Here comes the push.

  • spudwart@spudwart.com
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    1 year ago

    This is precisely why they’re panicked. They’ve just had record stock numbers, record income, record everything. This system depends on constant growth. They need to keep that growth going or the shareholders will pull out, and it will cause their stock to crash.

    This all built up just like the Crypto-Rush of 2020-2021. Which you can see in the chart. It went up, peaked, and then dropped when crypto crashed. They’re betting big on AI, when it turns out AI isn’t as profitable as they thought it would be, it will crash also.

    • misk@sopuli.xyzOP
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      1 year ago

      You seem to change narrative / move goalposts with every response.

      Nvidia is okay, nobody expects another 1000% stock price increase. Crypto mania is a faint memory when looking at the profits from ML. They can’t keep up with demand to the point of partially dropping some market segments. Their customers will keep gobbling up hardware for foreseeable future because there are legitimate uses for it and data scientists / engineers will keep processing larger and larger datasets.

      If anything, they’re likely scared of competition from big tech players doing custom chips. Amazon, Google, Microsoft all sell cloud computing resources and already do own sillicon design. They’re definitely looking to have piece of that “AI” pie too.

      Nvidia puts out sleazy statements like the one I’ve linked to nudge regulators to make that pie even bigger.