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Nvidia announces financial results for second quarter fiscal 2024

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Re: Nvidia announces financial results for second quarter fiscal 2024

#101

Post by IshKebab »

xnx wrote: post #25

The good new is that Nvidia's high GPU prices motivate everyone (Intel, AMD, ARM, Google, etc.) to try and tackle the problem by making new chips, making more efficient use of current chips, etc. For all the distributed computing efforts that have existed (prime factorization, SETI@Home, Bitcoin, etc.), I'm surprised there isn't some way for gamers to rent out use of their GPU's when idle. It wouldn't be efficient, b…

There have been various attempts but you need a workload that's basically public and also runs on a single GPU (because you don't have NVLink or similar).

Re: Nvidia announces financial results for second quarter fiscal 2024

#102

Post by danielmarkbruce »

kccqzy wrote: post #84
steno132 wrote: post #69

Nvidia's undervalued. Once enterprise adoption of AI picks up, demand for chips will increase 2-3 times further. I'm told Nvidia's building their own fab in Southeast Asia over the next few years. This will massively boost their output.

It remains debatable whether mass enterprise adoption of AI would happen first, or Nvidia's competitors coming up with equivalent chips would happen first.

On the surface, it's not debatable. Enterprises are going full steam ahead on AI. Building out an ecosystem to challenge Nvidia seems like a decade long battle, if it's even possible.

Re: Nvidia announces financial results for second quarter fiscal 2024

#103

Post by kikokikokiko »

mikestew wrote: post #67
kinghajj wrote: post #32

Earlier quoted context omitted.

Should have sold a call credit spread instead! For large shareholders, the dividend would still be worthwhile. From what I could find, Jensen has 1.3 million shares, so he'd receive over $200k in dividends this year. You might think that's chump change, but another source lists his salary at just under $1m; another 20% bump in liquid income is nothing to sneeze at.

Should have sold a call credit spread instead! I'll get right on that...after I go look up what that means. :-) I'm but a simple options trader who sells calls to unload stock I didn't want anymore anyway, and the premium is the icing on that cake. Left some money on the table this time, but I otherwise would have just sold the shares outright, and I did make some bank regardless. Gonna be missing that sweet, sweet $…

Theta gang ftw. But I would advise you to stay away from NVDA, as soon as the first quarter with flat or decreasing revenues comes (and it WILL come), the fall would be one to tell your grandchildren about.

Re: Nvidia announces financial results for second quarter fiscal 2024

#104

Post by danielmarkbruce »

marricks wrote: post #41

Why, and what does it mean, for Nvidia to announce fiscal results a year ahead of time. Is it just promise to sell chips in advance, so that's how far it's booked, do they own a Time Machine...?

They announced Q2 results, ending July 31. Their fiscal year is a little unusual, it ends at end of Jan. So their 2024 year ends Jan 31 2024.

Re: Nvidia announces financial results for second quarter fiscal 2024

#105

Post by haldujai »

kccqzy wrote: post #84
steno132 wrote: post #69

Nvidia's undervalued. Once enterprise adoption of AI picks up, demand for chips will increase 2-3 times further. I'm told Nvidia's building their own fab in Southeast Asia over the next few years. This will massively boost their output.

It remains debatable whether mass enterprise adoption of AI would happen first, or Nvidia's competitors coming up with equivalent chips would happen first.

It's hard to imagine Nvidia will maintain what is right now effectively 100% market share for training forever, especially given the $ being thrown around.

Re: Nvidia announces financial results for second quarter fiscal 2024

#106

Post by TechnicolorByte »

kccqzy wrote: post #88
TechnicolorByte wrote: post #34

Incredible company. It’s absolutely insane how far ahead they are with the investments they made over a decade ago. So nice to see a “hard” engineering (from silicon to software) SV-founded company getting all this recognition. Especially after what has felt like a decade of SV hype software companies dominating the mainstream financial markets pre-pandemic with a spate of overpriced IPOs or large ad-revenue generati…

The moniker of "hard" engineering is neither precise nor useful. What makes engineering hard? Is solving problems with distributed systems, even if these systems are for ads, hard? Or do you mean hardware? In that case even Nvidia is not hard enough since they don't fabricate their own chips. Or do you mean designing hardware? Then what makes writing system verilog at a desk hard but writing Python not hard?

I admit that was a glib comment and unnecessary.

I’m really speaking about Nvidia’s ability to perform well in both hardware and software, at chip-scale and datacenter-scale. Also speaking of their product/business direction that revolutionizes multiple industries (leaders in graphics with ray tracing and AI frame/resolution sacking; leaders in AI infra and datacenter systems, etc.) all resulting in big impacts to their respective industries.

You’re right that many of those software-only companies do very real engineering with distributed systems and such. I should’ve been more precise and was really complaining about the SV hype of the 2010s focusing on regulating-breaking companies like Airbnb, Uber, wework, etc. and on companies like Meta and Google who focus on pushing ads for their revenue.

Re: Nvidia announces financial results for second quarter fiscal 2024

#107

Post by vsareto »

reilly3000 wrote: post #7
NickC25 wrote: post #3

Absolutely monster numbers. The aftermarket trading is up over 8% as of right now, roughly $41 USD to approximately $513 a share. Insane. Anyone who is a lot more versed in company valuation methodology see this as being near peak value, or does Nvidia have a lot more room to run?

It’s basically a meme stock now. I don’t think anyone should be surprised by wide swings and irrational pricing going forward into the next few months.

I don't think the market leader for graphics cards -- a technically complex product compared to a bunch of brick stores selling video games -- is what you can consider a meme stock

Re: Nvidia announces financial results for second quarter fiscal 2024

#108

Post by david-gpu »

epolanski wrote: post #58
TechnicolorByte wrote: post #34

Incredible company. It’s absolutely insane how far ahead they are with the investments they made over a decade ago. So nice to see a “hard” engineering (from silicon to software) SV-founded company getting all this recognition. Especially after what has felt like a decade of SV hype software companies dominating the mainstream financial markets pre-pandemic with a spate of overpriced IPOs or large ad-revenue generati…

Are they so far ahead? AMD GPUs get comparable results as of late on Stable Diffusion. Software and hardware from competitors will catch up, crunching 4/8/16 bit width numbers is no rocket science.

> Software and hardware from competitors will catch up, crunching 4/8/16 bit width numbers is no rocket science.

I used to think like that, until I got a job there and... Oh, boy! I left five years later still amazed at all the ever more mind bending ways you can multiply two damn matrices. It was the most tedious yet also most intellectually challenging work I've ever done. My coworkers there were also the brightest group of engineers I've ever met.

Re: Nvidia announces financial results for second quarter fiscal 2024

#109

Post by TheAlchemist »

seydor wrote: post #98

It s come to the point that people are begging competitors to do something in the space. Who knows, maybe some cheap Chinese asic that can do matrix multiplication ends up eating their lunch. You d think that, at the level of capitalization of tech companies, competition would be cutthroat

Capitalization in itself is meaningless. If you have 50% of NVidia outstanding shares, and you try to sell 10% of that, the capitalization would crater.

What really counts is the profit. It is pretty huge now, but not 'that' huge (at least yet).

Re: Nvidia announces financial results for second quarter fiscal 2024

#110

Post by xnx »

josemanuel wrote: post #82
xnx wrote: post #70

Earlier quoted context omitted.

As was mentioned in another thread on a slightly different topic, it wouldn't be surprising to see all non-Nvidia parties unit around some non-CUDA open standard.

Do you mean something like OpenCL?

Exactly. More resources might get applied to improving it.
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