It is all AI hype isn't it?
this post was submitted on 05 Jun 2024
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Now we just have to wait for the crash.
Always has been
Not quite, it used to be crypto hype.
AI wank
Most rational stock market analysis.
I wonder why AMD stock hasn't really gone significantly up (500% vs over Nvidia's 3000% in last 5Y). They make GPUs too
This is all AI hyoe, which Nvidia is sadly much ahead of their competitors.
Problem is, that's why they're jacking up their price and pumping GPUs so quickly a good chunk of them are DOA and their customer service sucks too. No one likes dealing Nvidia on any level which is why everyone is making their own asics to get away from having to buy Nvidia gpus.
Because of a lot of things. From graphics side RTX and DLSS left AMD catching up (even if RTX isn't really that big of a deal now), then there was Nvidia cards being better at crypto mining and now it's Nvidia cards being better at AI computation + Nvidia pivoting into AI hardware space..
If you want to boil it down to the undeniable, it's that Nvidia is just better at marketing. Everyone knows what Nvidia is doing. What is AMD doing? Besides playing catch-up to Nvidia.
In one word: cuda
I feel like the executives are all in this "AI" echo chamber. Like, most people grossly misunderstand what AI is, what it does and what it cannot do, with current tech... And all the execs are sitting around in a circle jerk making up solutions using AI, for which there is no problem to solve.
Don't get me wrong, some companies are doing cool shit with it. Not necessarily practical shit, but cool nonetheless, other companies just seem to be drinking the AI Kool aid and throwing it at fucking everything for no goddamned reason just to get in on the hype. Investors are close behind, trying to ride the coattails of their "success" to riches, and it's all just a self-reaffirming system with no basis in reality.
Nvidia is the one profiting here, all this AI smoke and mirrors needs something for it to run on top of, they're selling the physical tools to make it go. Whether it goes somewhere useful or drives off a goddamned cliff, doesn't matter to Nvidia in the slightest. They made their money. Get wrecked.
With a quarter the revenue of Apple