00:00Michael Burry, like, tweeted something.
00:02He's like, oh, the lifespan.
00:03They're like, right?
00:04And everyone spent, like, three weeks free
00:06and then moved on from that conversation, right?
00:09What do we know about chip lifespans?
00:11Are there misconceptions out there
00:13about how long these can be productive?
00:17Last year, because of that conversation,
00:19the second year H100 residual value,
00:22resale value for refurbished chips,
00:24about $0.85 on a dollar.
00:25So a year later, you can sell $0.85 on a dollar.
00:28That's pretty good, I would say.
00:30The third year is $0.84 on a dollar.
00:32I think my car depreciated way more than that, right?
00:34And I drive my car for whatever, 10, 10 years.
00:38So I had the data, but again,
00:39I'm not going to argue against narrative, which is...
00:42So, but there's a decent drop from year one to year two.
00:45But after that, you see a general leveling out.
00:48That's November, December analysis.
00:49Right now, it's a little different.
00:50I haven't refreshed the study, but our code is there.
00:52If you're my data client, if you're wrong with my code,
00:54you get a number right away.
00:56Another thing I want to point out is L40s.
00:59They're like, you know, the OGs, right?
01:02At that time, people still use them.
01:05They charge you, hyper-cellular charge you $0.40 per GPU per hour.
01:09So, you know, I don't know about two years
01:11where it's the net number coming from,
01:13but I will do that trade every single day.
01:15If you sell me you're two years old at $0.10 on a dollar,
01:17but I'll buy it.
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