Yes, go on, let NVIDIA buy intel. Let them buy AMD too. What could go wrong. I love monopolies! /s
I wonder how this guy feels when he watches everyone in the streets trying to make ends meet.
Probably feels he deserves it. :)
This is all so normal and sustainable.
If this is all Nvidia stock let him try to cash out and see what happens.
You dont need to sell your stocks to access that wealth. You can use that as collateral to take loans or exchange stocks.
Elons everything comes from having overpriced tesla stock as collateral
“unrealized gains” that you can somehow live off of indefinitely.
LOL
The thing that bothers me when people say “oh its unrealized gains, it’s not real money” is that they use those unrealized gains as collateral for loans of real money. They effectively ARE that rich.
“AI” technologies (in case of complex “universal” models, and not ML for narrow applications) suck for the same reason oil product based technologies suck. And that’s not global warming and microplastics. That’s power centralization and globalization the wrong way.
Both those enormous datasets and dedicated hardware for them are points of centralization.
No, he’s not. It’s only his inflated market value.
He can turn a significant chunk of this value into actual dollars, even without selling the stock. This line of reasoning that execs’ worth is not what it seems to be because it’s based on share value is constantly used to discount their wealth and argue against acting on wealth inequality.
Both numbers are based off market value, though
Crazy how quickly NVIDIA went up. I wonder if they’ll crash down just as fast should the AI hype either die off or shift to other manufacturers (Intel, AMD etc.) or in-house solutions (ex. Apple Intelligence).
Apple is not there yet, its models were strained on Google hardware. Though I am surprised it wasn’t Nvidia hardware.
What’s “Google hardware”? Likely just NVIDIA hardware running in Google’s cloud?
No no, Google does actually have its own custom proprietary AI hardware - https://en.wikipedia.org/wiki/Tensor_processing_unit
I just want to get a graphics card for less than the rest of a rig combined… shits ridiculous, and AMD doesn’t seem to be even trying to compete anymore
I’m coping for RDNA4.
Which means they’re in a bubble because Nvidia’s total assets (85B$) value is less than half of Intel’s (205B$). I refuse to believe that the “potential for growth” of Nvidia is worth anywhere close to 120B$ in actual value even in the next 5 years. I see only two things here: either Intel is undervalued, or Nvidia is overvalued. I think it’s both. When that bubble bursts it’s going to hit very hard for a lot of people because it’s the same thing as the other big tech companies (apple google meta etc) are all valued based on predictions and magic when the companies that have an actual intrinsic value are worth less
