Numbers

~$130B

up ~115% YoY; data center segment ~88% of total

[NVIDIA FY2025 10-K + Acquired episode III] · as of 2025-01

• David:In one of NVIDIA's earning slides in 2021, they put up their total addressable market and they said they had a $1 trillion TAM... most things on Jensen's trillion dollar TAM slide have not come to pass. But that crazy question just might have come to pass.
  [Acquired NVIDIA Part III, ch. Intro]
  EpisodeCite

~$3.6T

briefly the most valuable public company on earth, June-Nov 2024

[Public market data] · as of 2024-11

~88%

gaming + automotive + pro viz combined ~12% by FY2025

[NVIDIA FY2025 10-K] · as of 2025-01

• David:These three things that NVIDIA has been building — the dedicated Hopper data center GPU architecture, the Grace CPU platform, the Mellanox-powered networking stack — they now have a full suite solution for generative AI data centers.
  [Acquired NVIDIA Part III, ch. Full-stack solution]
  EpisodeCite

~75%

vs ~50% for Intel; the CUDA + system stack is the moat

[NVIDIA FY2025 10-K] · as of 2025-01

• David:NVIDIA sells these DGX systems for $150,000–$300,000 a box. That's wild. With all these three new legs of the stool — Hopper, Grace, and Mellanox — these systems are just getting way more integrated, way more proprietary, and way better.
  [Acquired NVIDIA Part III, ch. DGX economics]
  EpisodeCite

5M+

decade-long compounding from the 2006 launch when nobody believed

[Acquired episode II + NVIDIA developer disclosures] · as of 2024

• Guest:CUDA is not just used for AI. CUDA is used for almost all fields of science. Everything from molecular dynamics to imaging, CT reconstruction to seismic processing, to weather simulations, quantum chemistry. The number of applications of CUDA in research was very high.
  [Jensen Huang interview (Acquired)]
  EpisodeCite

33+ years

continuous from 1993; longest active tech-founder CEO at NVIDIA's scale

[Acquired episode III + Jensen interview] · as of 2026-05

• Guest:At that time, if we realized the pain and suffering, just how vulnerable you're going to feel, and the challenges that you're going to endure, the embarrassment and the shame, and the list of all the things that go wrong, I don't think anybody would start a company. Nobody in their right mind would do it.
  [Jensen Huang interview (Acquired) — on founding]
  EpisodeCite

~$12B

FY2025; roughly the entire prior-decade R&D budget compressed into one year

[NVIDIA FY2025 10-K] · as of 2025-01

~$60-70K per GPU

B200 chip alone $30-40K; full NVL72 rack $3M+

[Industry pricing 2024-25 + Acquired episode III] · as of 2024-12