Nvidia announces financial results for first quarter fiscal 2025

Post by latchkey » Wed, May 22, 2024, 11:14 PM UTC

timy2shoes wrote: post #170

peppermint_gum wrote: post #139

This could have been AMD, but they choose to sabotage themselves with half-baked APIs that don't even support all of their GPUs. Hell, ROCm didn't even support Windows until recently. Frankly, it's shocking how bad they are at it.

Everyone talks about the chips, but Nvidia's true competitive advantage is CUDA. Only recently has PyTorch added AMD support, and benchmarks I've seen have shown that AMD has a lot of work to catch up.

Post by pylua » Wed, May 22, 2024, 11:16 PM UTC

anon291 wrote: post #79

UncleMeat wrote: post #78

Earlier quoted context omitted.

On the other hand, my uncle lost a fortune investing in a wireless networking company in the 00s. He has worked an entire career in networking and has contributed to bleeding edge systems in the area. This company had excellent tech, but ultimately didn't succeed. A lifetime of savings kaput. nvidia's p/e is also insanely high. "Wow they sure sell a shitload of product" isn't necessarily enough to justify the price.…

The vast majority of financial issues would be prevented simply by following Buffett's advice to not lose money. It's tongue in cheek, but he's correct. Suppose you have a great idea for investing. It doesn't matter how good it is... don't put your life savings into it. If you do this you will make money. Investing is mostly about not losing money.

Post by Havoc » Wed, May 22, 2024, 11:18 PM UTC

MangoCoffee wrote: post #55

nabla9 wrote: post #19

Bloomberg consensus data expectations YoY were: 400% earnings growth and 242% revenue growth. The reality was 461% earnings growth (629% GAAP) 262% revenue growth. 78.9% gross margin. Nvidia did it again.

Intel could get lucky like Nvidia if Intel doesn't buy back stock and instead spends money on R&D. edit: "Intel CEO Pat Gelsinger raised a few eyebrows by attributing Nvidia's current dominance of the AI market to luck" - https://www.extremetech.com/computing/nvidia-engineer-respon... .

Post by floatinglotus » Wed, May 22, 2024, 11:20 PM UTC

lumost wrote: post #195

panarky wrote: post #153

Earlier quoted context omitted.

> Investing is mostly about not losing money Counterintuitively, when I focus hard on not losing money, I become too risk averse, I fail to take appropriate risk, and my returns are stuck in the low single digits. I can't count the times I sold great companies like Apple and Netflix and Tesla years too early because I was afraid to lose money and wanted to "lock in" a 50% gain. By focusing on potential for high retur…

This is where a diversified portfolio makes sense. It's completely fine to take a "big bet" on what would amount to a years worth of returns/cash investment every now and then. But many great opportunities have already been priced appropriately, so the extra concentration of risk doesn't yield a great return. If one was to be able to simply select the 50% of companies which perform better than the rest of the field.…

Post by shostack » Wed, May 22, 2024, 11:27 PM UTC

crtified wrote: post #198

shostack wrote: post #182

Earlier quoted context omitted.

I'll do it one better. As a gamer when I was younger, I knew they were the future. I asked for shares for my bday at the time and got them at least at $22.88 a share as that's as far back as my records go.

Nice one! :) When I read that undeniably impressive anecdote, what really stands out is not the shares or the money - it's the incredible childhood you had, the smart and organised parents who raised you in a way that you'd even understand those notions at a young age, and be in a position to enable them. The way I was raised, I could top my schoolmates academically no problem, but the concepts and methods for creati…