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this post was submitted on 28 Jul 2024
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I like how it mentions Nvidia and Microsoft as if this shit is an anomaly and it's actually profitable for the other guys and won't collapse we promise
Nvidia is in sell the shovels business, they'll be fine even if stock craters
With how hyped their stock price is right now, I'm not entirely convinced they would be fine if the bubble pops. Like, it's all made up Monopoly-money anyway, but if 90% of your valuation disappears overnight I feel like that might actually just rip all institutional money out of your company in an economic panic attack.
people use GPUs for real (not LLMs or making shrimp jesus pictures) shit, worse case scenario is there will be a firesale for gamers and unrelated machine learning companies to enjoy. Nvidia's stock will take a hit, but it won't kill them like it will kill hundreds of companies that went a little too all-in on LLMs.
Yeah like Lehman Bro’s. The only bad guys in the industry.