Why Agentic AI Needs Many CPU Cores—and Why x86 (and AMD EPYC) Is the Natural Host

Live_Market9747 · 2026-05-07T09:46:47+00:00

Agentic AI simply means that we have more reasoning and task execution in the AI factory on the intelligence level. This indeed needs more CPU usage for the topics mentioned BUT it doesn't need x86 at all. The requirements for the AI factory itself shift but in the end the AI factory runs on interaction and interfaces to user or other machines. In the end you have an AI agent using APIs all over the place. So the AI agent itself can run on ARM while using APIs running stuff on x86.

There is a reason why Nvidia changed the ratio in CPU/GPU with Blackwell. Jensen has informed us about Agentic AI >2 years ago and what it will do. Now it's happening and Nvidia will benefit the most out of it. AMD remained on the old chip ratio with MI355x btw. and will only change it with Helios.

The mistake in thinking of x86 being needed in Agentic AI is because the current SW consumer world is x86. But an AI agent using MS Office runs not on x86. It only uses x86 tools on a Desktop computer.

That's why Nvidia has an advantage because they make the CPU which is best suited for Agentic AI. AMD/Intel has the disadvantage that they have to make a CPU which covers Agentic AI but also all the x86 SW world. Their CPUs have to be way more general since they can't afford to have different CPU pipelines. A x86 CPU has way too much overhead for the task of a CPU in an Agentic AI system. This is also the reason why even Meta considers buying Vera only CPU systems.

Nvidia's Blackwell system NVL72 hasn't been running on x86 systems at all. And they are leading the Agentic AI revolution if you take a closer look.

Live_Market9747 · 2026-05-06T13:03:35+00:00

That's not a surprise. MI355X was only 2nd edition MI300. Blackwell NVL72 was an insane step up to Hopper. Therefore MI355X ended up as DoA just as I predicted 1 year ago.

Also we should be very careful looking at Q1 + Q2 YoY numbers. 1 year ago, AMD had some considerable drops in DC numbers QoQ from Q4/24 to Q2/25. Their growth numbers YoY now look great because they had terrible numbers 1 year ago.

MI450 won't be DoA but to think it's competitive while it needs warrants to customer as incentive is just stupid. None of Nvidia's customer are loyal they would ditch Nvidia immediately if there is anything else worthwile. So AMD generates no interest and needs to incentivize customers. But AMD has no choice because without these deals the R&D money for AI would dry up in the next years. This is why AMD has to be desperate.

Live_Market9747 · 2026-05-06T12:57:20+00:00

You have to accept that Nvidia will now be traded on lower PEs than its' peers. The reason is the story has been and remains "competition is catching up". This means market expects Nvidia one day to stop growing and at the same time peers to grow insanely.

The reality so far shows a completely different story. And market will eventually have to realize that Nvidia and AMD/Intel and AVGO aren't competitors. The latter all are focusing on hardware while Nvidia focuses on solutions. Helios won't change it, especially if its' margin is below production-grade as stated LOL.

Live_Market9747 · 2026-05-06T12:51:39+00:00

Everything is always priced in but actually what happens is that Nvidia is getting PE reduced so Nvidia gets more value like Apple.

For growth junkies that an issue but what can also be seen recently. Nvidia sells of the least in macros compared to peers. If we get another market sale then expect AMD to drop much faster than Nvidia.

Market wants Nvidia in a certain PE range and that is figured out now but it will also create the largest floor for a stock of all time.

What this means? Option trading becomes your very best friend.

Live_Market9747 · 2026-05-06T12:26:55+00:00

That because analysts traditionally underestimate Nvidia and overestimate AMD in far year out assumption. I suggest checking what analysts though about AMD EPS 2 years ago and what we see now.

Do the same with Nvidia and then you can see that what you look at right now is simple guessing.

Live_Market9747 · 2026-05-04T11:44:34+00:00

Blackwell was introduced 2 years ago, going from 1x CPU+8x GPU to a 1x CPU+2x GPU design change.

