Nvidia announces financial results for second quarter fiscal 2024

Post by Dalewyn » Thu, Aug 24, 2023, 12:11 AM UTC

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…

Post by [deleted] » Thu, Aug 24, 2023, 12:13 AM UTC

vsareto wrote: post #107

reilly3000 wrote: post #7

Earlier quoted context omitted.

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

Post by creer » Thu, Aug 24, 2023, 12:19 AM UTC

Uehreka wrote: post #74

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…

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…

Post by jfoutz » Thu, Aug 24, 2023, 12:22 AM UTC

BbzzbB wrote: post #185

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…

Isn't this more a case of supply and demand? Huge ramp on chip demand by every FAAMG, every dev and their grandmothers for AI with a mostly inelastic supply (foundry constrained and very specialized atoms tech involved). It's not like Intel and AMD don't exist, but if everyone is pushing each other at the door for Nvidia chips..

Post by AndrewKemendo » Thu, Aug 24, 2023, 12:23 AM UTC

sph wrote: post #178

mkaic wrote: post #167

Earlier quoted context omitted.

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.