321–330 of 379 posts
Somehow I wish it weren't true because I hate monopolies in any markets. Nvidia has been enjoying their absurd premium on consumer and production GPUs and intentionally removed the NVLink capability in the GeForce 4090 series (3090 had them) to avoid cannibalizing their A100 and H100 business. With NVLink, people could chain multiple GPUs and increase the overall VRAM without much reduction in bandwidth. But without…
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AMD has rocm and added a CUDA compat layer to it. Nvidia is in the limelight, but their product (GPU compute) is a commodity. Once someone else has it cheaper, then it’s a race to the bottom.
They did not add a compat layer, where did you get this? The recent news was about AMD giving up on that path.
They still funded it and it was created.
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Not dissimilar from the conversations around Apple. They have made products so much better than any of the competitors people want to force them to change.
People want Apple to change because they can't handle Apple making such amazing products? That's certainly a brand new take. Elaborate?
If Android were superior, no one would care what Apple did. Everyone would simply use Android.
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There's a ton of it: here's one person's regression. You can find the same in academic papers (although economics papers don't exactly deserve that label). https://www.currentmarketvaluation.com/posts/sp500pe-vs-inte... It's also just common sense if you understand company valuation.
It's not 1:1, and only fits over long periods of time. Furthermore, none of those studies encompass the great money printing period of COVID, and post COVID . And most of those studies model the 10Y rate vs stocks. The 10Y rate is not the risk free rate. In 2000 the SP500 PE was 40, and fed funds was 6%. it's low 20s now, and fed funds is 5.25% studies over more recent times have shown this correlation break down. It…
I mean realistically the US will just print the money it needs to pay that interest.
It’s not a consequence-free decision for them, but much better than defaulting.
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Do you work in tech in the United States? Congratulations, you’re one of the wealthiest people on the planet. That’s one hell of a market advantage.
Nothing like what it would have been without a non-stop flood of H-1Bs
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Society isn’t shaped just by current laws, but also by where we want things to go. If the current situations is undesirable, changing laws and regulations is the way to change it. (Of course actually enforcing current laws and regulations can also go a long way in many cases…)
Sounds like it's just undesirable to you. (I don't own any Nvidia stock). Their growth to their current position in the market was organic. You don't just break down big companies for no reason other than them being big. If we did, there's a long line of companies ahead of Nvidia to be broken up first.
A market failure is a market failure.
There’s a big lobby on HN who want to defend or minimize or justify leaving market failures be, which is weird given they’re really bad for most people on HN, it’s a free country.
But let’s call it what it is.
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Don't take financial advice from hacker news. Go to the bogleheads wiki, get a handle on your personal finances, then invest using a standard 3 fund spread in index funds. Picking individual stocks is just gambling.
Don't take this advice unless you want massively subpar returns. The idea that picking individual companies is "gambling" is quite frankly ridiculous. The information around NVidia being a great company has been around for years and years and was obvious to anyone who took a look at the company performance. The same is true for companies like Netflix or Shopify. I invested in all three of the these companies for the…
In the legendary books Securities Analysis and The Intelligent Investor they recommend this approach if you are serious about researching and they also recommend diversifying into a variety of stocks - certainly more than 3.
Personally I like your approach much more and it’s why I’m building https://ultimatestockpicker.com.
I feel like there’s a ton of money rushing into the SP500 and it’s juicing the valuations far too high while there are great companies out there trading at a PE of 5-10.
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This is great advice for most. But the more people who do this, the more overvalued the indexes will become, and the more capital-starved the non-index companies will become (even though they are still very good businesses!).
Don't hate the player, hate the game.
Just explaining why I’m taking the road less travelled.
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Alright, fair point, but that is also why they missed out on the AI boom.
As if it was just there for the taking. AMD doesn't have the money to do what Nvidia does
They were in the same ballpark until the past coupld of quarters. Nvidia laid the groundwork for this ages ago by developing drivers that play nice with NN.
AMD could easily have done the same at the time, and can do so now.
Even if it costs $1b-$10b to do it, AMD can afford it and it’s worth doing. They’ve got $55b in equity, and a huge $280b market cap to issue more stock into. [https:valustox.com/AMD]
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It's not 1:1, and only fits over long periods of time. Furthermore, none of those studies encompass the great money printing period of COVID, and post COVID . And most of those studies model the 10Y rate vs stocks. The 10Y rate is not the risk free rate. In 2000 the SP500 PE was 40, and fed funds was 6%. it's low 20s now, and fed funds is 5.25% studies over more recent times have shown this correlation break down. It…
If a 10 yr T bill isn’t risk free, what is? A shorter term US Gov bond? I mean realistically the US will just print the money it needs to pay that interest. It’s not a consequence-free decision for them, but much better than defaulting.