Nvidia hits $3T market cap on back of AI boom
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Re: Nvidia hits $3T market cap on back of AI boom
#2Five years ago, Jensen Huang was worth $3 billion. Now he's worth sub $100 billion. Must be nice to go from Scrooge McDuck to ruler-of-the-universe level.
1- https://www.forbes.com/sites/dereksaul/2024/05/28/nvidia-ceo...
Re: Nvidia hits $3T market cap on back of AI boom
#3Five years ago, Jensen Huang was worth $3 billion. Now he's worth sub $100 billion. Must be nice to go from Scrooge McDuck to ruler-of-the-universe level. 1- https://www.forbes.com/sites/dereksaul/2024/05/28/nvidia-ceo...
This wasn't a quick success ...
Jensen started Nvidia 31-years ago.
Re: Nvidia hits $3T market cap on back of AI boom
#4There are claims that Nvidia will go bust like how Cisco did, but I think Jensen Huang knows what he is doing.
Re: Nvidia hits $3T market cap on back of AI boom
#5Question for HNers: Do you think that AI is having a big enough impact already to generate this valuation? Is it changing your life?
And do you think all of Nvidia’s customers throwing money at data centres full of GPUs will cause the current generation of AIs (LLMs etc) to deliver greater and greater returns, sufficient to make Nvidia worth this current valuation and more?
WalMart’s market cap is $540billion. Would you rather own one Nvidia, or WalMart six times over?
Re: Nvidia hits $3T market cap on back of AI boom
#6There are claims that Nvidia will go bust like how Cisco did, but I think Jensen Huang knows what he is doing. https://x.com/all_in_tok/status/1796602545055342784
He's selling shovels in a gold rush, which is a solid plan.
Re: Nvidia hits $3T market cap on back of AI boom
#7Five years ago, Jensen Huang was worth $3 billion. Now he's worth sub $100 billion. Must be nice to go from Scrooge McDuck to ruler-of-the-universe level. 1- https://www.forbes.com/sites/dereksaul/2024/05/28/nvidia-ceo...
I don't know. There are some benefits to be sure, but I figure that above some threshold (and 3B is definitely above that threshold) it becomes difficult to make new friends without worrying about their ulterior motives.
Re: Nvidia hits $3T market cap on back of AI boom
#8Question for HNers: Do you think that AI is having a big enough impact already to generate this valuation? Is it changing your life? And do you think all of Nvidia’s customers throwing money at data centres full of GPUs will cause the current generation of AIs (LLMs etc) to deliver greater and greater returns, sufficient to make Nvidia worth this current valuation and more? WalMart’s market cap is $540billion. Would…
Yes. For the last 20 years. Many of the largest applications aren't ones you're aware of or ever see directly. Most of Google's revenue, to pick one example. For every flashy start-up or cool open source project, there is an army of people quietly delivering 10% relative improvements that drive $100M revenue lift in their particular niche at a huge company.
Re: Nvidia hits $3T market cap on back of AI boom
#9Question for HNers: Do you think that AI is having a big enough impact already to generate this valuation? Is it changing your life? And do you think all of Nvidia’s customers throwing money at data centres full of GPUs will cause the current generation of AIs (LLMs etc) to deliver greater and greater returns, sufficient to make Nvidia worth this current valuation and more? WalMart’s market cap is $540billion. Would…
The market is "pricing in" this future potential.
With Walmart, it's hard to speculate what ground-breaking future potential they might have that isn't already known.
Re: Nvidia hits $3T market cap on back of AI boom
#10Question for HNers: Do you think that AI is having a big enough impact already to generate this valuation? Is it changing your life? And do you think all of Nvidia’s customers throwing money at data centres full of GPUs will cause the current generation of AIs (LLMs etc) to deliver greater and greater returns, sufficient to make Nvidia worth this current valuation and more? WalMart’s market cap is $540billion. Would…
> Do you think that AI is having a big enough impact already to generate this valuation? Is it changing your life?
I'm actually quite bearish on AI on the very long term (and as a trained philosopher, I don't buy into the whole AGI nonsense), but I do think AI will redefine how we interact with our computers/devices in the short-to-medium term. These days, everyone's too enamored with the generative aspect (which is, for the most park, bunk), and for whatever reason ignoring the way more value-generating aspects (synthesis, categorization, summarization, validation/invocation, etc.).