Gavin Baker - Watts and Wafers - [Invest Like the Best, EP.473]

Hello and welcome everyone. I'm Patrick O'Shaughnessy and this is Invest Like the Best. This show is an open ended exploration of markets, ideas, stories, and strategies that will help you better invest both your time and your money. If you enjoy these conversations and want to go deeper, check out Colossus, our quarterly publication with in-depth profiles of the people shaping business and investing. You can find Colossus along with all of our podcasts at Colossus.com. Patrick O'Shaughnessy is the CEO of Positive Sum. All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of Positive Sum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of Positive Sum may maintain positions in the securities discussed in this podcast. To learn more,

Visit PSUM dot VC. Um My guest today is Gavin Baker, the founding partner and CIO of A Trade's Management, and this is our sixth conversation. The central theme is Watts and Wafers, the two physical constraints that in Gavin's view will dictate the next phase of AI. On power, he thinks the near term shortage starts to ease in two thousand twenty seven and twenty eight.

as new sources of energy come online. And that orbital compute helps solve this problem in the long term. On wafers, he explains what is different this time from the dot com bubble and why TSMC's capacity decisions may be the single most important variable to watch. We also discuss Elon's terapab, the disaggregation of GPUs, the role of new chip companies, and whether economic value of AI will keep accruing to the frontier models. Please enjoy this awesome sixth conversation with Gavin Baker. Alright, so this is our sixth time doing this, if you can believe it. Which puts you back into first place, or at least tied first place with Girly.

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