pcmasterrace
First 4 Trillion dollar company in history of humankind
Discussion
It's actually only 1tn, but they're using DLSS4.
4090 performance right there.
Um, actually, DLSS 4 frame generation is only available on the 50xx series cards 🤓
It was referring to them saying the 5070 cards had the performance of the 4090 for 500 dollars because of dlss 4
MFG (Money Fortune Generation) x4 in full effect
That leather jacket's gonna get even more leathery.
The next one is going to be made out of human skin to assert a total dominance.
flayed from amd fanboys
Is userbenchmark going to be hunting down the fanboys for Jensen’s jacket?
well jokes aside i guess his crazy enough for it
It is going to be diamond studded next CES.
Diamond studded alligator pimp coat coming soon
gold plated leather jacket next
Emeralds and all.
"The more you buy, the more you save".
Diamond leather jacket even 🤣
THE MORE YOU BUY THE MORE YOU SAVE
THE MORE YOU BUY THE MORE YOU SAVE
THE MORE YOU BUY THE MORE YOU SAVE
THE MORE YOU BUY THE MORE YOU SAVE
By Grabthar's Hammer, what a savings.
Lol fuck the gaming market it means nothing to them 🤣🤣🤣
AMD said recently that the gaming industry used to be the driving force for innovation, but now it’s AI. That’s true while the gaming industry has gotten wayy bigger, too.
Lots more money in enterprise customers than consumer unfortunately
They could have more money from consumers if they actually priced their shit worth buying. This goes for all tech honestly.
While I agree that they would have more sales and profits from that, I don’t think that they would yield more out of customers than what they’re milking out of businesses. The budget that their enterprise customers collectively has significantly outweighs the budget of the collective consumers.
It’s probably not worth to make more sales on less profit when semiconductors are difficult to procure
> They could have more money from consumers if they actually priced their shit worth buying.
Nah, it's the limited supply chains that drive the cost way above msrp. You can't sell more if you don't have enough stocks.
They could have more money from consumers if they actually priced their shit worth buying
I think they know what they're doing. Lets say they cut prices by 30% across the board. Does that magically make them more money? They would probably need to double the amount of sales to make up for the huge loss of margins. Is there even room for that? Not really.
AI bubble money, we’ll see if it lasts
It won’t. AI is cool and a powerful tool. But it’s not what NVIDIA wants investors to think it is, but all the investors are too far up their butts to recognize that this bubble has to pop sooner or later. Once it starts to sink in that AI isn’t everything it’s cracked up to be it’s gonna come crumbling down
IMO it’s a similar situation to the DotCom bubble. Websites are incredibly useful and have been very successful economically but when every investor on the planet went whole-hog on a limited and developing technology they overextended and the market snapped back to reality.
LLM’s are a useful tool especially for research and creating filler content but they’re far from perfect and have substantial issues that need to be addressed and limit their applicability.
AI is a solution looking for a problem. Most people just don't need document summarization or letter generation that badly, at least not enough to pay money for them. I know there is more to AI than LLMs but that's where the biggest projects are.
This. And it's frustrating that companies are force feeding it down their employees throats basically saying you must find SOMETHING to use AI for or else. Like seriously I'm all about it for certain projects but making me go out of my way to use it is just annoying.
Would you have said the internet was a solution looking for a problem when it was being developed? I think AI is in a similar spot right now. Meaning, it is a very general technology and can be applied to nearly every industry, albeit not in an obvious way
investors know nothing but spreadsheets, so they'll invest in anything that has "AI" slapped on the side of it, much like during the dotcom days they invested in anything that was "on the web". Then the day of reckoning came where they actually expected a return on investment and realized that a lot of these websites weren't actually making any money. Same will happen for AI.
Yeah this is my stance basically too.
LLM’s are a useful tool especially for research and creating filler content but they’re far from perfect and have substantial issues that need to be addressed and limit their applicability.
People have argued this for the past 2 years and it hasn’t proved much, LLMs just keep improving and expanding applications.
they overextended
That's precisely it. Some people have bad connotation and whenever they hear word "bubble", they think it has to mean some sort of failure, while AI is clearly not a failure, right? Right but you can overinvest everything, even success story. It's not a botomless well and at some point it will burst.
Just wanna take this moment to rail on the stock market.
Publicly traded companies, 9.9 times out of 10 are the companies that fuck around with customers. I mean, we're no longer their focus; investors are.
The stock market and the allowance of public trading IS THE DRIVING FORCE behind the economy shifting from a focus on the people and their money to focusing on corporate profit and interests.
Just look at the gaming scene. Ubisoft, EA, Bethesda, Activision.. the list goes on. Every company that burns their customers and treats the "world of gaming" like shit are publicly traded. EVERY. TIME. And the majority of companies that focus on mantaining good-will with their customers and actually do good things for their market are private. Valve is the primary one. Hell, even Epic. Even if you hate their store and practices, they put everything on the line for the CUSTOMERS. Free games and hemorrhaging money just to get people onto their store? You think they could do that with investors breathing down Randy's neck?
