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Nvidia is being a bubble stock again
(pivot-to-ai.com)
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this post was submitted on 25 Jun 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
This is not debate club. Unless it’s amusing debate.
For actually-good tech, you want our NotAwfulTech community
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I think this "AI" (a marketing term) bubble will flop per the article we linked in the post: this is a bubble fueled entirely by investors, mostly VC, throwing money into a fire of unprofitable businesses selling services at a loss that don't actually work.
I spoke to a pile of AI industry peons who think the VCs will get sick of setting money on fire by the end of this year. I woulda given it two years myself - there are hundreds of billions of dollars desperate for a home - but the number I was consistently hearing in March was "three quarters".
Maybe the Nvidia price will weather it. It took a hit when crypto crashed, though not a huge one.
The next AI winter can't come too soon. They're spinning up coal-fired power plants to supply the energy required to build these LLMs.
The link you provide above stalls, so IDK what that is about.
I don't agree that AI is just a marketing term, although it probably is used in that way by many, it is not when it comes to Nvidia, who has the by far most popular hardware to drive AI software. And Nvidia is already making a lot of money on selling hardware for AI, and even lower tier suppliers claim the demand is crazy for AI hardware.
Do you mean venture capitalists? It's very annoying to have to guess the meaning of a 2 letter acronym. For Christ sake how many meaning do you think VC has?
What special contact do industry peons have with venture capitalists? That doesn't make any sense. Also I don't believe this is driven by venture capitalists at all.
All the biggest companies like Microsoft, Google, Facebook etc are making huge investments in their own implementations, implementations that cannot even be finished this year because of supply shortages. This is not about upstarts, but all the biggest existing companies investing huge amounts of money. Upstarts funded by Venture capitalists are not even a blip on the radar.
So saying 3 quarters is absolute bullocks, that doesn't even cover NVIDIA's back orders!
Nope, there is actual crazy demand. But how crazy in the longer run remains to be seen.
we're talking about a frequently used initialism on this community, which you may want to read more of, or not. Did you find this post by keyword searching?
Bragging how you didn't read something is also ill-favoured here.
shit, thanks to the orange site and tech hypercapitalism in general, VC in the investing sense is an incredibly commonly-used term everywhere in the industry. so between them pretending your site won’t load and flip-flopping between being a tech investing expert and someone who apparently doesn’t know fuck about shit… well, you know what I’m thinking
WTF? Your shitty link to some private blog doesn't work, but apparently you can't make a proper response to the above.
I just mention I couldn't read it for completeness on my side.
VC is not a tech term, you are being lazy and apparently don't care about ambiguities in what you write.
And unless it means something different here than I guessed, your point was irrelevant. Venture capitalists are irrelevant to the boom of AI.
You also don't explain how actual demand can be a bubble.
every edit you make just digs the hole deeper
so just to confirm: you’re a tech investing expert who posts on Lemmy but doesn’t know about archive links or extremely common tech investing acronyms? is that correct?
it actually stands for Vuy nCidia
why in fuck would you want to invest in the Wii Virtual Console after Nintendo shut it down?
look everyone knows Vice.Com is in a death spiral now that the parent company has been gutted
why’s everyone looking so confused
to buy nVidia cards,duh
You are a moron, VC does not stand for one thing, and you haven't either denied nor confirmed what you meant. This makes you an actual troll in this context.
I have hereby blocked you.
I have hereby laughed my entire ass off
David I have terrible news about your co-admin:
they’re an actual troll in this and every context and I have thereby blocked them
btw if you go to the dude's home profile he tried to delete all his comments to this thread to cover his trail
unfortunately, he's banned from this server, so his deletes didn't make it here
I was having a shitty day but laughing at your tantrum brightened it a little. Thanks!
*throwing a fedora like a shuriken* haha, consider yourself blocked good sir!
Please touch grass.