In a recent a16z podcast, renowned investor Gavin Baker and a16z partner David George engaged in a deep conversation, with both agreeing that NVIDIA is "in a very, very strong position." Baker pointed out that Jensen Huang has become the "central bank" of the AI supply chain by vertically integrating the supply chain, securing TSMC's wafer capacity and global key component supplies, and building a financeable data center ecosystem. He believes NVIDIA's moat is extremely difficult to replicate. Baker emphasized that NVIDIA's supply chain control locks in 70% to 80% of global key supplies, and its residual value guarantee financing structure allows it to obtain revenue sharing with virtually zero risk, making it difficult for competitors to match in terms of capacity and capital costs. Furthermore, Baker believes that open-source models are a boon for NVIDIA rather than a risk, as they will stimulate more demand for computing power. David George also stated: "One thing the past 26 years have taught me – never bet against Jensen Huang."