Nvidia is now the 4th most valuable public company in the world, worth $1.84 trillion.
Today, Nvidia's market cap passed both Google and Amazon for the first time in history.
Since January 1st, Nvidia has officially added $650 BILLION in market cap.
That's more than the entire value of Tesla in less than 6 weeks.
Truly incredible.
Paradigm Shift38.7%
Bubble61.3%
31 votes \ poll ended
Both. It can be a transcendent company that will power the future of AI and still have the next ten years of growth already priced in.
I expect Nvidia will have a lost decade at some point.
Great points. I can see that scenario playing out.
Nvidia is playing the long game. They've been investing in CUDA for over a decade in their gaming GPUs, without a clear use case for games. They're finally at the point where they can ditch gamers, and they seem to be actively doing that with their pricing.
That said, they basically have no meaningful competition. If another company came by and built a drop-in replacement that's faster, Nvidia is toast
Great points! They have built a huge mote basically a monopoly
— Matthew 7:1–5 KJV
(Not that I'm a biblical scholar; only know this verse because I once read Larry Niven's The Mote in God's Eye.)
Think the word you wanted was moat.
It feels like a bubble. But AI still has a lot to evolve. It needs more trillions. We had a good alarm at the incoming AI bubble a year ago when there was a lot of new scam shitcoins related to AI being created.
Ah great corrections! I see where you are going!
I was formerly a machine learning engineer. I think this is a big bubble. These are glorified autocorrection models that cost lots of money to run. LLMs are a massive leap for programmer productivity, but they are only an augmentation and a tool for the best builders. It still takes someone with skill and creativity to build a great product. As for other use cases, if you can be replaced by a New York Times emulating essay machine, perhaps you should expand your set of skills. https://www.youtube.com/watch?v=VHHT6W-N0ak
Appreciate that you called yourself this (rather than use the term 'AI'), and appreciate your informed perspective.
I believe that machine learning is a powerful technology and will have extensive applications. But I am an 'artificial intelligence' sceptic, as while I do believe that machines can learn, I don't think they can ever develop intelligence, or consciousness, or understanding.
I doubt they have the ability to effectively deploy capital to increase production sufficient to justify this valuation from sales alone. However, if they take the bitmain model of premining with their newest hardware, they can prop up their new service division while they slowly ramp up production to meet customer demand.
Right. It will be a nice jumpstart.
No way they're going to make the profit to back up that valuation.
What about smci ?
It's an everything bubble.
Even Bitcoin?
Yes, it's partially pumping due to the system being flushed with fiat trash money. All valuations are bonkers.
But it is also in part the ETFs generating interest, monkeys aping into the bull run, halving, and generally moving along the S-curve of adoption.
This! Great thoughts!
Bitcoin is the bubble that never pops, with the entire world always enclosed within. Forever Laura
George Hotz is also working on AI chips with TinyGrad.
AI will change the world once built out. This shit is still research phase and its mind blowing.
No part of both tech and modern work will be untouched. World changing.
Priced in bitcoin it doesn't seem like a bubble, just a decently performing company
Shift, because I currently have a long position
lol yup I hear yea!
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