DiscoverInvested by AlephGavin Baker, Managing Partner of Atreides, on Everything You Wanted to Know About Semiconductors & Why Global Warming is a Solved Problem
Gavin Baker, Managing Partner of Atreides, on Everything You Wanted to Know About Semiconductors & Why Global Warming is a Solved Problem

Gavin Baker, Managing Partner of Atreides, on Everything You Wanted to Know About Semiconductors & Why Global Warming is a Solved Problem

Update: 2025-10-22
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On this episode of Invested, Michael sits down with Gavin Baker who is the Managing Partner and Chief Investment Officer of Atreides Management, LP. In addition to overseeing investments and research at Atreides, he is responsible for the firm’s day-to-day portfolio management. Prior to founding Atreides in 2019, Gavin was at Fidelity Investments from 1999 to 2017, most recently as the portfolio manager of the Fidelity OTC Portfolio from 2009 to 2017. He also helped spearhead Fidelity’s venture capital investing from 2013 to 2017. Prior to managing the Fidelity OTC Portfolio, he was a portfolio manager of the Fidelity Select Wireless Portfolio from 2007 to 2011, the Fidelity Select Telecommunications Portfolio from 2007 to 2009 and the Fidelity Select Pharmaceuticals Portfolio from 2002 to 2005. Gavin started his career at Fidelity as an analyst, and focused on semiconductors, pharmaceuticals, retail, consumer packaged goods and telecommunications. Gavin earned an AB in economics and history from Dartmouth College.


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KEY TOPICS 


00:00     Intro


02:10  Foundation Models: From Fastest Appreciating to Depreciating Assets


05:46  The Trillion-Dollar AI Club: OpenAI, Anthropic & xAI


10:25  The “Free Agency” Talent War and Religious Belief in ASI


12:55  Weaponizing Capital and the $600 Billion GPU Question


16:30   The 30-Year “Overnight Success” of Nvidia


20:22  Cerebras, NextSilicon, and the Power of Picking Niches


23:49  TSMC, Intel, and the Semiconductor “Chocolate Cake” Problem


26:40  Why Taiwan Semi’s Lead May Be Stabilizing, Not Existential


30:48  ”Intel Made Two Crucial Errors” 


32:42   When Washington Bought a Piece of Intel


37:00  Israel’s Role in the Allied Semiconductor Supply Chain


40:54  The New Semiconductor Cold War


47:11  Toward an “Allied Supply Chain” for Chips and AI


50:54  Why Gavin Says Global Warming is a Solved Problem


55:34  Mars, Neuralink, and the Next Human Frontier


01:00:19  Would You Always Bet on Elon Musk?


01:03:01  Mission-Driven Investing and Avoiding “Bad for the World” Bets


01:07:37  Why Tel Aviv Feels Like the Most Exciting City in the World


01:09:43  The Charlie Kirk Assassination and the Return of Political Violence


01:15:37  X Saved the Truth About October 7th 


01:23:57   SpaceX, Starlink, and the Future of Human Ambition




RESOURCES


Follow Gavin on LinkedIn - https://www.linkedin.com/in/gavinbaker-portfoliomanager/


Follow Gavin on X - https://x.com/GavinSBaker


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CREDITS


Executive Producer: Erica Marom 


Producer: Myron Shneider


Video and Editing: Ron Baranov


Music and Creative Direction: Uri Ar 


Content and Editorial: Kira Goldring


Design: Rony Karadi

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Gavin Baker, Managing Partner of Atreides, on Everything You Wanted to Know About Semiconductors & Why Global Warming is a Solved Problem

Gavin Baker, Managing Partner of Atreides, on Everything You Wanted to Know About Semiconductors & Why Global Warming is a Solved Problem

Michael Eisenberg