I sold off my Nvidia stock about 3-4 weeks ago in the effort of divesting myself of all the AI futures. I also had sold off Amazon, MS, Intel, etc. (I never owned Tesla). With the money I bought Berkshire Hathaway, med tech/pharm stocks and stock of my local energy supplier since they hiked my rates those MFers, as well as a chip corp opening a fab here. Also can’t go wrong with MC. I keep away from crypto and consider AI a poison pill… worse than the real estate bubble in the early 2000s. Just want to say, I am not a huge investor… I just decided to buy stocks instead of shoes cuz they take up less space and tend to increase in value vs lose value. No one sells their shoes.
I also moved some money into European and Asian stocks.
I made good money off nvidia. Not going to be a bag holder.
nvidia/AI tech is hoping another industry will be the bag holder, thats why they are peddling to retail/service industries.
Passing the same $300 billion dollars back and forth between 5 companies does not make a great quarter ya nob, everyone sees how close the game is to falling apart.
Yup. Sounds like a Ponzi scheme.
its like latchcomb, they keep passing it to whoever so the spike trap doesnt activate.
Rich man complains investors saw through his circular financing scam to artificially inflate his
criminal gang’senterprise’s stock price.Meanwhile on the Titanic:
“People are getting so upset about a little water in the hull. They clearly don’t appreciate how great the trip has been so far!”
now they are interested in linux
coward bitches
The market didn’t appreciate that you had a good quarter?
The fuck kind of bullshit logic is that?
Let me fix that phrasing: “One of the richest men in the world complains that others did not give him more money after his business made so much money.”
What a sad existence. Find some other form of validation, dude.
He pulled the same BS during covid, record profits and sales of the 30-series cards and he tells investors on a call “don’t worry, we’re going to get through this” as people started going back to work.
Pretended to make a bunch of money. Stock buybacks and giving AI companies money so they’ll use it to buy your hardware doesn’t count.
In a gold rush, the real money is in selling shovels. But you have to take cash upfront.
Which is fine and dandy until the gold miners realize that they aren’t going to find enough gold to make it worthwhile and stop buying shovels and the market value of your company depends on your ability to continue selling shovels. Twenty five years after the dot com bubble burst, shovel seller Cisco is only just now reaching the same stock price they peaked at in early April of 2000.
Market cap is just share price times the number of shares. Can potentially be completely divorced from how well your company is actually doing. Conversely, a drop or rise in market cap doesn’t have to mean your company is doing better or worse. If you’re selling shovels, you still have the money when the music stops.
Yeah, they did some shifty stuff to pad their numbers. They still made an absurd amount of money.
I never understood how capitalists claim market prices are the true source of truth and yet disagree with it when it’s not the outcome they like.
That’s the neat part, it’s a scam
In a true free market stock prices would become totally random noise. Even the best capitalist theorists (economists) came to this conclusion.
Capitalist theorists, you say? I call them astrologers for the wealthy.
capitalists claim market prices are the true source of truth
Until any sizable amount decides to sell and it all falls apart because it’s actually not the source of truth lol.
Add a few personality disorders and it starts to make sense.
the CEO said. “We’re basically holding the planet together — and it’s not untrue.”
No. No dude. No. Quite the opposite.
These billionaire fucks are completely delusional. They have to go.
What I heard from scientists is claims need validation, I say we need power in our experimental setup to verify claims. Jensen says he is holding the planet together, so, let’s eliminate Jensen and his next 5 in command in NVIDIA, n=6, and see if the planet breaks down. As a control, we cull Musk and his next 5 in command in Tesla and SpaceX. If the planet doesn’t break down, we start doing it internationally to billionaires till there’s a sign of a breakdown so we find out, empirically, how many billionaires are needed to support the planet. If we run out of billionaires before the planet breaks down, then the conclusion is the planet doesn’t need billionaires. Who else wants to do science?
Eh, I still want x86 to go the way of the dodo.
ARM too. RISC-V or bust. The whole Nuvia thing means that SoftBank can’t be trusted.
RISC-V is sooo cool I hope it ends up being used more in consumer products
Nooooo! All my stuff is there!
🫧
People just cashing out into other ventures it is easier to double your money elsewhere than Nvidia reach 10 trillion.
The arrogance in some of those quotes. Holy shit.
Jensen, you and your entire company could disappear without a trace, today, and the world would be just fine.
Probably better, in fact.
