Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Nvidia announces financial results for first quarter fiscal 2025

nvidianews.nvidia.com

Post reply on HN
Print view View original

161–170 of 367 posts

Re: Nvidia announces financial results for first quarter fiscal 2025

#161

Post by devonkim »

josephg wrote: post #138
tharmas wrote: post #116

Earlier quoted context omitted.

True. But another piece of knowledge about Nvidia is its competitors are waaaaaaaaay behind. They stand peerless. Another piece of information is that CUDA software was provide free or cheaply to Universities doing LLM research I think. And the software is easy to use.

> its competitors are waaaaaaaaay behind. They stand peerless. Its competitors are only way behind when it comes to software support. The hardware coming out of Intel and amd is, especially for its price, very capable. Given how much money is being invested in AI right now, I don’t see Nvidia’s moat lasting more than a few more years.

I don’t really see the software ecosystem catching up that quickly is the thing. Sure, we have some support for hardware like Google’s TPUs and Coral but the field’s practitioners and researchers are oftentimes so behind the curve of general systems work like dealing with the nuts and bolts of libraries and package management that anyone trying to compete against NVIDIA will need to spend a lot of time investing there rather than yet another group of ML engineers that shudder at the thought of packaging and distributing their software to the public and supporting frameworks for years with partnerships and continued investments doing a lot of work that’s basically toil and extremely undesirable for said ML engineers.

Re: Nvidia announces financial results for first quarter fiscal 2025

#162

Post by acchow »

almog wrote: post #129
martinpw wrote: post #98

Earlier quoted context omitted.

Bit premature to say that. It's now up 7% after hours. And of course tomorrow is what really matters.

Premature to say what? It's an observation based on past earning reports that preceded earning calls. Even the peak 7% post earnings call (now 5.7% and probably a different number by the time I hit "reply") is a relatively small move compared to past 4 quarters and that's without even taking the stock split + dividend increase into account. Sure, tomorrow it can get to 15% but all I can compare it with right now is t…

Last earnings, it popped up 8% during AH trading. But that was after falling 7% during the week leading up to earnings.

This time around, the stock has been up slightly over the past week, and now popping 5.5% during AH trading.

Re: Nvidia announces financial results for first quarter fiscal 2025

#163

Post by TheAlchemist »

nabla9 wrote: post #145
TheAlchemist wrote: post #110

Earlier quoted context omitted.

Can really Nvidia say no ? They are making 78% of margin on those chips - I would think that that leaves a lot of bargaining power to TSMC. They would loose much less than Nvidia.

You can't do shakedowns for your second best customer. Nvidia works also with Samsung for new 3nm nodes. Prices are defined by the profit margins of Nvidia's closest competitor (AMD 4.89%.)

Why not ?

Nvidia may be working with Samsung, but they don't have any alternative for now.

So my understanding is, that TSMC currently has the monopoly on producing Nvidia chips, and Nvidia obviously has the monopoly on selling those chips.

And somehow, Nvidia is extracting 99% of profits from that situation, while TSMC is getting close to nothing. My understanding of game theory is that it should be way closer to an even split.

Could you elaborate on why the prices are defined by AMD margins ? I'm obviously missing something, but can't see what.

Re: Nvidia announces financial results for first quarter fiscal 2025

#164

Post by soferio »

bradfox2 wrote: post #159
AnotherGoodName wrote: post #46

This stock is a great example of invest in stocks where you have strong knowledge. I saw pallets of h100s shipping that were worth 100s of millions each pallet (each card is $40k and you can fit a lot on a pallet) as someone working for a company buying these and knowing that many other companies were doing the same (we have 12+ months of back orders with nvidia alone). I invested last year at ~$250 when redditors we…

I work at the intersection of power and AI. Buy utility stock. The bottleneck for AI expansion will not be installed GPUs, but the electricity they need to run. We are in an energy crisis and not many realize it yet. Virgina, Texas, Arizona and soon to be Ohio and Georgia are out of generation capacity and the data centers are like locusts.

This is very interesting to read. I am in Australia and quite interested in this investment thesis although I’m not an investment professional. What are the best things to read about the demand Supply mismatch?

