"Gavin Baker is not a household name like Buffett or Druckenmiller, but among serious technology investors, his views on AI carry enormous weight. The Atreides Management founder is known for podcast appearances displaying remarkable depth on semiconductors, deeply technical AI development, and the competitive landscape for AI chips. His latest 13F sends a powerful message: Baker is making one of his most aggressive bets yet on Nvidia."
"He bought call options on an underlying 3.5 million shares of NVIDIA stock. Baker is signaling he's bullish on NVIDIA in the near-term. The timing matters. Meta announced a multiyear, multigenerational partnership with NVIDIA yesterday, committing to millions of Blackwell and Rubin GPUs. Meta has embarked on developing its own MTIA chips, but has still strengthened their partnership with NVIDIA. That's a powerful signal validating Jensen Huang's thesis that general-purpose GPUs will dominate over custom ASICs."
"NVIDIA's Q3 FY2026 revenue hit $57.01 billion, up 62% year-over-year, with Data Center revenue reaching $51.2 billion. Huang said on the earnings call: "Blackwell sales are off the charts, and cloud GPUs are sold out. Compute demand keeps accelerating and compounding across training and inference, each growing exponentially.""
Gavin Baker founded Atreides Management after managing technology funds at Fidelity and is technically fluent in chip architectures, memory configurations, and AI model development. Baker bought call options equivalent to 3.5 million NVIDIA shares, signaling a large near-term bullish position. Meta announced a multiyear partnership committing millions of Blackwell and Rubin GPUs, reinforcing the view that general-purpose GPUs will outcompete custom ASICs. NVIDIA reported Q3 FY2026 revenue of $57.01 billion, with Data Center revenue of $51.2 billion and demand for Blackwell and cloud GPUs described as sold out. Baker's move represents an aggressive conviction bet on NVIDIA's AI leadership.
Read at 24/7 Wall St.
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