Nvidia data center revenue has gone from like, you know, a few billion a quarter to like, you know, $20, $25 billion a quarter now. And, you know, continuing to go up, like, you know, big tech CapEx is skyrocketing.

They're able to make 7-nanometer chips now. I think there's a question of how many could they make, but I think there's at least a possibility that they're going to be able to mature that ability and make a lot of 7-nanometer chips. There's a lot of latent industrial capacity in China and they are able to build a lot of power fast.

I think this is where it gets really interesting for the big tech companies because their revenues are on order hundreds of billions. So it's like $10 billion, fine... but really, when big tech will be gangbusters, it's $100 billion a year.

And then 2030, trillion-dollar cluster, 100 gigawatts, over 20% of US electricity production

At some point, a Google or something becomes interesting... At some point, Google will get $100 billion of revenue from AI. Probably their stock will explode. They're going to become a $5 trillion, $10 trillion company.

And there's a whole stack. There's people making memory and co-was and power.

I mean, in the Taiwan watcher circles, people often talk about the late 2020s as the maximum period of risk for Taiwan. Taiwan because military modernization cycles and extreme fiscal tightening on the military budget in the United States over the last decade or two has meant that we're in this trough in the late '20s of overall naval capacity. And that's when China is saying they want to be ready.

I think people are just vastly underrating the chances of this more or less looking like a government project.