I watched teh 2 hour keynote. The question is - is teh stock overpriced or not? I understand the many applications that can use GPUs to accelerate work, and clearly some of it is extremely impressive. But the perception is that AI is going to drive hardware sales. The "accelerationists" are touting a future full of usefiul AI, even AGI, as the backened server farms scale. But what if that does not happen? We've seen this overoptimism before - Silicon Graphics, Sun Micro, and now could it be NVIDIA?
Nvidia has sp far grown into its rising valuation due to globally surging demand. Yes similarities to prior cycles, but the valuations at this early stage this time not as stretched yet. Momentum in either direction in these cycles can last a long time. Good questions to ponder for all investors.
Congratulations on your 300th daily post!
I watched teh 2 hour keynote. The question is - is teh stock overpriced or not? I understand the many applications that can use GPUs to accelerate work, and clearly some of it is extremely impressive. But the perception is that AI is going to drive hardware sales. The "accelerationists" are touting a future full of usefiul AI, even AGI, as the backened server farms scale. But what if that does not happen? We've seen this overoptimism before - Silicon Graphics, Sun Micro, and now could it be NVIDIA?
Thoughts as this is yor field of expertise.
Nvidia has sp far grown into its rising valuation due to globally surging demand. Yes similarities to prior cycles, but the valuations at this early stage this time not as stretched yet. Momentum in either direction in these cycles can last a long time. Good questions to ponder for all investors.
Michael with great appreciation. LOVE your daily newsletter. Miss You . Thanks Bruce