Public investing and becoming a "public company" is a cancer. The stock market is a cancer. It's all a cancer on society. All of it. The stock market needs to crash and burn.
The stock market will be what kills society-supporting capitalism and turn it into abusive corporatism.
Yep, stinky private equity as well. IMO going public to achieve a goal before going private again is fine, but being permanently a publicly traded company is so destructive for consumers.
I only support private equity because 1. businesses have to start somewhere and selling a slice of the pie to a rich bastard is a great way to do it and 2. I support businesses that give private equity of the business to their employees.
While in this scenario you'd have a rich person to keep happy, its way less limiting and "profit focused" than a board of shareholders. Whose ONLY purpose is to ring out as much money as possible. Forget the people the company is meant to sell to or support. Think Shark Tank, where at least they give help, connections, and support as well as money.
It's at least possible to give out private equity shares and still be a business that doesn't make profit the only reason to exist. Plus, I find it a bit tyrannical to tell someone they can't sell part ownership of their business. It's just different enough from public trading that I am split on how I overall feel about it.
NVIDIA is trying to pivot to actually useful tech, beyond LLMs. If they succeed it doesn't matter if the LLM bubble bursts. I really doubt AI as a whole is going to burst though. It's mostly consumer-facing AI (mostly LLMs and image models) that is useless. Enterprise actually has good use for AI/ML, and to some extent LLMs. AI in the sense of ML is not going anywhere.
Doesn't mean there won't be a hard correction. Normal part of long term growth
People aren't aware how far semi-autonomous robotics have come in just a few years. I've seen one 'hired' at a relatively low-tech food manufacturer where it works as a mobile sensor. Doing all sorts of things from detecting leaks, heat signatures al the way to safety violations. It uses AI to understand what it's seeing with camera's.
nVidia had the crypto bubble in '21 and the fall from that was save by the even larger AI boom.
I can only speak from an art/CG and to some degree product design perspective. Many think it will completely replace traditional work in our field, but i honestly don't see it. Sure it is great, but just an additional tool i use now in my pipeline. Personally i use it mostly for reference and concept work before building it for real with the addition of normal references (google image search) too. But i know a few who even compose ai image elements into the work, though i prefer having more control when doing 3D scenes. Basically hybrid workflow. Every concept artist in the industry uses it along with traditional work.
I find it funny, because ever since i started this work, people called CGI lazy and not "real" art. Just look at the movie industry for that. You just press a button and the computer does the work for you. Now i use AI in my work process as described for references and get called lazy, because AI does the work for me, i don't do real work...
For me it's just another tool. Way too much hype on one side, but as i unfortunately learned recently, some hate from the other side too.
You can make any old start up, slap ai on it, and do a merger to go public. Builder.ai is an hilarious example of this. It's the dot com bubble all over again.
Why are these comments exclusively focusing on AI as if the only usecase it will ever have is some novelty generation for consumers?
They want to believe AI is fake because they don't want to worry about their jobs being replaced
Because the bubble will probably burst long before the type of AI that is popular now is profitable or even really all that useful.
this reads like that dude who said that in the future PCs will be so big and expensive that only the richest of the richest could afford to have one
what about ai for medical purposes?
We can hope it won't, but at the rate things are going, I'm hesitant to think that just yet.
Cant see it dissapearing anytime soon.
It’s probably a lagging indicator and unclear if it actually would crash much when AI pops. They’re making bank selling GPU’s for AI data centers but when demand for newer and bigger AI models dries up with investment interest that market will shrink substantially. Nvidia is all-in on AI GPU’s so they’ll have to either pivot or see substantially reduced demand as new AI-specific data centers become less common.
Some AI companies will pop (because many of them are just ChatGPT wrappers lol), but not AI in general. It's way to useful already today to somehow disapear.
The threat to them is Google, MSFT, Amazon making their own AI chips and selling use of them to customers.
It’s not going to pop until I finally relent and put my life savings into it
AI is a lot more than just chatbots and image generators. Those might be a bit overhyped, but AI is here to stay.
Future self driving cars will be powered by AI, factory automation will be powered by AI, development of new medicines will be powered by AI, general purpose humanoid robots will be powered by AI and so on.
The possible market immense.
I doubt it will pop, AI is not going away. It’s like the .com boom, the end of that wasn’t the end of the internet, quite the opposite
Cisco was $75/share in 2000, after 25 years it is back up to $68/share (accounting for splits, etc.). NVIDIA is the Cisco of the AI bubble. It won't go away, but the valuations are incredibly irrational.
