Timely_Jellyfish_2077@programming.dev to Technology@lemmy.worldEnglish · 6 months agoNvidia overtakes Apple as the second most valuable company.www.cnbc.comexternal-linkmessage-square93fedilinkarrow-up1425arrow-down115
arrow-up1410arrow-down1external-linkNvidia overtakes Apple as the second most valuable company.www.cnbc.comTimely_Jellyfish_2077@programming.dev to Technology@lemmy.worldEnglish · 6 months agomessage-square93fedilink
minus-squareNighed@sffa.communitylinkfedilinkEnglisharrow-up4·6 months agoNvidia IS making a profit on it though. It’s the whole “in a good rush, sell shovels” thing.
minus-squareNeshuraAlinkfedilinkEnglisharrow-up5·6 months agoMy 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.
minus-squareTelodzrum@lemmy.worldlinkfedilinkEnglisharrow-up1·6 months agonVidia is selling shovels and picks during the AI gold rush.
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.