Nvidia announces financial results for second quarter fiscal 2024

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

UncleOxidant wrote: post #11

HDThoreaun wrote: post #5

Up more than 10% after hours compared to close yesterday. I really thought NVDA had hit its ceiling at $1+ trillion, apparently not. Really does feel like a huge opportunity for Intel to me. They have the fab capacity to pump out at least reasonably competitive GPUs if they can figure out the software side of things. P/E still above 50 even after the AI craze 9x'd eps this quarter. Still hard for me to see that valua…

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.

Post by UncleOxidant » Wed, Aug 23, 2023, 9:24 PM UTC

HDThoreaun wrote: post #48

nemothekid wrote: post #35

Earlier quoted context omitted.

> 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…

Post by Mountain_Skies » Wed, Aug 23, 2023, 9:25 PM UTC

ancientworldnow wrote: post #36

solardev wrote: post #24

Earlier quoted context omitted.

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.

Post by haldujai » Wed, Aug 23, 2023, 9:27 PM UTC

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.

Post by scrlk » Wed, Aug 23, 2023, 9:28 PM UTC

marricks wrote: post #41

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...?