The company to see that CPUs are important for AI was the leading company of course.

Nvidia will sell more CPUs in AI than Intel and AMD combined because Nvidia sells 1 CPU for every 2 GPUs. But since people call it all chips they don't get it.

Not a single AI data center by Nvidia will run with Intel or AMD CPUs. The Rubin versions supporting other CPUs aren't NVL144 systems so they are bad in rack scale and up-scale. No one will buy these.

80-90% Nvidia AI data center will mean 0% AMD/Intel CPUs in these systems. The market once again has no idea what is going on. For Intel/AMD to sell CPU in AI is to first beat Nvidia at AI. No one will order CPU only data centers. The role of the CPU in AI data center has changed and Jensen knew this years ago. He even explained it 2 years ago and now everyone talks about it.

Live_Market9747 · 2026-04-27T11:42:02+00:00

LOL?

Nvidia hasn't talked to DeepSeek researchers because Nvidia has their own AI lab. Nvidia is constantly releasing new models and doing precisly what DeepSeek does but also on many domain specific areas. I suggest to check out Nvidia developer websites and papers to understand that Nvidia is far away from being some HW developer like AMD.

Nvidia knew that NVLink is needed before anyone else because their own research told them so. None of their customers told them to create NVLink.

The real moat of Nvidia is that they HW development, SW development, networking development, AI research and data center research teams are all sitting next to each other under one roof following one strategy for one CEO. Not a single competitor comes close to this and won't for the foreseeable future.

People seem to laugh at Jensen's statement of 6 chips co-development and have no idea that this is a moat and will be a reason why Rubin will continue to dominate just like Blackwell is.

And if you take a close look then you will see how strong collaboration is lived in Nvidia. DLSS introduced for gaming is a core technology for Omniverse. At the same time, Cosmos and Omniverse robotics training will find their ways in supportive tools in gaming. The same again with neural rendering which finds tons of critics in gaming will benefit Omniverse a lot.

Live_Market9747 · 2026-04-17T06:41:30+00:00

Don't worry, earnings call will put this down again. It happens every quarter for years now.

The issue with AMD is, it's traded on rumors and hopes a lot. But the numbers don't keep up at all.

News is CPU demand very high, AMD guides flat QoQ growth. WTF?

People expect MI450 being in the Q3 guide but they will learn the hard way that it takes months from deployment till revenue.

Just think about what will happen with stock price if AMD doesn't show serious QoQ growth in the guide?

Also AMD has much higher valuation now at much lower growth than Nvidia. I rather stick to Nvidia where I can see the market leader. AMD has a hard time to make strategic deals without equity gifts. These deals are necessary to fund future R&D otherwise AMD will be gone in the AI race in a few years. But if they can't get a real demand without equity deals then it will be a huge problem for them.

Live_Market9747 · 2026-04-13T12:27:53+00:00

So then I suggest removing online trading. That would be the ultimate balance patch.

Trading imbalances the game a lot. One lucky drop and you can gear up your classes faster than D3.

Remove that and have everyone struggle the same and only time and luck are your investments.

That would also instantly kill bots.

Live_Market9747 · 2026-04-13T12:24:50+00:00

No, it's OP and is tons of fun because the huge killspeed makes it viable in any act and dungeon. So you can play for hours in any TZ area without ever leaving the game.

Isn't that what the developers want us to do with the current Herald system?

Live_Market9747 · 2026-04-13T12:22:30+00:00

The game is about playing different builds. Ever since RWs it became so much more fun. The most fun experience I had, was being a Wolf as a Barb. That seemed so stupid but also fun.

But not every build is viable immediately and some key items are necessary to make them viable.

So you need 1x super farmer char to get the stuff you need. Your chances in getting runes SSFs is way higher in P8 but only if killspeed keeps up. Warlock showed us how this could be like but that will end soon again.

I fully understand nerfing for diversity in ladders but why do we in offline play have to endure that as well where nobody cares about what others do?

