Earlier quoted context omitted.
Biotechs are lottery tickets, not stocks. You're just gambling on binary results.
Stocks are lottery tickets…
Not if you understand what stocks are and how betting on biotech stocks is not a wise investment.
Nvidia announces financial results for second quarter fiscal 2024
121–130 of 444 posts
Re: Nvidia announces financial results for second quarter fiscal 2024
#122The 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…
They’re all pretty motivated, they’ve been motivated for years, and almost nothing is happening. This situation isn’t exactly a poster child for the Efficient Markets Hypothesis. Every year just sounds like “Nvidia’s new consumer GPUs are adding new features, breaking previous performance ceilings, running games at huge resolutions and framerates. Their datacenter cards are completely sold out because they can spin s…
Efficient market hypothesis is unrelated to Nvidia’s competitors being unable to offer a competing product so far.
https://www.investopedia.com/terms/e/efficientmarkethypothes...
> The efficient market hypothesis (EMH), alternatively known as the efficient market theory, is a hypothesis that states that share prices reflect all information and consistent alpha generation is impossible.
Re: Nvidia announces financial results for second quarter fiscal 2024
#123Earlier quoted context omitted.
What makes it a meme stock? It's printing money from an industry that is only starting. This isn't crypto nonsense.
(Not sure if it's true), but a meme stock is one whose price is propped up by retail traders, and spreads through social media / word-of-mouth, as memes do. How we prove it's one is probably another matter.
Retail investors make up a low single digit percent of individual stock ownership. /r/wallstreetbets is not putting even a dent in a $1T company's stock price.
Re: Nvidia announces financial results for second quarter fiscal 2024
#124What's also pretty interesting that they actually didn't sell more chips this quarter - they ... just pretty much doubled the prices (hence the huge margin).
This is what having a monopoly looks like !
This is also why companies that manufacture their cards didn't report any uptick in profits. I'm wondering how this play out in some months ? Do they have any pricing power with respect to NVidia ? Or NVidia could just switch to another manufacturer ?
Re: Nvidia announces financial results for second quarter fiscal 2024
#125Earlier quoted context omitted.
The market is also saying that Tesla is worth more than BMW, VW, Audi, Mercedes, Toyota, Hyundai, Fiat, Ford, and dozens of others combined . Mehh, I don't know.
Exactly, the market isn't always rational. There's a lot of work on quantization in neural nets, for example, that can allow them to work sufficiently well on less capable hardware. It could be that some breakthrough there would obviate the need for NVDA hardware (or at least reduce how many are needed).
It is rational if you interpret market capitalization and share price movements as “the market is saying Tesla WILL be worth more than x,y z combined between time now and time whenever you want to sell it.”
For different people, the timespan between now and when they may want or need to sell it is different, and thus different people will arrive at different conclusions.
And note that “worth more” above simply means growth in market capitalization, so as long as someone is willing to buy the shares at a price supporting that increased market cap, then it does not matter if Tesla is still selling fewer cars than the others combined.
Re: Nvidia announces financial results for second quarter fiscal 2024
#126Earlier quoted context omitted.
I'm not familiar with all the varied uses of GPUs but it seems like image generation could feasibly be distributed: large upfront download of models, then small inputs of text and settings, and small output of resulting images.
For inference I agree! But training requires centralized gradient steps
If you're in a data center and running large training jobs then RDMA over Nvidia Mellanox Infiniband cards over high speed ethernet (like 100GB) are used to ship coefficients around without having that transfer bottleneck in the CPU.
Re: Nvidia announces financial results for second quarter fiscal 2024
#127So gaming is now less than 20% of their business? Holy shit.
Re: Nvidia announces financial results for second quarter fiscal 2024
#128The 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…
You can do that for inference, but most gamers have a single GPU with <24GB VRAM which kinda sucks for training. 3090 or 4090 is the minimum to use reasonable batch sizes
Re: Nvidia announces financial results for second quarter fiscal 2024
#129What's also pretty interesting that they actually didn't sell more chips this quarter - they ... just pretty much doubled the prices (hence the huge margin). This is what having a monopoly looks like ! This is also why companies that manufacture their cards didn't report any uptick in profits. I'm wondering how this play out in some months ? Do they have any pricing power with respect to NVidia ? Or NVidia could just…
There probably isn't another manufacturer they can switch high end stuff to. They recently tried moving at least some of their cards to Samsung but switched back last generation due to yield issues.
Re: Nvidia announces financial results for second quarter fiscal 2024
#130What's also pretty interesting that they actually didn't sell more chips this quarter - they ... just pretty much doubled the prices (hence the huge margin). This is what having a monopoly looks like ! This is also why companies that manufacture their cards didn't report any uptick in profits. I'm wondering how this play out in some months ? Do they have any pricing power with respect to NVidia ? Or NVidia could just…
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