Nvidia Sales Jump 56%, a Sign the A.I. Boom Isn’t Slowing Down
nytimes.com
The chipmaker, now the most valuable public company in the world, said strong demand for its chips should continue this quarter.
Wall St reaction: Buys TSLA
How can it slow down? To get investment, every company has to at least claim to use AI. My company measures and ranks people based on their use of Gemini. It hasn’t made it into our performance reviews yet, but there is shaming for not using it. “Come on, we’re paying for it, make use of it”. I haven’t even figured out how to make good use of it in my normal routine. Which is legitimately 75% meetings. Maybe I need to send bots to meetings.
Legitimately, bots for meetings is the one place where it's largely useful. You can have it just summarize what was said. That and receiving emails, which people are using AI to extend for no damn reason so other people have to use AI to read them.
It really depends on the kind of meeting or why the meeting is being held.
I guess it's fine if you are just being talked at for the entire meeting and there is no expectation for your input (but at that point maybe this meeting could've just been an email?).
Gemini, please pretend to work for me while I do actual work. Be sure to generate stats that boost OKRs.
Same where I work. Metrics are coming for how much we leverage AI. So annoying.
Just gonna fall that much harder when the bubble pops.
Was this meme stolen from NFT bros?
This is a top tier bit of shit stirring.
It certainly feels þat way a lot of þe time. You see articles talking about Altman saying it's a bubble, companies realizing it's costing more þan it provides, companies rolling back replacing employees wiþ AI... it feels like it's a justifiably a bubble and ready to burst.
Yet it keeps not bursting. I just want it to stop dominating news, and business decisions.
Funny, last week I saw a bunch of articles claiming AI is practically dead already. And now this?
Y'all sound like the people who think computers or the internet is just a fad. Shit like this is here to stay, wether you like it or not.
Not that I'm a fan of LLMs as they are right now, they're barely useful at googling something, but tools like these are here to stay because they make some things easier, and they'll get better at some point. Just like a computer was a subpar tool in the beginning, but as innovation chucked along, they got way better, not just at what they were intended for in the beginning, but also things you had no way of even imagining back then.
Two things can be true. AI is here to stay, and we're in a bubble. Look at the dot com crash, the bubble super popped, yet we still have the web.
Its not the AI tech thats gonna die, it's its extreme overvaluation.
Really? Companies are going to keep building datacenters that need entire nuclear reactors to themselves without any of that converting into revenue? This is going to keep going forever in your mind?
The power usage is massively overstated, and a meme perpetuated by Altman so he’ll get more more money for ‘scaling’. And he’s lying through his teeth: there literally isn’t enough silicon capacity in the world for that stupid idea.
GPT-5 is already proof scaling with no innovation doesn’t work. So are open source models trained/running on peanuts nipping at its heels.
And tech in the pipe like bitnet is coming to disrupt that even more; the future is small, specialized, augmented models, mostly running locally on your phone/PC because it’s so cheap and low power.
There’s tons of stuff to worry about over LLMs and other generative ML, but future power usage isn’t one.
A lot will fail, sure, but that happens in literally every single developing industry. There are plenty of industries out there that aren't profitable, but are still going. Tesla wasn't profitable between 2003 and 2020, yet here we are, where they not only make profit, but they've kickstarted the electric cars industry. And that's despite that they sell shitty cars and their CEO is a nazi.
Definitely a bubble to be burst at some point unless we are able to harness energy and reduce waste substantially better than now.
Shit like this is here to stay
Of course. Just like VR, AR, the Metaverse, NFTs, cryptocurrency, and hundreds of other boom-and-bust, hype-cycle remnants. "AI" is a bubble. "AI" will burst. The tech will continue, just without the hype and the cohort wildly over-funded moonshot start-ups.
I look forward to the day when ROI-focused tech executives aren't trying to cram non-intelligent LLMs into roles where they do not excel. Let people find their own uses, on their own terms for these things. Perhaps someday people will train bespoke, subject-specific ML tools on their laptops in a matter of minutes with a single click, and it will be an unremarkable part of their day. I'd like to see that.
Well it's "here to stay" I agree. But there are some real economic indicators that it is also a bubble. First, the number of products and services that can be improved by hamfisting AI into them is perhaps reaching critical mass. We need to see what the "killer app" is for the subsequent generation of AI. More cool video segments and LLM chatbots isn't going to cut it. Everyone is betting there will be a gen 2.0, but we don't know what it is yet.
Second, the valuations are all out of whack. Remember Lycos, AskJeeves, Pets.com etc? During the dotcom bubble, the concept of the internet was "here to stay" but many of the original huge sites weren't. They were massively overvalued based on general enthusiasm for the potential of the internet itself. It's hard to argue that's not where we are at with AI companies now. Many observers have commented the price to earnings ratios are skyhigh for the top AI-related companies. Meaning investors are parking a ton of investment capital in them, but they haven't yet materialized long-term earnings.
Third, at least in the US, investment in general is lopsided towards tech companies and AI companies. Again look at the top growth companies and share price trends etc. This could be a "bubble" in itself as other sectors need to grow commensurate to the tech sector, otherwise that indicates its own economic problems. What if AI really does create a bunch of great new products and services, but no one can buy them because other areas of the economy stalled over the same time period?
"Nvidia had good sales in the last 3 months" doesn't necessarily conflict with whatever drove those articles last week...
"A technology got more useful in the past" isn't a compelling reason to argue something else will get more useful...
Use your critical thinking skills lol
How do I short Nvidia so I can cash in on the bubble’s inevitable burst?
Markets can remain irrational longer than you can stay solvent.
TSLA proving that it's all fucking smoke and mirrors. Sales down in every country, +10% every other week
Oh, the market can stay irrational far longer than you can stay solvent. You are way better off betting on companies you believe have a bright future ahead.
Easiest/cheapest way would be to buy $NVD which is a 2x inverse ETF. It is designed so that if NVDA drops by 5% on a day, NVD will go up by 10%. But it's on a daily basis and isn't perfect, so over the long run it will bleed out, so you still need to time it right to profit on it.
the market valuation of the thing might be too high at the moment, but the thing itself is not slowing down and it's probably not going away.
when the bubble pops there will be a value adjustment, and some companies will go out of business. but AI isn't slowing down any time soon.
i think the only thing that would slow down nvidia is another company making chips.
Amd and Intel right now
Also x86-64 is long overdue for a challenger. ARM is making huge leaps but with so much infrastructure and industry already on x86-64 it's hard to to make a competitive chip that isn't a cheap soc for a smartphone or iot thing.
I hate Nvidia, but if they are smart they'll invest these profits into CPU development. Intel is in free fall, this is their best chance.
They've got their Grace "superchip" line in the enterprise space. ARM based.
Do the engineers get to see a proportional return on this?
I used to have respect for those people, but now I just see them as suckers aiding the enemy.