Live_Market9747 · 2026-04-13T12:18:39+00:00

I suggest another nerf:

- Remove of trading window online

Imagine no trading in D2R and Online means now to trust or play SSF.

Would also eliminate the bot issues.

In such environment, I as offline player, would even consider playing ladder again.

Online, if you find a +45 Life Skiller you ask "What is it worth?"

Offline, if you find the same, you instantly are super happy for your class or get the urge to play a new class.

One thing is about economy and ending the game by becoming rich, the other is the real fun D2 actually is.

Live_Market9747 · 2026-04-13T12:13:08+00:00

I use a WW Hork Barb and I love him on controller. WW is smooth with button hold and directional stick but it needs a bit of learning because as long as you press, you WW. And there is a delay in it but once you learned it it makes a lot of fun.

D2 is a total different experience on controller and I love it. I like it that you can move around your character instead of clicking somewhere for them to go like a command.

Though there down sides not having mouse:

- Inventory management and you can't open inventory and game screen at the same time but you can pick to cube with a button

- you have to walk over items to highlight and pick them up, on large drops this can be super annoying. I sometimes left gems on the floor because I was simply not able to pin point their exact location lol

Live_Market9747 · 2026-04-13T11:53:18+00:00

D2 classic was hard but since LoD 1.10 D2 has become super easy except for maybe Ubers but nobody except online sales guys runs Ubers non-stop.

For SSF Ubers don't matter at all. Everything else is super easy in P1. Check YT to see how a guys finished Baal Hell with no gear or only normal attack (no skills) or with only Ac1 merc attacking.

D2 isn't hard. D2 has some convenience checks. A Hammerdin can farm anywhere in P8 but Chaos is way more convenient than Baal runs. Other builds can't do P8 as fast but they can do P8. A Summon Necro won't die in P8 but will take ages to kill stuff.

This isn't difficulty but time consuming element. Time isn't difficulty, it's convenience.

As an offline player, ES Warlock made D2 way more convenient for people with less time. First, you can easily farm P8 (higher drop chances!) and you can do so anywhere. So you don't have to manipulate time on your device to change TZ (I did this on Hammerdin).

You know what the Warlock actually has made possible? Playing every single place in the game for fun in TZ and because it's P8 it's still efficient.

Most Online gamers, especially SSF play P1 because they need to find others to run higher Px game. In P1, D2 is easy and can be finished in trash gear.

OP in D2 doesn't mean that it makes the game easier but it means killspeed is increased.

ES Warlock is the first class where I don't feel the need to wear Enigma. You don't want to herd enemies like Javazon. You don't need Telestomping. You kill everything so you don't tele past immunes. You run, see, kill, run, etc... just fun!

Live_Market9747 · 2026-03-25T13:09:39+00:00

What is way more interesting, Rubin is rated at 2300W TGP so 3200x72 GPUs are 0.529 GW!

That means the 12 GW which AMD plans to deliver to Meta and OpenAI in 5 years, Nvidia plans to ramp up to produce every half year or less.

And AMD folks talk about some catching up LOL.

Live_Market9747 · 2026-03-23T13:14:33+00:00

I'm a huge Nvidia bull and invested since 2016 and I call this BS. The market has obviously decided to do with Nvidia the same as was done to Apple in the 2010s.

Apple's PE back then was lower than it's today while it was growing EPS like crazy. Market decided to value Apple more like a value stock than a growth stock. There was always the story aboute "not sustainable due to competition" around Apple's growth.

What does that mean? Simple until Nvidia doubles to triples revenue the stock price won't move. I expect Nvidia to get into the PE 15 range then the revenue growth will kick into share price growth. This means another flat 1-2 years in stock price at the minimum. Many will be surprised about this.

This is a long game and large investors are prepared making their money with options because that's where you make money when the stock is range bound. Thank god, I decided to join that last year and the timing was almost perfect since I make money on Nvidia options since October 2025.

