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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

#31

Post by andrepd »

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?

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.

Re: Nvidia announces financial results for second quarter fiscal 2024

#32

Post by kinghajj »

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…

Should have sold a call credit spread instead!

For large shareholders, the dividend would still be worthwhile. From what I could find, Jensen has 1.3 million shares, so he'd receive over $200k in dividends this year. You might think that's chump change, but another source lists his salary at just under $1m; another 20% bump in liquid income is nothing to sneeze at.

Re: Nvidia announces financial results for second quarter fiscal 2024

#33

Post by HDThoreaun »

UncleOxidant wrote: post #30
HDThoreaun wrote: post #13

Earlier quoted context omitted.

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.

for a trillion dollars though... eventually you have to believe Pat gets fired and replaced by someone who is 100% all in on GPUs if he can't figure this out

Re: Nvidia announces financial results for second quarter fiscal 2024

#34

Post by TechnicolorByte »

Incredible company. It’s absolutely insane how far ahead they are with the investments they made over a decade ago.

So nice to see a “hard” engineering (from silicon to software) SV-founded company getting all this recognition. Especially after what has felt like a decade of SV hype software companies dominating the mainstream financial markets pre-pandemic with a spate of overpriced IPOs or large ad-revenue generating mega corporations.

Re: Nvidia announces financial results for second quarter fiscal 2024

#35

Post by nemothekid »

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?

As time goes on I don’t see how you break the CUDA moat even if you had all of nvidia Al’s engineers.

CUDA means you need everyone in AI to target your new (hopefully open) platform and that platform is faster than CUDA is. Given how most frameworks of the last 10 years have been optimized for CUDA you would need to turn around a global sized cruise ship.

If Intel’s GPUs are only 3% faster, will that be enough to rewrite my entire software stack for something not CUDA? If intel opts for a translation layer, could they ever match nvidia’s performance?

Re: Nvidia announces financial results for second quarter fiscal 2024

#36

Post by ancientworldnow »

solardev wrote: post #24
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?

Gamers don't have datacenter budgets

Gamers like to ignore inflation and increasing fab costs and pretend cards should cost the same forever with double performance gains every 1.5 years.

Re: Nvidia announces financial results for second quarter fiscal 2024

#37

Post by tracerbulletx »

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?

The card prices have gone up pretty significantly and availability has been bad for the last few years, they also have been segmenting their product line in ways where some of the lower tier cards are not very compelling vs previous release cycles. I don't know if that's attributable to them "forgetting about gamers" but it's what people are upset about.

Re: Nvidia announces financial results for second quarter fiscal 2024

#38

Post by loeg »

kinghajj wrote: post #32
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…

Should have sold a call credit spread instead! For large shareholders, the dividend would still be worthwhile. From what I could find, Jensen has 1.3 million shares, so he'd receive over $200k in dividends this year. You might think that's chump change, but another source lists his salary at just under $1m; another 20% bump in liquid income is nothing to sneeze at.

This benefit is basically only to large shareholders who can't sell stock. Which might be insiders like Jensen and... anyone else? Everyone else can just sell, like, 0.0001% of their stock or whatever.

Re: Nvidia announces financial results for second quarter fiscal 2024

#39

Post by [deleted] »

solardev wrote: post #24
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?

Gamers don't have datacenter budgets

[deleted]

Re: Nvidia announces financial results for second quarter fiscal 2024

#40

Post by thomas8787 »

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…

Jensen is one of the largest shareholders. With over 80 million shares that's an over 3 million dollar dividend for him.
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