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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

#81

Post by cma »

epolanski wrote: post #65
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?

Raw performance isn't increasing much, price/performance under the 700$ has barely increased both now and in 2000 series.

It's a combination of algorithms and hardware, but raytracing has gone from path traced quake 1 to path traced Cyberpunk 2077 in just a few years. The raytracing side of things hardware wise has doubled in perf for the same tier card each generation.

Re: Nvidia announces financial results for second quarter fiscal 2024

#82

Post by josemanuel »

xnx wrote: post #70
Goronmon wrote: post #62

Earlier quoted context omitted.

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... Or their dominance leads to competition throwing in the towel and investing resources in a market with less stiff competition. I wouldn't be surprised to see AMD start to pair back ivnestment on high-end GPUs if things continue down this path. I would say Intel likely ke…

As was mentioned in another thread on a slightly different topic, it wouldn't be surprising to see all non-Nvidia parties unit around some non-CUDA open standard.

Do you mean something like OpenCL?

Re: Nvidia announces financial results for second quarter fiscal 2024

#83

Post by rvz »

pb7 wrote: post #52
rvz wrote: post #20

Earlier quoted context omitted.

> The aftermarket trading is up over 8% as of right now, roughly $41 USD to approximately $513 a share. Insane. 8% is close to nothing in stocks. Biotech stocks go up and down more than that without earnings announcements. > 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? As long as fine-tuning, training or even using thes…

Biotechs are lottery tickets, not stocks. You're just gambling on binary results.

> Biotechs are lottery tickets, not stocks.

Please.

Stocks are lottery tickets and Biotech stocks are stocks.

> You're just gambling on binary results.

The risks are no better than most of the AI bros buying Nvidia and overpriced stocks at the very top or all time highs or extremely risky 0DTE strategy trades on earnings announcements.

Do AI bros who jumped in late really have to be married to their stocks that are already overpriced to make 8% on earnings when the very early folks start selling to take their profits?

Re: Nvidia announces financial results for second quarter fiscal 2024

#84

Post by kccqzy »

steno132 wrote: post #69

Nvidia's undervalued. Once enterprise adoption of AI picks up, demand for chips will increase 2-3 times further. I'm told Nvidia's building their own fab in Southeast Asia over the next few years. This will massively boost their output.

It remains debatable whether mass enterprise adoption of AI would happen first, or Nvidia's competitors coming up with equivalent chips would happen first.

Re: Nvidia announces financial results for second quarter fiscal 2024

#85

Post by johnvanommen »

UncleOxidant wrote: post #60
Mountain_Skies wrote: post #51

Earlier quoted context omitted.

Over the past decade Intel seems to have become more interested in social causes than in technology, maybe with a side of government backrubbing to keep some income flowing.

Nah, the biggest problem is that Intel became very risk averse. Yeah, they'll talk a good game on taking risks, but when it comes down to it people who took risks that failed tend to not be at Intel and other employees see that and think that maybe they need to play it safe.

> Yeah, they'll talk a good game on taking risks, but when it comes down to it people who took risks that failed tend to not be at Intel and other employees see that and think that maybe they need to play it safe.

I worked at Sears corporate when Amazon was getting big, about 25 years ago.

Always made me chuckle when armchair quarterbacks on TV would wonder why Sears couldn't do what Amazon did.

Bezos took tremendous risks in the late 90s and early 00s, while Sears was trying to figure out how to wring a few more pennies out of their stores. Sears Corporate was 110% focused on taking the existing business and maximizing profits, not on innovation of any kind whatsoever.

Re: Nvidia announces financial results for second quarter fiscal 2024

#86

Post by ericmay »

Uehreka wrote: post #74
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…

They’re all pretty motivated, they’ve been motivated for years, and almost nothing is happening. This situation isn’t exactly a poster child for the Efficient Markets Hypothesis. Every year just sounds like “Nvidia’s new consumer GPUs are adding new features, breaking previous performance ceilings, running games at huge resolutions and framerates. Their datacenter cards are completely sold out because they can spin s…

> This situation isn’t exactly a poster child for the Efficient Markets Hypothesis.

I'm unsure why you're criticizing the Efficient Markets Hypothesis or even using it here, but you need to also analyze this with some time horizon because the market and marketplaces are not static.

Re: Nvidia announces financial results for second quarter fiscal 2024

#87

Post by anjel »

I've seen a regular stream of reports on HN about people "sort of" getting AI done on laptops and non and lowly GPU machines. Is it unreasonable or far-fetched to imagine that someone figures out how to efficiently get it all done without GPUs and pull the rug out from under Nvidia?

Re: Nvidia announces financial results for second quarter fiscal 2024

#88

Post by kccqzy »

TechnicolorByte wrote: post #34

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 generati…

The moniker of "hard" engineering is neither precise nor useful. What makes engineering hard? Is solving problems with distributed systems, even if these systems are for ads, hard? Or do you mean hardware? In that case even Nvidia is not hard enough since they don't fabricate their own chips. Or do you mean designing hardware? Then what makes writing system verilog at a desk hard but writing Python not hard?

Re: Nvidia announces financial results for second quarter fiscal 2024

#89

Post by johnvanommen »

steno132 wrote: post #69

Nvidia's undervalued. Once enterprise adoption of AI picks up, demand for chips will increase 2-3 times further. I'm told Nvidia's building their own fab in Southeast Asia over the next few years. This will massively boost their output.

> Once enterprise adoption of AI picks up, demand for chips will increase 2-3 times further.

Possibly their greatest asset, as an investment, is their crazy high margins. Nvidia in 2023 is where Intel was in 2007, where they could basically charge almost any price because they were so dominant in the market. I remember when E5s were selling for $2000 a pop and data centers were using thousands of them.

Re: Nvidia announces financial results for second quarter fiscal 2024

#90

Post by SpacePortKnight »

anjel wrote: post #87

I've seen a regular stream of reports on HN about people "sort of" getting AI done on laptops and non and lowly GPU machines. Is it unreasonable or far-fetched to imagine that someone figures out how to efficiently get it all done without GPUs and pull the rug out from under Nvidia?

Just like existence of MariaDB does not prevent Snowflake from being worth $50B, just being good enough on laptop is not enough to replace the need for the cutting edge.
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