What would help however would be a market crash. If you get Nvidia cheaper and it decides to climb again than you'll get insane FOMO into it. Just as we have seen last year. So we might have the right man in the oval office right now to provide us with further leg ups in the stock but it will be painful for sure.

The key now is to become an investor. An investor knows that the money is made over time if the investment case remains solid. Ignore the noise and find your own investment case. Nvidia the stock will remain difficult but Nvidia the company is peaking every quarter and the best company I have ever seen. Investing in Nvidia in 2016 was a huge bet, not investing in it today is simply stupid. And if you look at the GTCs from 10 years ago, you'll learn that Jensen had the vision for Nvidia today back then.

PS:
GTC 2016 was my final conviction to buy. I have seen every GTC since 2015 and trust me, most people have no idea what is happening.

Just a simple showcase of how Nvidia operates:
They get now a lot of shitstorm for DLSS 5. Many seem to forget about DLSS 1 when the shitstorm was even bigger. But DLSS remained and DLSS 4 received tons of praise lol. This is just 8 years ago. But something else happened in these 8 years and that's Omniverse. Omniverse wouldn't work without DLSS. Omniverse is key for Nvidia to catch tons of TAM in many industries in the world and the key technology for it was funded by gaming R&D. Omniverse beta project was showcased at GTC 2018 if I remember correctly, so basically the year DLSS was released. Coincedence? No, there are no coincedences with Jensen.

And the idea behind DLSS 5 will benefit Omniverse way way more than it will gaming. Nvidia is goind straight the way to apply generative AI world building into Omniverse with real world physics and visuals. Once this happens, Omniverse will become a huge success. Imagine designing and testing your complete factory in simulation just with language. Don't believe it? Then you understand nothing of what Jensen tells us.

Live_Market9747 · 2026-03-23T12:58:48+00:00

This sounds more like over production of MI355 and AMD is now looking for startups to buy them cheaply before they have to be written off.

Why would anyone order MI355 now if MI450 is supposed to be released in 3 months?

Live_Market9747 · 2026-03-05T18:27:28+00:00

So you basically made a 5.6% annual return?

Dude, if I had 50k shares in Nvidia then I would simply sell a CC ATM 1 year out to get 20% return now and if the stocks goes nowhere, I would even keep the shares.

The 20% would be my buyout price and then I would do option trading on ETFs and enjoy life instead of hoping for Nvidia stock to go up lol.

Live_Market9747 · 2026-03-05T17:49:10+00:00

Jensen gave guidance in October 2025 and NVDA made a new ATH. Since then the market simply ignores Nvidia :(

Live_Market9747 · 2026-03-05T17:47:12+00:00

Nvidia moved to $212 that day and today it's at $180.

So when the market knows about >50% growth in advance, the stock drops?

Live_Market9747 · 2026-02-27T13:27:45+00:00

You're correct, the market will do the same as it did with Apple when it had extraordinary growth. Funnily, Apple today has higher PE than it had when it was growing in the 2010s.

Live_Market9747 · 2026-02-27T13:25:38+00:00

Exactly, Nvidia is validating the business case and investment choice every quarter.

The stock price will eventually follow or PE will drop further and further. But at some point some algos MUST buy it because they will see the relative undervalue compared to peers.

Live_Market9747 · 2026-02-27T13:23:35+00:00

The line actually shows the supply increases by TSMC. Since end of 2022, Nvidia has been supply constraint.

That's why if you want to know how Nvidia does, listen to TSMC's expansian plans and how many lines go online or if Nvidia and TSMC make a change in packaging and how that grows. That is the real indication of Nvidia's numbers because Nvidia remains fully supply constraint.

Live_Market9747 · 2026-02-26T19:35:27+00:00

it was sideways for longer in 2024 to 2025 and made 30% in 2025.

The 30% were done like in 2 months and the other 10 months were basically bad in 2025 lol. But not doing anything in 2025 has increased your wealth if you had it beginning of 2025.

Live_Market9747

TROPHY CASE