Apparently, it's all luck according to Patty Cakes.

Intel CEO says Nvidia’s AI dominance is pure luck — Nvidia VP fires back, says Intel lacked vision and execution | Tom's Hardware (tomshardware.com)

I guess Jensen put all his SPECIAL perk points into Luck.

DavenApparently, it's all luck according to Patty Cakes.

Intel CEO says Nvidia’s AI dominance is pure luck — Nvidia VP fires back, says Intel lacked vision and execution | Tom's Hardware (tomshardware.com)

I guess Jensen put all his SPECIAL perk points into Luck.

Luck and being at the right place at the right time ALWAYS plays a part in any success

My only regret is I should have put more money into their stock a year or so ago.

That is how the game goes, they were into the AI sphere early and its gone bonkers. I am shocked its ahead of Microsoft.

Why so shocked? The stock markets are an even bigger money pit than crypto markets, the ones really holding the bag at the end of this "bull run" will probably see stars in the day especially when they can't monetize "AI" as they needed to :rolleyes:

Oh & the investment banker always takes his cut so there's that!

Well maybe now, Jacket Man will splurge on some NEW jackets, different style, color, cut etc...instead of more of the same ole same same ones that he already has like 10K of, heeheehee :)

As long as my dividend checks keep coming, in ever-increasing amounts, I'd be ok with this......

But seriously, this is typical for tech companies, catch the wave early, ride it hard, and enjoy the spoils.... but I hate to think what will happen when the machine take over everything & eliminates Jacket Man & 99.99% of their staff... bubble buster anyone ?

HxxMy only regret is I should have put more money into their stock a year or so ago.

Same, feels too close now to the bubble bursting, but I should have bough shares in Nv and AMD years ago. 20/20 hindsight naturally.

wolfSame, feels too close now to the bubble bursting, but I should have bough shares in Nv and AMD years ago. 20/20 hindsight naturally.

As in "you snooze, you lose" :D

Soooo glad I bought my shares back in the day for way, way less than they are currently going for...

How the hell do you teach your kids that he should not be greedy, that greed is bad, while the greediest company in the world, just become richer than half of countries on the Planet. Almost 4 Trillion USD. The GDP of USA is only x10 times larger, just to make an ideea what mamooth of a company nGreedia is...

Prima.Veraonly x10 times larger

Wrong. More like only x5 times larger, and this is disputable, because the real sector is much smaller.

ARFWrong. More like only x5 times larger, and this is disputable, because the real sector is much smaller.

Meh, take this to the grave ~

Power resides where men believe it resides.

3.3 trillion buys a lot of leather jackets

wolfSame, feels too close now to the bubble bursting, but I should have bough shares in Nv and AMD years ago. 20/20 hindsight naturally.

i think the term is “ Coulda shoulda woulda”
but, apple holds its value (blue chip stock) … Nvidia is a TiN stock, lol, (titanium nitride, or gold looking… you know TiN drill bits) or fools gold. will Nvidia stock hold its value?

will not last long, how many people are shorting Nvidia stock?

AI feels like a big-tech circle jerk at the moment.

It hasn't really achieved anything industry-changing yet and at the end of the day, it needs to be profitable which means customers must be willing to pay for it - which eventually means end-users like us.

AI isn't useless and definitely has a future, but right now this looks like one crazy bubble that's going to leave a lot of people standing around and wondering where their money vanished to when the dust has settled.

With the recent split, it started at 120 and in a week went to 135.

i am concerned that its a bubble at this point. Not sure if its safe to buy more.

NVidia is a good company, but largest company is a mistaken market.

NVidia's profits is just $14B last quarter. Microsoft's was like $21B. Apple is $23B.

I don't expect a "collapse" or anything, but there will be a correction.

Chrispy_AI feels like a big-tech circle jerk at the moment.

It hasn't really achieved anything industry-changing yet and at the end of the day, it needs to be profitable which means customers must be willing to pay for it - which eventually means end-users like us.

AI isn't useless and definitely has a future, but right now this looks like one crazy bubble that's going to leave a lot of people standing around and wondering where their money vanished to when the dust has settled.

NVidia is best posed to benefit from this bubble though. Tons of people are buying NVidia equipment, and when the dust settles NVidia may lose some numbers in a quarter or two, but NVidia's cash pile will be large and invested into something better. GPUs are here to stay as a dominant form of compute, even if AI itself is a bubble.

But there's no way NVidia's elevated profits will stay this high (and even with these elevated profits, NVidia has far less profits than Microsoft or Apple).

Considering it rose almost twice in size since January this screams bubble. It's not like they would die if (when) it burst, of course, but still this is beyond insane. Well, at least it looks good on GDP ratings... xD

R0H1TWhy so shocked? The stock markets are an even bigger money pit than crypto markets, the ones really holding the bag at the end of this "bull run" will probably see stars in the day especially when they can't monetize "AI" as they needed to :rolleyes:

Oh & the investment banker always takes his cut so there's that!

It's not bullshit like crypto though. It's also a vastly better use of GPUs than crypto, even more so than PC gaming. There's plenty of use for it. All that use is in getting rid of human jobs to create more money for those at the top. Which is... capitalism.

Remember the .com bubble? Except it wasn't the bubble people thought it was. Buying goods online really was the future. But the issue with the future is always it slaughters all the small players and gives birth to a few monopolies. Now everyone is on Amazon and brick and mortar stores are going away. At one point personal computers were a bubble. They didn't really do anything useful for most people. They were multi thousand dollar devices that people stored recipes on. Still more useful than PC gaming, but hardly a justification for one. Now every home has one and all work is done on them and they are in everything. Of coures this also required the mass slaughter of a lot of computer and component makers and consolidation.

