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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

#171

Post by wincy »

wmf wrote: post #144
beebeepka wrote: post #19

Earlier quoted context omitted.

When was that? Surely it must have been at least a decade before the GTX 970 "4GB" but maybe after all the driver cheating in the late 90s and early 2000s. I no longer buy nvidia hardware but I do enjoy stock price getting higher. I just wish I had the sense to buy more, a lot more, stock when it was much cheaper. How does a chicken shit like me make big money :(

The 970 was amazing for gaming; the 3.5GB problem was just for CUDA.

I literally just replaced my GTX 970 a week ago. Fantastic GPU, lasted me a good ten years. Baldur's Gate 3 finally got me to update it, which it could run it but I dunno a new game got me excited. It ran Elden Ring just fine last year though.

Re: Nvidia announces financial results for second quarter fiscal 2024

#172

Post by ABeeSea »

midhir wrote: post #152
tric wrote: post #148

Earlier quoted context omitted.

> wouldn't it be a duopoly considering that AMD is also a big player? I don't think GPUs are commoditized. You can't swap a Nvida GPU with a AMD GPU, and get the same performance/results.

AMD seem to be catching up quickly lately. I'm running Stable Diffusion, Llama-2, and Pytorch on a 7900XTX right now. Getting it up and running even on an unsupported Linux distro is relatively straightforward. Details for Arch are here: https://gitlab.com/-/snippets/2584462 The HIP interface even has almost exact interoperability with CUDA, so you don't have to rewrite your code.

Inference and training are not the same things. AMD has basically no market share in training.

Re: Nvidia announces financial results for second quarter fiscal 2024

#173

Post by oatmeal1 »

mikestew wrote: post #4

Whelp, I guess those September NVDA call options I sold are going to get exercised. Who woulda guessed after the crypto fallout that "AI" would come along and bump the price back up. Record revenues, and a dividend of $0.04 on a $450 stock? That's not even worth the paperwork. For example, if you bought 100 shares, that's $45K. From that, around September $4 will show up in your account, which you have to pay taxes o…

It's probably good for the long term share price if they can say in 20 years they've had a dividend for 20 years, even if that dividend was actually measly.

Re: Nvidia announces financial results for second quarter fiscal 2024

#174

Post by User23 »

swyx wrote: post #159
capableweb wrote: post #154

Earlier quoted context omitted.

> Not that it's much better, but wouldn't it be a duopoly considering that AMD is also a big player? Not sure AMD would be considered a big player, what would be the percentage threshold for that? According to the Steam Hardware (& Software) Survey ( https://store.steampowered.com/hwsurvey/Steam-Hardware-Softw... ), ~75% of computers with Steam running has a NVIDIA GPU, while ~15% has a AMD GPU. AMD is the closest to…

> ~75% of computers with Steam running has a NVIDIA GPU, while ~15% has a AMD GPU. and thats the consumer market, which lets say is 30% of the B2B enterprise market, which is probably even higher % nvidia

AI cloud is something like 95% Nvidia.

Re: Nvidia announces financial results for second quarter fiscal 2024

#175

Post by PheonixPharts »

TheAlchemist wrote: post #124

What'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…

> This is what having a monopoly looks like !

As someone who has been in the AI/ML space for over a decade, and even had an AMD/Radeon card for more than half of that, I can't help but feel that this is partially AMD's own fault.

For many, many years it seemed to me that AMD just didn't take AI/ML seriously whereas, for all it's faults, NVIDIA seemed to catch on very early that ML presented a tremendous potential market.

To this day getting things like Stable Diffusion to run on an AMD card requires extra work. At least from my perspective it seems like dedicating a few engineers to getting ROCm working on all major OSes with all major scientific computing/deep learning libraries would have been a pretty good investment.

Is there some context I'm missing for why AMD never caught up in this space?

Re: Nvidia announces financial results for second quarter fiscal 2024

#176

Post by enos_feedler »

steno132 wrote: post #143
kccqzy wrote: post #84

Earlier quoted context omitted.

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

There’s no competitor to Nvidia for the next 10 years. They’ve got a monopoly. And with AI’s coming explosion, I’d wager 50/50 odds Jensen becomes the world’s first trillionaire.

this is a totally insane statement to make. 10 years? it will take at _most_ 2-3 years for the software and hardware ecosystem to rearrange around a competitive landscape. The only reason nvidia has a large time window of opportunity is because of the lead time required to create such a complex ecosystem and the "suddenness" of how meaningful particular category of workloads are (which nvidia happened to be good at, because... pixels)

Re: Nvidia announces financial results for second quarter fiscal 2024

#177

Post by broodbucket »

wudangmonk wrote: post #76
TechnicolorByte wrote: post #22

Earlier quoted context omitted.

Nvidia is dragging the entire gaming industry forward with ray/path tracing and AI-based resolution and frame scaling. Everyone else (I.e., AMD) is following Nvidia’s lead. In what way has Nvidia “forgotten” gamers with the rise of their datacenter business?

Raytracing isn't a thing no matter how much nvidia wants to push it. The performance penalty is too big for what amounts to something that takes a trained eye to notice. AI-resolution scaling is nice to have on lower end devices but the max resolution people actually use is 4k and I can only think of VR where having more than 4k would be nice to have. My main gripe is that at 4k resolution, top of the line GPUs shoul…

Agree on raytracing, disagree on upscaling. DLSS/FSR are gamechangers. They do annoyingly muddy the waters for all the claims of "we run X game at Y FPS on Z resolution" though.

Re: Nvidia announces financial results for second quarter fiscal 2024

#178

Post by sph »

mkaic wrote: post #167
jbc1 wrote: post #161

Earlier quoted context omitted.

I honestly dont. I'm trying to think of what principle they could have meant with "This situation isn’t exactly a poster child for X" where X is any economic principle and coming up empty. Best I've got is "central planning". One firm being able to handily out perform others despite them also being both motivated and well capitalised lends itself pretty heavily towards markets being good, but I hardly think they were…

My impression was that they used "Efficient Market Hypothesis" to mean "the theory that free-market competition rapidly drives down prices and breaks up monopolies on its own".

That theory is still valid, the issue is that the competition can't or won't even try to make a better product or a cheaper one. The rule only applies if there exist competing products in the first place.

If there was any, the prices would go down as we have seen a billion times.

Re: Nvidia announces financial results for second quarter fiscal 2024

#179

Post by bobnamob »

lotsofpulp wrote: post #111
scrlk wrote: post #59

Earlier quoted context omitted.

Financial years are named by the calendar year that they end in, so FY24 is the financial year ending in 2024.

I have never seen it referred to as financial year until now, but I guess it makes sense too. Fiscal year is the typically used term.

Financial year is the common term in other locales (Australia for example)

Re: Nvidia announces financial results for second quarter fiscal 2024

#180

Post by edgyquant »

PheonixPharts wrote: post #175
TheAlchemist wrote: post #124

What'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…

> This is what having a monopoly looks like ! As someone who has been in the AI/ML space for over a decade, and even had an AMD/Radeon card for more than half of that, I can't help but feel that this is partially AMD's own fault. For many, many years it seemed to me that AMD just didn't take AI/ML seriously whereas, for all it's faults, NVIDIA seemed to catch on very early that ML presented a tremendous potential mar…

100% this. I, and many others, bought multiple AMD cards due to disliking NVidia and tried to get ROCm set up to no avail. It just never worked except under hard to maintain configurations. I switched to an nvidia card and within the hour import tensorflow just worked
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