Sources: Anthropic is in talks to rent servers powered by Microsoft-designed chips; source: Anthropic has steadily increased its Azure usage since November 2025

@tbpn: $NVDA is becoming more and more undervalued, and the competitive threat from TPU and Trainium are red herrings, says @firstadopter. "The stock is almost as cheap as it's ever been. It's trading at 19x forward P/E. That's below the S&P 500, which is growing at like 10%. Nvidia's [video] Physical AI & $NVDA As in each of the past five quarters, Jensen reminds investors that physical AI will become a major driver in the next several years, but it has not yet started. My take: Investors are under appreciating the impact of physical AI. This year, FSD will account for about 0.3% of total passenger miles driven in the U.S., and autonomous ride-hailing will account for about 2% of rideshare. Cars are one part of physical AI.