The thing about ASICs is that they're much faster and cheaper at doing specific things, but you're locked into that specific thing forever. So the question is, what is specific enough that it'll be around for a long time, but general enough that there's a large market for it? And the answer we came up with is transformers.

Invest Like the Best with Patrick O'Shaughnessy
underscoredpodcasts
@underscoredpodcasts·July 21, 2026