The iPhone and iPad were widely mocked when they were released and they didn't work well. Now most people do most computing tasks on them. The cloud got mocked the same but now everything is there.

AI is here to stay. Like everything else it's going to take time to get there and all but the top players are going to be crushed and ruined and jobs are going to be lost left and right. That's just the way these things go. But it will get there. Amazon, Microsoft, Google, IBM, and Apple are going to be fine. Everyone that can't throw billions at it is going to be screwed. Even some who can, Elon, are already fucking up bad enough they are going to get screwed.

Considering majority of this valuation is coming from AI growth. So, supplier of raw material is valued higher than combined value of AI market at this point. Go figure!!

SOAREVERSORIt's not bullshit like crypto though.

For me the stock markets are total BS, so no just so far as we're talking about the "valuations" I see no difference.

SOAREVERSORThe cloud got mocked the same but now everything is there.

A lot of people, especially ones on tech forums like TPU, mock them for BS market8ing & rightly so. This in & of itself doesn't make or break anything in the real world ~ luck & yes timing makes a lot of difference. LG/Nokia did something similar a few years earlier than Jobs & really didn't go anywhere because they probably weren't ambitious enough & yes ~ marketing. The Symbian OS was great for its time, Nokia just didn't go full touchscreen when they needed to same goes for Blackberry!

R0H1TFor me the stock markets are total BS, so no just so far as we're talking about the "valuations" I see no difference.

Stock markets can become untethered to reality temporarily.

But at the end of the day: dividends and profits tie everything back down to reality. Eventually, companies run out of things to do with money and instead return the profits to their shareholders. Apple and Microsoft have reached this point (barely, they have small dividends... but dividends nonetheless).

But NVidia's 0.030% dividend is miniscule, and NVidia simply does not make enough profits to raise its Dividend (not at this valuation). In contrast, Pfizer is offering a 6.13% dividend. Does NVidia really think it can grown from here on out faster than Pfizer's 6.13% dividend? Or Ford (5%+ dividend).

Profits is the name of the game. If all the stock-growth is already priced in, then the Dividend-stocks take over as reliable "money making" strategy, as the growth eventually caps out as the hype-cycle ends. Its fun to ride the hype cycle up, but its difficult to choose when to get out of it (see ARK.k investing if you don't believe me).

dragontamer5788NVidia is best posed to benefit from this bubble though. Tons of people are buying NVidia equipment, and when the dust settles NVidia may lose some numbers in a quarter or two, but NVidia's cash pile will be large and invested into something better. GPUs are here to stay as a dominant form of compute, even if AI itself is a bubble.

But there's no way NVidia's elevated profits will stay this high (and even with these elevated profits, NVidia has far less profits than Microsoft or Apple).

I'd say Nvidia has capitalized on the bubble but I wouldn't say they are poised for the future of AI. The future of AI, like bitcoin, likely resides is specialized ASICs and not GPUs. ASICs will massively reduce power consumption and cost. Bigger companies like Meta and Google can afford to create their own hardware specifically optimized for their own AI models and smaller vendors don't want skyhigh datacenter / cloud costs. In order for AI to become widespread the transition away from pricey Nvidia GPUs is a requirement.

evernessinceI'd say Nvidia has capitalized on the bubble but I wouldn't say they are poised for the future of AI. The future of AI, like bitcoin, likely resides is specialized ASICs and not GPUs. ASICs will massively reduce power consumption and cost. Bigger companies like Meta and Google can afford to create their own hardware specifically optimized for their own AI models and smaller vendors don't want skyhigh datacenter / cloud costs. In order for AI to become widespread the transition away from pricey Nvidia GPUs is a requirement.

ASICs are always the solution to everything, always have been. The problem is in balancing economic benefits. An ASIC needs to be profitable if a company is to survive. Is there enough AI demand to sustain an AI-focused ASIC? Remember that a modern 3nm chip is likely a $X Billion+ investment, if not on the scale of $X0 Billions (if we include the massive software costs NVidia has incurred in making TensorFlow work with CUDA), that's a lot of zeros.

Its not like $Billion chips grow on trees. Every attempt to build a better ASIC accelerator leads to a 7nm chip (where its maybe only 100-million costs), but NVidia's 3nm $X0 Billion chip curbstomps in power-efficiency and performance anyway. How do you build a comparable chip when NVidia has a process node and money advantage?

NVidia has the benefit of relying upon the GPU market (for 64-bit scientific compute like weather modeling, physics simulations, FEA analysis, raytracing for movies, and of course video games... etc. etc.) if this AI thing ever fails. And as it turns out, a lot of AI chips have the same memory bandwidth problems that NVidia's GPUs face. So NVidia's GPUs are ideal for benefiting from AI hype, but without actually taking unnecessarily large risks like an AI-specific chip would do.

That's the thing: NVidia is the AI leader and manages to do so without taking unnecessary risks. That's an interesting position from a business perspective. I can see why people like this business. But I do think AI is bubble-hype and that this all will go down soon. So that's where my interests in NVidia lies, that the company clearly will survive an AI winter (albeit with lower valuations and lower profits).

evernessinceIn order for AI to become widespread the transition away from pricey Nvidia GPUs is a requirement.

This won't happen until after the last nodes are eek'd out. NVidia is too far ahead in raw money. When they can build 3nm when everyone else is on 7nm. And NVidia will be on 1.8nm when the rest of the world gets to 5nm. Etc. etc.

Eventually the nodes will end and ASICs will have a shot. But for now, NVidia's shear capital can sustain a lead (much like how Apple's chips sustain a process-node lead).

There's no point spending $Billion just to be beaten by NVidia anyway.

I think I prefer Nvidia to Microsoft.

R0H1TMeh, take this to the grave ~

Power resides where men believe it resides.

I recommend that you begin posting something meaningful, not the usual troll nonsense.