。
AI Bubble Bois vs Reality…… Reality: Elon $500B-$1T ARR at $spcx next year (per earnings call this week) Jassey (Amazon CEO) we are sold out at AWS in 2027 and a lot of 2028 (per podcast this week) Nikesh Arora (Palo Alto CEO) compute is constrained, I’m a taker of terms not a setter of terms (per podcast today) Sundar Pichai (Google CEO) we have been capacity constrained as they work through new model (Argon) launch (per podcast this week) Jensen (Nvidia CEO) sold out through mid 2028 “Bubble bois”: Average Private Wealth idiot on CNBC…. “Rates up 40bps over past 4 months AI bubble going to blow”….….. Reality: Meanwhile there’s like no financial leverage from the top companies …… Net debt / EBITDA — Nasdaq-100 top names (TTM, reported) NVDA -0.4x (net cash) AAPL -0.3x (net cash) GOOGL -0.3x (net cash) TSLA -2.5x (net cash) META -0.1x (net cash) MSFT 0.0x AMZN 0.2x (~0.8x incl. leases) AVGO 1.4x ORCL 3.4x ← the outlier Nasdaq-100 aggregate: ~0.3x reported 0.6–0.8x lease/SPV-adjusted S&P 500 ex-financials: ~1.5–2.0x ….the dummies can cause a lot of vol, hang in there. Have a great weekend!