Much better
I get your hate, but there would be significant turmoil in the world if the largest and most advanced GPU provider disappeared. So you’re sorta lying.
Scientific advances would slow and engineering tasks would also suffer from the lack of capability to run simulations. Eventually, AMD and Intel would pick up the slack and the world would start doing well again.
Nah, we would just get great bargain basement prices on GPUs.
Yes as we all know, the nuclear furnace that is the sun depends on Nvidia.
Smoke some more sparky.
I really miss the time we just considered Nvidia as a great source for graphics cards on our gaming computers.
Yes, but, let’s speculate a second.
Jensen is just a guy, nvidia is just a company. If they both disappeared, the people who are actually responsible for the company to be “one of the largest and most advanced” in the industry would still exist.
They have a specific skillset that would then be in demand. Let’s say three or four of these people open new GPU chipset companies to fill the void with backing from desperate investors.
Now you have three or four advanced GPU providers all competing with each other. Who benefits the most from this?
Consumers. Us.
Calling someone a liar isn’t a great way to start a discussion.
First of all, you’re lying and completely wrong.
Second of all, I agree.
Jensen doesn’t seem to realize that the only company profiting from AI is nvidia, and they’re profiting from companies that are losing money on AI. It’s a very fragile ecosystem being over-inflated. A bubble, if you will.
Which is fine and dandy when you’re paying fat dividends and not treating the inflated stock as the end goal itself.
Nvidia’s annual dividend was .022%
To put that into perspective, Shell’s is 3.83% and McDonald’s is 2.41%.
Nvidia is showing all the signs of a business that has lost the plot. They’re spending all their actual profit on buying their own products for other businesses and calling it an investment into infrastructure.
aww, Jacket man fall down go boom?
Well, most of that “incredible” quarter was just IOU’s from Sam Altman.
Oh, the guy who intimated that the US gov will have to bail their asses out because their futures were TBTF. I will be happy to see that guy in prison for his pyramid schemes.
IOUs backed in turn by IOUs
IOUs backed in IOUs that are from Nvidia, just a circle where no money actually changes hands
iou-ception, kiting ious/.
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The stock is down because the Overton window has shifted. Two or three months ago, AI was the future and question that was lunacy. Now it is a mainstream point of discussion that AI is a giant bubble, that it is entirely likely to pop at some point, and that the efforts pushing it so hard are bordering on irrational given the actual capability of the product.
If AI bubble pops, Nvidia loses. No more big tech companies with blank checks and open orders for AI chips that basically amount to ‘please send us as many AI chips as you can manufacture whatever it costs we will pay’.
And, if anything there may be a surplus of AI chips and hardware in the market as companies that have built entire data centers for AI suddenly realize that paying millions for electricity so online idiots can generate videos of cats racing Roombas down F1 tracks is not a trillion-dollar business model.
I’ll just be happy when gamers are able to get used GPUs at prices similar to “crypto crash” era or maybe even cheaper. That’s one of the reasons I’m rooting for this bubble to pop.
woo hoo! I am thinking about the tower of my son’s gaming computer who’s nvidia card died… and they were total dicks about replacing it. I can’t wait to buy a better one at a major loss to them off ebay.
Sadly I think you may be disappointed. The GPUs used for AI are not typical graphics GPUs, they aren’t on PCIe cards with video ports. They are set up in configurations designed to cram as many chips as possible into as small a space as possible while still providing power and cooling for 100% output on all of them.
There still are a high amount of 4090s, modified 4080s, and 5090s in AI deployment (especially for their cost compared to the specialized stuff). It probably won’t be the vast majority of cards, but it’ll be nice to see in the used market.
I live in silicon valley, once that bubble bursts I’m going straight to craigslist and ebay lol
I am with you man… going to the fire sales, second hand all the way. Even now… all my holiday purchases are secondhand, ebay, thrift, flea market purchases. Fuck the corporations.
I’m kinda in the same boat. My main box was used, only a couple hundred bucks and it’s served me pretty well. Same thing with all my other personal PCs for the last 5-7 years.
If you’re not gaming, the benefit of going new is pretty limited. The hardware outpaced the software.
they can be adapted, and will be in order to sell them.
Perhaps, but if that involves desoldering BGA chips and remounting them on new cards, do you really think someone’s gonna bother to do that?
Especially if the chips are optimized for AI and don’t perform well for games?
Yeah, our memory prices have been affected too by the stupid AI shit.
