Why, and what does it mean, for Nvidia to announce fiscal results a year ahead of time.
Is it just promise to sell chips in advance, so that's how far it's booked, do they own a Time Machine...?
Nvidia announces financial results for second quarter fiscal 2024
41–50 of 444 posts
Re: Nvidia announces financial results for second quarter fiscal 2024
#42Earlier 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
I think both this comment and GP comment are true in their own ways. Nvidia is still pushing the gaming / 3D industry faster than its competitors and I would still recommend an Nvidia card for reliability and performance over others.
BUT that comes at a price - Nvidia consumer chips are also notoriously expensive, but if you want best-of-breed for gaming, it does come at a price.
I am hoping that AMD and Intel will be able to compete with Nvidia someday but I'm not holding my breath.
Re: Nvidia announces financial results for second quarter fiscal 2024
#43Earlier 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?
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.
Exactly, the market isn't always rational. There's a lot of work on quantization in neural nets, for example, that can allow them to work sufficiently well on less capable hardware. It could be that some breakthrough there would obviate the need for NVDA hardware (or at least reduce how many are needed).
Re: Nvidia announces financial results for second quarter fiscal 2024
#44The 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…
I am certain that several years ago, I was given an ad for exactly such a service and even tried it out, but I cannot for the life of me remember its name. It had some cute salad motif, and its users are named "chefs".
EDIT: It was just named Salad. https://salad.com/ https://salad.com/download
Re: Nvidia announces financial results for second quarter fiscal 2024
#45Earlier 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?
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.
"In the short run, the market is a voting machine but in the long run, it is a weighing machine."
Re: Nvidia announces financial results for second quarter fiscal 2024
#46Whelp, 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.
many times what a lot of people make in a year is nothing to sneeze at.
especially when it is awarded for merely having a stack of papers.
Re: Nvidia announces financial results for second quarter fiscal 2024
#47Whelp, 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.
The stock is up 9% or $45/share after hours. Jensen just made $58 million. $200k doesn't pay his dry cleaning bill.
Re: Nvidia announces financial results for second quarter fiscal 2024
#48Earlier 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? 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…
Well I'm not super experienced with GPU development but aren't most people using packages built on top of CUDA like pytroch etc? Would it be impossible to throw tons of resources at those packages so they handle whatever intel comes up with as well as they handle CUDA?
If Intel is 10% slower but 50% cheaper and the open source stack you use has been heavily updated to work well with Intel drivers would that not be an enticing product?
Re: Nvidia announces financial results for second quarter fiscal 2024
#49Earlier quoted context omitted.
> 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
I'd argue that Intel being stingy with salaries is a big part of why they're so behind here. They just don't seem to be very serious about this. Intel has made several runs at the GPU market over the years and they just keep ending up where they are. And now NVDA has such a huge advantage (software and hardware) that it just gets harder and harder (and more expensive) to overcome.
Probably Intel's best bet now would be to try to be the fab for NVDA.
Re: Nvidia announces financial results for second quarter fiscal 2024
#50The 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…
With interconnect being the biggest limitation these days I don’t think this would work.