NVIDIA : paradigm shift or bubble? \ stacker news ~econ

NVIDIA : paradigm shift or bubble?

2022 sats \ 23 comments \ @BitcoinIsTheFuture 12 Feb econ

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

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215 sats \ 1 reply \ @grayruby 12 Feb

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.

0 sats \ 0 replies \ @BitcoinIsTheFuture OP 12 Feb

Great points. I can see that scenario playing out.

52 sats \ 2 replies \ @m00ninite 12 Feb

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

0 sats \ 1 reply \ @BitcoinIsTheFuture OP 12 Feb

Great points! They have built a huge mote basically a monopoly

0 sats \ 0 replies \ @arrivederci 13 Feb

And why beholdest thou the mote that is in thy brother's eye, but considerest not the beam that is in thine own eye?

— 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.

36 sats \ 1 reply \ @quark 12 Feb

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.

0 sats \ 0 replies \ @BitcoinIsTheFuture OP 13 Feb

Ah great corrections! I see where you are going!

31 sats \ 1 reply \ @rustaceanrob 12 Feb

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.

40 sats \ 0 replies \ @arrivederci 13 Feb

a machine learning engineer

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.

4 sats \ 0 replies \ @shado_op 12 Feb

We've only just started the digital revolution... NVIDIA have a great head start. Shift!

0 sats \ 1 reply \ @orange_crush 14 Feb

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.

0 sats \ 0 replies \ @Kathleen_Croteau 14 Feb

Right. It will be a nice jumpstart.

0 sats \ 0 replies \ @OriginalSize 13 Feb

No way they're going to make the profit to back up that valuation.

0 sats \ 0 replies \ @Bell_curve 12 Feb

What about smci ?

0 sats \ 4 replies \ @0xIlmari 12 Feb

It's an everything bubble.

0 sats \ 3 replies \ @BitcoinIsTheFuture OP 12 Feb

Even Bitcoin?

110 sats \ 1 reply \ @0xIlmari 12 Feb

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.

0 sats \ 0 replies \ @BitcoinIsTheFuture OP 13 Feb

This! Great thoughts!

0 sats \ 0 replies \ @DiracDelta 13 Feb

Bitcoin is the bubble that never pops, with the entire world always enclosed within. Forever Laura

0 sats \ 0 replies \ @PlebeiusG 12 Feb

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.

0 sats \ 0 replies \ @02bcd3eeb0 12 Feb

Priced in bitcoin it doesn't seem like a bubble, just a decently performing company

0 sats \ 1 reply \ @_stacktoshi 12 Feb

Shift, because I currently have a long position

0 sats \ 0 replies \ @BitcoinIsTheFuture OP 13 Feb

lol yup I hear yea!