Re: Nvidia announces financial results for first quarter fiscal 2025

#165

Post by ein0p »

Clubber wrote: post #137
ein0p wrote: post #120

What’s baffling about all this is both AMD and Intel have competing offerings and those offerings see next to no traction in spite of being much more attractive from the cost standpoint. I understand why they aren’t taking off on the training side: fragmentation is very counterproductive there. But why not deploy them in large quantities for inference at least? The effort of porting transformer based models is trivia…

CUDA is their API and is proprietary. It's very fast and it's a significant competitive advantage. https://analyticsindiamag.com/is-cuda-nvidias-competitive-mo...

It really doesn’t matter if you have cuda or not if you’re going to run inference at scale. As I said above (speaking from experience), porting models for inference is not a technically difficult problem. Indeed with both Intel Gaudi or AMD MI series of accelerators a lot of the popular architectures and their derivatives are supported either out of the box or with minimal tweaks.

Re: Nvidia announces financial results for first quarter fiscal 2025

#166

Post by AnotherGoodName »

akira2501 wrote: post #112
AnotherGoodName wrote: post #46

This stock is a great example of invest in stocks where you have strong knowledge. I saw pallets of h100s shipping that were worth 100s of millions each pallet (each card is $40k and you can fit a lot on a pallet) as someone working for a company buying these and knowing that many other companies were doing the same (we have 12+ months of back orders with nvidia alone). I invested last year at ~$250 when redditors we…

> Invest in things you know intimately folks. Was there really anything "intimate" about the knowledge you possessed? You were on the other side of a large market with apparent high demand and a supply chain that can most easily be described as "extremely monopolized." > when redditors we're posting that "Nvidia is the best shorting opportunity" without any of the knowledge of the market. It looks to me like it was d…

The 40k h100s have ballpark comparable transistor counts to their 1k gaming gpus. I didn't see concerns with production. The gains came from the massive margin increase.

They never needed to massively increase production from tsmc. They just needed to go from 5% to 75% margin on the cards they sell which is exactly what they did. https://www.reddit.com/r/wallstreetbets/comments/14zhy7f/com...

Re: Nvidia announces financial results for first quarter fiscal 2025

#167

Post by kortilla »

elevatedastalt wrote: post #126
AnotherGoodName wrote: post #46

This stock is a great example of invest in stocks where you have strong knowledge. I saw pallets of h100s shipping that were worth 100s of millions each pallet (each card is $40k and you can fit a lot on a pallet) as someone working for a company buying these and knowing that many other companies were doing the same (we have 12+ months of back orders with nvidia alone). I invested last year at ~$250 when redditors we…

Sounds like insider trading to me. The backorders your company has are material non-public information.

Not insider trading from SEC. You can absolutely use material non-public information your own company collects. The entire short selling industry is based on this.

It might be a violation of your company’s policy, but unless your company has been given explicit access to material non-public info of nvidia (e.g. you work for their accounting firm), there is no SEC risk here.

Re: Nvidia announces financial results for first quarter fiscal 2025

#168

Post by kortilla »

jldugger wrote: post #155
NoboruWataya wrote: post #143

Earlier quoted context omitted.

"My company bought their product" does not sound like material non-public information. It certainly doesn't sound material (and for this reason I also think it was sheer dumb luck that the investment paid off so handsomely, rather than intimate knowledge of the business).

It's absolutely treated as insider info by policy where I work. It might not rise to SEC enforcement action, but if caught you probably won't have a job anymore...

“Violated company policy” is a completely different thing from anything the SEC cares about.

Re: Nvidia announces financial results for first quarter fiscal 2025

#169

Post by kortilla »

esprehn wrote: post #103
beejiu wrote: post #93

Earlier quoted context omitted.

> If you work for NVIDIA, it is insider trading. Just to be absolutely clear, it can be insider trading if you don't work at NVIDIA.

Yeah, it's not about being an employee, it's about trading on Material Non-Public Information.

No it’s not. It’s about how that information was gathered.

Re: Nvidia announces financial results for first quarter fiscal 2025

#170

Post by timy2shoes »

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 reply on HN