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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

#371

Post by michaelt »

jacooper wrote: post #339
fleischhauf wrote: post #201

Earlier quoted context omitted.

to be fair Nvidia drivers are also a nightmare under linux

Not anymore

Eh, depends what you want out of them.

Do you want solid dependability and settings that are right first time, because you've only got one PC and if the graphics get broken you've got no browser to google for a fix?

Do you want the absolute most up-to-date drivers, to support the very newest GPUs, while running an LTS version of your OS?

Do you want to always run the latest driver version and upgrade without testing or worrying, like we do for web browsers?

Do you want to run CUDA and ML stuff, but also want to run Steam which for some reason wants 32-bit support available?

Do you want to run on a laptop with hybrid graphics, and have suspend/resume work reliably every time?

Do you have a small /boot/ partition, because you expected initrd.img to be 50MB or less?

Do you want to support Secure Boot?

If you want to achieve all these things at once, it'll take you a few tries to get it right :)

Re: Nvidia announces financial results for second quarter fiscal 2024

#372

Post by Gareth321 »

redox99 wrote: post #333
gmm1990 wrote: post #264

Earlier quoted context omitted.

It seems pretty similar to Tesla’s valuation with a product that won’t be as sticky as electric cars

They are not similar at all. Tesla P/E is 67, Nvidia's P/E is 244.

Which is - excuse my French - fucking insane. The current PE ratio of 244 is pants on head ridiculous. That's 244 years worth of exceptionally high profit just to break even. Your great great great great great great great great grandchildren could take over your shares at the same value as today and the company would still be overpriced. That's centuries worth of technological change and high volatility baked into the price. There is no way on Earth the company is worth anywhere near that. No one can impute that kind of extraordinary risk effectively. This is now officially a meme stock. Nvidia is proof positive we currently have an equities bubble. Not even Tesla was this overpriced, and they're still down 40% since their all time high.

Re: Nvidia announces financial results for second quarter fiscal 2024

#373

Post by versteegen »

jjoonathan wrote: post #223
WanderPanda wrote: post #217

Earlier quoted context omitted.

That is a funny way to signal their commitment to HPC! But compared to other tooling (non GPU) CUDA is still really clunky. Way ahead of everything else in the GPGPU space but still surprisingly clunky. Also I don't get what they are fearing with all their "Account required for download" (e.g. for CuDNN) what are they fearing? And is it really worth the trade-off for the pain it causes for dev environments and CI pip…

No, you're not missing anything, NVIDIA's software is super clunky by the standards of most of the software world. However, for the last decade, the competition has been much worse: OpenCL development on AMD would be riddled with VRAM leaks, hard lockups, invisible limits on things like function length and registers that would cause the hard lockups when you tripped over them without any indication as to what you did…

Years ago I gave up on OpenCL (1.2 on an AMD card) because of those hard lockups, with no way to debug it. nVidia didn't even support OpenCL 1.2 (and IIRC didn't support the synchronisation primitives I wanted in CUDA either -- AMD was more capable on paper). Thanks, I feel better to hear just how bad it was -- so it wasn't just my fault for quitting.

Re: Nvidia announces financial results for second quarter fiscal 2024

#374

Post by hospitalJail »

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 !

Yep and we are suffering as a result. Want the best in computing and CUDA? Give M$ and Nvidia money.

Linux and Nvidia don't play well. Apple doesn't even attempt to try.

The absolute state of computing right here.

Re: Nvidia announces financial results for second quarter fiscal 2024

#375

Post by gmm1990 »

redox99 wrote: post #333
gmm1990 wrote: post #264

Earlier quoted context omitted.

It seems pretty similar to Tesla’s valuation with a product that won’t be as sticky as electric cars

They are not similar at all. Tesla P/E is 67, Nvidia's P/E is 244.

I meant the sudden increase seems to be similar to what happened to Teslas valuation in the past. Both have products/profits/valuation that have a lot of hype and huge margin partially driven by shortages.

Re: Nvidia announces financial results for second quarter fiscal 2024

#376

Post by xiphias2 »

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…

Look at the good thing instead: they are catching up, and open source devs are starting to be serious about AMD because of its price/performance.

I believe it's a highly undervalued stock right now.

Re: Nvidia announces financial results for second quarter fiscal 2024

#377

Post by xiphias2 »

gen220 wrote: post #255

How durable do we think their Revenue is? To remind us all, they're selling capitalized assets, not contracts or services. Is the marginal demand for GPU chips over the next 3 years enough to sustain (or grow?) current revenues and keep this valuation afloat? To me, it feels like a comparatively fragile situation to find themselves in, to convince the world of 2025 that they need even more chips , unless "everybody n…

I think it's more interesting to see how undervalued AMD is instead of focusing on NVIDIA which seems reasonably priced.

AI is not showing any sign of slowing down so far.

Re: Nvidia announces financial results for second quarter fiscal 2024

#378

Post by magic_hamster »

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…

The only way to compete with Nvidia is to supply a drop in replacement for CUDA with the same (or better) performance for price.

Good luck with that.

In the current state of things, Nvidia is like a car manufacturer that exclusively owns the concept of tires.

Re: Nvidia announces financial results for second quarter fiscal 2024

#379

Post by pjc50 »

radium3d wrote: post #313
ATMLOTTOBEER wrote: post #275

Earlier quoted context omitted.

Fps in CSGO isn’t really so dependent on the GPU as more modern games, so comparing with a different game might be more accurate.

I'm curious, do you know of a study that has proven that single core CPU or other is the bottleneck in CS:GO?

At that high a framerate, it might even be the transfers to the GPU that are the bottleneck.

Re: Nvidia announces financial results for second quarter fiscal 2024

#380

Post by michaelt »

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

> the B2B enterprise market, which is probably even higher % nvidia

I'd wager the enterprise market is 90% intel integrated graphics.

It's the cheapest option, the best for laptop battery life, and modern integrated graphics can run excel and a web browser at 4k just fine.

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