Nvidia announces financial results for second quarter fiscal 2024 • Hacker News Board

Re: Nvidia announces financial results for second quarter fiscal 2024

#21

Post by fnordpiglet » Wed, Aug 23, 2023, 9:06 PM UTC

pb7 wrote: post #12

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.

What makes it a meme stock? It's printing money from an industry that is only starting. This isn't crypto nonsense.

Yeah, every company of any note is planning how to use AI, and a lot of the use cases are already proved out. This isn’t speculative nonsense. The question is how big does it get, not will it be big.

Crypto and blockchain never had an actual proved out use case. There was an interesting idea but no one ever could figure out a way it was useful. The costs associated were much higher than the risks of not using it.

People who think this is a meme aren’t paying attention, and they’re certainly not in the rooms of power where AI planning is happening at megacorps. I’ve been in them, and it’s serious and material and we are just now beginning to scratch the surface.

Re: Nvidia announces financial results for second quarter fiscal 2024

#22

Post by TechnicolorByte » Wed, Aug 23, 2023, 9:06 PM UTC

solardev wrote: post #10

I miss the small graphics company that used to care about gamers :(

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?

Re: Nvidia announces financial results for second quarter fiscal 2024

#23

Post by FirmwareBurner » Wed, Aug 23, 2023, 9:06 PM UTC

bozhark wrote: post #17

FirmwareBurner wrote: post #16

Earlier quoted context omitted.

Intel has entered the chat. If you wanna game on abudget with lots of VRAM go for A750 or A770.

Intel has left the chat.

Intel is very much in the game. Every of their recent big driver update ads double digit performance boosts on AAA titles.

Re: Nvidia announces financial results for second quarter fiscal 2024

#24

Post by solardev » Wed, Aug 23, 2023, 9:07 PM UTC

TechnicolorByte wrote: post #22

solardev wrote: post #10

I miss the small graphics company that used to care about gamers :(

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?

Gamers don't have datacenter budgets

Re: Nvidia announces financial results for second quarter fiscal 2024

#25

Post by xnx » Wed, Aug 23, 2023, 9:08 PM UTC

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, but at these prices it could still make sense.

Re: Nvidia announces financial results for second quarter fiscal 2024

#26

Post by fnordpiglet » Wed, Aug 23, 2023, 9:09 PM UTC

solardev wrote: post #10

I miss the small graphics company that used to care about gamers :(

Well, they still make gamer cards. As a company with more than one employee they are able to multitask, and the knock on benefits of all the investment will improving their gaming products as well. I think there are a fair amount of dual use cards being sold - I know I’ve got a 4090 that I use for local AI stuff, and it renders RTX Witcher 3 like a beast.

Re: Nvidia announces financial results for second quarter fiscal 2024

#27

Post by grouchomarx » Wed, Aug 23, 2023, 9:10 PM UTC

beebeepka wrote: post #19

solardev wrote: post #10

I miss the small graphics company that used to care about gamers :(

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 :(

It's a tough game. Gotta have the guts to get in and stay in

Re: Nvidia announces financial results for second quarter fiscal 2024

#28

Post by squeaky-clean » Wed, Aug 23, 2023, 9:10 PM UTC

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 pretty overpriced already if you're looking at the fundamentals, and has been for a while. But fundamentals haven't really mattered in tech stocks for a long time.

If you want the responsible advice, it's overpriced. If you want my personal advice, well I bought more yesterday afternoon.

Re: Nvidia announces financial results for second quarter fiscal 2024

#29

Post by unpopularopp » Wed, Aug 23, 2023, 9:10 PM UTC

solardev wrote: post #10

I miss the small graphics company that used to care about gamers :(

I actually have current gen GPUs from all 3 manufacturers through my job and I'm glad there are choices now but I'd still recommend Nvidia over AMD or Intel to anyone. Of course it depends on the budget, the games you play etc. but DLSS alone is such a difference that AMD still couldn't catch up with. I really hope Starfield will deliver because that will be the first game with FSR3.0 and introducing the technology, yet DLSS3.5 was just revealed yesterday. It's a huge gamble for sure going all in on Starfield but tbh that's one of the hypest game of the year so worth it. And Intel is nowhere near that (apart from the price and getting 16GB for cheap)

Re: Nvidia announces financial results for second quarter fiscal 2024

#30

Post by UncleOxidant » Wed, Aug 23, 2023, 9:11 PM UTC

HDThoreaun wrote: post #13

UncleOxidant wrote: post #11

Earlier quoted context omitted.

Intel doesn't seem to be able to execute. It's not just pumping out GPUs - for AI you need drivers, and the equivilent of CUDA and all the various libraries built on CUDA like cuDNN. They do have OneAPI but it hasn't caught on like CUDA in that space. It's kind of too bad since OneAPI is open and CUDA is not.

Right but the market is saying that a dominant GPU business is worth more than a trillion dollars. Just hard for me to believe that they can't get the business off the ground with that kind money on the table. Can't they just hire all of nvidia's developers and pay them 5x as much?

> Can't they just hire all of nvidia's developers and pay them 5x as much?

Lol... Intel is famously stingy when it comes to salaries.