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.
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.
“We’re basically holding the planet together — and it’s not untrue.”
So he admits that it’s a bubble set to burst.
No one will appreciate when you crash the entire economy either you greedy cow
He’s had an ego like this for a long time. I’m glad more people see it now.
“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
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.
Eh, I still want x86 to go the way of the dodo.
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 giving AI companies money so they’ll use it to buy your hardware doesn’t count.
Yeah, they did some shifty stuff to pad their numbers. They still made an absurd amount of money.
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.
Yeah because more information has come out about Nvidias fraudulent investing and valuation.
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
CEO complains that his blatant circular investment infinite money glitch isn’t convincing people that these perpetually unprofitable businesses are actually worth further investment.
Those figures are just as virtual as the “success” of these fools. Sadly the damage done by this gigantic bubble is already very concrete, but its explosion might have terrible consequences for a lot of honest people.
The market doesn’t give a shit about you or your company. The people who bet lots of money on your company’s success or failure give a shit about whether your company is a pile of rubble in x amount of time when they can cash out.
Should be illegal for a company to comment on the stock market. It’s basically manipulation.
