io.net vs Nvidia: a $233B daily move equals 179x IO FDV
Quote129 words
Bullish call$IO−90%since this piece, moved against the callHow it played out ↓Frames io.net as a way to access scarce institutional GPUs at low cost, noting Nvidia's one-day $233B market cap swing equals 179x IO's FDV. Argues IO is undervalued.
Key claims
NVDA up more than 8% equals a $233B market cap move, 179x the IO FDV
IO up almost 10% on the week
io.net uses geo-distributed clustering of idle GPUs via Ray
Yesterday $NVDA surged >8% on the CEO saying that "demand is great".
That equals a fluctuation of $233B in market cap or 179x the $IO FDV within one day.
Sure, @ionet is not a GPU producer.
Even better. $IO is a decentralized compute network that makes these highly sought-after, institutional-grade GPUs available to anyone at the lowest cost in the market.
How?
Geo-distributed clustering of otherwise idle GPUs using a unique, Ray-based solution.
@ionet has the potential to level the playing field in a hyper-growth industry dominated by tech giants that monopolize compute resources globally (no wonder customer relations are "tense" lol).
$IO is likely highly undervalued and it's no coincidence that it's up almost 10% on the week, outperforming most majors including $BTC, $ETH and $SOL.
DYOR anon.
QUOTING @BloombergTV
Nvidia CEO Jensen Huang says relations with some customers are tense because they can't keep up with demand for the new Blackwell chips. He spoke remotely to an audience at a Goldman Sachs technology conference in San Francisco t.co/uNZxYy0Ccx t.co/Jb8hbUQzSe
Nvidia CEO Jensen Huang says relations with some customers are tense because they can't keep up with demand for the new Blackwell chips. He spoke remotely to an audience at a Goldman Sachs technology conference in San Francisco t.co/uNZxYy0Ccx t.co/Jb8hbUQzSe
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How the call played out · since 12 Sep 2024
Prices as of 23 Oct 2026This piece takes a view on $IO, so that move is read against the call. Other assets it covers are shown as context, not as calls.
−90%
Moved against the call · over 2.1 years
- At publication
- $1.60
- Now
- $0.159
- vs BTC
- −93%
- After 1 month
- +19%
- After 3 months
- +153%
- After 1 year
- −59%
- High since
- +164% 14 Dec 2024
- Low since
- −94% 06 Apr 2026
Mentioned for context
Since then
Zero has written 27 more pieces on io.net and $IO since this one.
- io.net IDE tokenomics: #1 revenue DePIN at 5.3x MC/ARRBullish call on $IO
- DeAI as crypto's endgame: compute, agents and autonomous economiesOn io.net
- Why decentralized compute solves the startup GPU cost squeezeOn io.net
- Big compute is cracking: summary of the DeAI case against centralized cloudOn io.net
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish thesis is read as a call; explainers, maps and mentions are context. Not financial advice.