this post was submitted on 03 Jan 2025
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How is Nvidia so high up the chart?
The people selling the shovels made more money than the miners during the gold rush. It's the same thing here. If you want to do AI at any sort of scale, Nvidia is really your only choice because AMD and Intel sat on their hands for so long.
All the profit, zero risk. Selling shovels is always better.
Except when no one wants shovels anymore.
That's the trick, people will always want shovels. Even after the gold rush ends, the only difference is demand for shovels goes back to normal, it doesn't disappear.
It is a shock, but at least they received their money without being left holding the bag. They have a committed backlog over a year long, they seem to be avoiding manufacturing more than they have already sold ..
Ahh, right.
There are some legit use cases for AI, so they will no doubt make a decent amount of money in the future from it.
Ai bubble
When the AI bubble burst, they've already made their cash selling shovels (being very anticompetitive) and walk away. Their startup competitors wither, and they are set for the next "thing."
Anticompetitive? Nobody showed up to compete. Nvidia has been developing Cuda and AI tools for many years. AMD and Intel ignored the market segment because it was a niche market for so long.
Gpu's