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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

#11

Post by havefunbesafe »

gizajob wrote: post #5

Question 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…

I suppose it depends if you are trying to optimize for short-term wealth, or long-term staying power.

Re: Nvidia hits $3T market cap on back of AI boom

#13

Post by Ologn »

Nvidia is worth more than Apple now ( https://companiesmarketcap.com ).

It's the second most valuable company in the world behind Microsoft, which is worth about 5% more. I would guess a lot of Microsoft's Azure capex is spend on Nvidia equipment. Windows and Intel? Azure and Nvidia!

Re: Nvidia hits $3T market cap on back of AI boom

#14

Post by riku_iki »

thefaux wrote: post #7
blackhawkC17 wrote: post #2

Five 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.

there are some multi-millionaires and billionaires clubs likely

Re: Nvidia hits $3T market cap on back of AI boom

#15

Post by up2isomorphism »

gizajob wrote: post #5

Question 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…

AI does not, either collecting/processing data does. The valuation has many factors not necessarily related to the actual impact.

Re: Nvidia hits $3T market cap on back of AI boom

#16

Post by Barrin92 »

gizajob wrote: post #5

Question 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?

No, but in general I don't think anything justifies that valuation with 60 billion in annual revenue. Someone pointed out that Nvidia's market cap is now comparable to the entire German or Japanese stock market and I'd rather have an economy the size of a few trillion. American stock prices look like Japan in the 80s when the land value of the Imperial Palace was as high as California's economy.

Re: Nvidia hits $3T market cap on back of AI boom

#18

Post by riku_iki »

alberth wrote: post #9
gizajob wrote: post #5

Question 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.

> The market is "pricing in" this future potential.

or short gain opportunity with goal to quite before crash.

Re: Nvidia hits $3T market cap on back of AI boom

#19

Post by unoti »

gizajob wrote: post #5

Question 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?

Yes, but the thing is: it takes time to write the software. We had proof of concepts for some serious game-changing things written and working over a year ago, but organizationally it takes a long time to write and deploy the things and get them into production. Even if LLM's didn't get any better than they are right now, there are still years' worth of ground-breaking improvements we could roll out but those will take time to write and deploy the software and reshape the business processes.

Re: Nvidia hits $3T market cap on back of AI boom

#20

Post by _lvbh »

gizajob wrote: post #5

Question 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?

Yes. The impact is hype and the valuation comes from other big tech companies like Google and Microsoft

> Is it changing your life?

Not really. I barely use it anymore except when there’s no internet (phi-3 was useful as an unreliable alternative to stack overflow while on a flight)

I think Nvidia is a solid company with an overblown valuation that will eventually stabilize lower but maintain its status as a major “tech” company.

> Would you rather own one Nvidia, or WalMart six times over

Walmart has many competitors and is generally easy to replace, especially when considering the international market. Nvidia is somewhat unique in the world, so yes, Nvidia should probably be valued more

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