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Nvidia overtakes Apple as the second most valuable company.
(www.cnbc.com)
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this post was submitted on 05 Jun 2024
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Nvidia IS making a profit on it though. It's the whole "in a good rush, sell shovels" thing.
My Point is more that their revenue stream will temporarily take a giant hit during that, when everyone is busy going bankrupt the few AI companies that make a profit with it have better things to do than buy new Accelerators right that instant.
nVidia is selling shovels and picks during the AI gold rush.