Amazing how high expectations were that a 56% jump in sales still led to a 3% drop in the stock.
It's very clear that the ramp for GPUs continues.
Ologn · 29m ago
NVDA had a surprise earnings on May 24, 2023, closing at $305 and opening at $385 (before the 10 for 1 split). Pretty much every earnings day since then has been the same - the numbers come out, they beat what they estimated, the stock goes down a little. People have been doom and glooming it every earnings call - you can read the threads here from May 2023, people were saying it was a bubble then, and it's over four times what it was then.
FaridIO · 1h ago
The idea that the world will ever have enough compute is ridiculous. I'm sure all of this sudden growth will need to be digested at some point, but that won't mean the industry will permanently lose a big chunk of its market cap.
boroboro4 · 46m ago
Same argument can be somewhat applied to CPUs circa 90s. The growth did stop/stalled in the end.
I think the expectation of ever growing compute is not totally crazy. It will come with lower margins eventually though, and more players in the market. It also might get much more moderate, including from hardware limitations. Efficiency wise h200->b200 isn’t as crazy as a100->h100.
nitwit005 · 28m ago
The desire for it may be without limit, but the desire to spend money on it definitely has some limitations.
sheeshkebab · 49m ago
When dot com crashed it was similar - compute use didn’t reduce, far from it, it’s just capex crashed to the ground and took 90% of Nasdaq value with it, for a few years.
andy_ppp · 1h ago
I can’t wait for how cheap compute will be during the inevitable AI winter.
blibble · 47m ago
unfortunately mostly useless 4 bit floating point
nicce · 42m ago
How is it useless?
techpineapple · 2h ago
Wouldn’t this be a lagging indicator?
kirito1337 · 2h ago
It will slow down, wait for it.
laughing_man · 2h ago
There seems to be no limit to the size of this bubble.
mocha_nate · 1h ago
i really only started hearing about AI bubble this year. with the housing bubble, people were talking about it in 2005 and it took years for it to finally break. maybe AI bubble is the same
tedsanders · 43m ago
Except the housing bubble wasn't actually a bubble. Housing prices today are much higher than in 2007. Based on realized results, the mispricing wasn't the peak of the housing bubble but the trough of the crash. With the benefit of hindsight, the peak actually undervalued how expensive housing would get. (Speaking about the US market in aggregate. Not other countries, nor localities like Las Vegas where the case for a bubble is stronger.)
blizdiddy · 2h ago
Boom and bust capitalism is completely orthogonal to AI as a technology. Capitalists are sociopathic opportunists that exploit every aspect of life, that doesn’t have anything to do with AI.
Housing bubbles existed, we still use houses. The dot com bubble existed, we are still on a dot com.
tenuousemphasis · 1h ago
What makes you think the capitalists won't train a capitalist AI?
ProjectArcturis · 2h ago
Stock is down 3% after hours.
xnx · 27m ago
Taking it all the way back to the price a week ago.
It's very clear that the ramp for GPUs continues.
I think the expectation of ever growing compute is not totally crazy. It will come with lower margins eventually though, and more players in the market. It also might get much more moderate, including from hardware limitations. Efficiency wise h200->b200 isn’t as crazy as a100->h100.
Housing bubbles existed, we still use houses. The dot com bubble existed, we are still on a dot com.