Rich man complains investors saw through his circular financing scam to artificially inflate his
criminal gang’senterprise’s stock price.People just cashing out into other ventures it is easier to double your money elsewhere than Nvidia reach 10 trillion.
aww, Jacket man fall down go boom?
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.
Add a few personality disorders and it starts to make sense.
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.
Pretended to make a bunch of money. Stock buybacks and investing in AI companies so they’ll buy your hardware doesn’t count.
In a gold rush, the real money is in selling shovels. But you have to take cash upfront.
Yeah, they did some shifty stuff to pad their numbers. They still made an absurd amount of money.
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.
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!
The entire market saw the US government shovelling money in to your loading dock, Jennie. The market may be ignorant, but they’re not stupid.
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.
Yes as we all know, the nuclear furnace that is the sun depends on Nvidia.
Smoke some more sparky.
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.
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.
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
Yeah, our memory prices have been affected too by the stupid AI shit.
Well, most of that “incredible” quarter was just IOU’s from Sam Altman.
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/.
CEO complains that his blatant circular investment infinite money glitch isn’t convincing people that these perpetually unprofitable businesses aren’t actually worth investing in.
He’s had an ego like this for a long time. I’m glad more people see it now.
No one will appreciate when you crash the entire economy either you greedy cow
“If we delivered a bad quarter, it is evidence there’s an AI bubble. If we delivered a great quarter, we are fueling the AI bubble.”
The proper way to read this is:
“We absolutely, 100% are in an already over inflated bubble, therefore if we deliver a bad quarter it could be a sign of the bubble popping. If we deliver a good quarter, we are fueling the bubble further”
I wonder how the quarters are going to look next year when OpenAI cannot pay Oracle 6 times their current revenue in contracts, and therefore Oracle won’t deliver the contracted Data Center capacity requiring 2 non-existen Hoover Dams worth of power to run them and therefore NVidia will be left holding the bag on millions of commissioned but not sold GPUs