I can’t wait for the pop purely so the AI bros who are grifting right now get absolutely hosed. Any positive effects on computer component pricing is a side benefit.
It's not all "AI bubble money" and I would bet it does last. They are massive players in the AI arms race but also key players in quantum computing as well. They are forward thinking and acting. Not going away any time soon.
Yeah trying to guess when to short Nvidia is the game
People have been saying AI is a bubble for 2 years now, will it ever pop? Can a bubble survive this long?
The 2008 real estate crisis took almost a decade for bad investments to catch up to the market
My guy, the same people who claim AI is just a trend that will pop are the same people who think that we have been in a housing bubble, globally, since the 2000s.
First 1 trillion was apple not long ago and they already reached 4t...
wasn't it 10 years something ago? have I lost my sense of time?
After having children I can't tell if it was last year or 10 years ago. So no idea.
It's scary how much power a corporation has with this much money AND compute.
Arasaka in the making
Eh im sure they’ll make some movie about this dystopian future hellscape and us humans going extinct in front of our AI machine overlords. But we’ll learn from it before it ever actually happens
Market value != money.
Dont you just love fake money.
Jensen needs a new leather jacket, so plz keep buying 😅
Damn AI really is the next dotcom bubble huh
Would you be so kind as to enlighten me on the matter of what is the dotcom bubble?
In the early era of the internet, notably internet commerce companies (but also pretty much any website that had good traffic even if it made no money) got insane market valuations. Think about startups that had billion dollar valuations within 2 years despite not making any money. It burst and lots of investors and sharholders lost tonnes of money because there wasnt really much profit to be had at the time on the net.
Thank you kind stranger, i shall sleep wiser tonight thanks to your intervention.
Someone else explained it well, but I'll just add that being a bubble doesn't mean it's useless. As we know the internet (and internet based companies) have been massively successful, the bubble existed however because literally anything that slapped "dot com" on it and touted itself as an online business could have millions of dollars flooding in from investors hoping to get in on the ground floor of the next big thing.
But obviously only a handful of companies can be the dominant players in a market, so tons of these businesses that didn't really offer anything of value went boom and the stock market crashed hard.
The same thing is currently happening with AI - every business is trying to brand itself as having some kind of AI integration or being the future of AI tech to attract investment, and there's a similar gold rush to get into the next ChatGPT before it booms.
So the same thing is likely to happen again - a few genuinely useful AI products stand tall, and a bunch of nothings lose millions for their investors.
That just describes capitalism.
Also it might seem natural to use the dotcom bubble as comparison but the differences are just as big.
This time it's not just "wishes and dreams" and startup companies, the AI "hype" is mostly lead by very established companies and in the case of Nvidia it's not even just a "service" they sell, they actually sell a physical product to real customers in the here and now.
That obviously doesn't mean they can't be "overvalued" on the market but even then at best you could argue for a correction in price later on but it doesn't fit the criteria for an actual bubble.
Besides that it is easy to underestimate the impact any successful AI "product" could have.
IF AI becomes a success then you can't compare it to your typical products or services you usually had, it literally upsets many of the foundational pillars of our economic system.
Saying something like "a few genuinely useful AI products" is like saying "a few evolutionary breakthroughs" which also describes one of the core problems. AI is often "packaged"/described as a product or service and it will certainly serve that function too but that's the thing with AI, it won't be just that one thing, it isn't even in it's "primitive" stage today.
It's like someone in the 19th century saying "this steam machine will certainly create a few great products and a lot of others will lose money", it is kinda missing the bigger picture, ie AI products/services that certain companies will sell will only be part of a much bigger picture and that will of course mean that there will be winners and losers in the market (again that is just capitalism) but it doesn't matter if company X will be a winner or loser in it because the general societal impact will be so much larger.
It's like thinking the industrial revolution was just a "bubble" because railway companies didn't stay the giants of industry or the internet wasn't revolutionary just because AOL went from giant to nobody.
I dare to say we still aren't prepared for any scenario where AI fulfills even just a fraction of the more optimistic predictions. Just the results from that would transform society so quickly and so thouroughly and it is basically impossible to "price" it in any way.
The term "singularity" is at this point overused but it truely does capture the fact that it's pretty much impossible to imagine the impact AI will have (and that won't require the "magic" kind of AI).
Wasn't the VOC (Dutch shipping trade company) like 8 trillion dollars when converted to todays money?
Most valuable company in history was the Dutch VOC.
For a second I though maybe this was posted by AI.
You know what, a trillion dollars really isn't much anymore.
And back in the day I thought $35 a share was too much for me to throw some $ at...oh well
First 4 Trillion dollar company in history of humankind
Thank you for clarifying. At first I thought we were talking first in history of soft shell crabs.
Verenigde Oostindische Compagnie used to exist man
This bubble too, is gonna burst sooner or later 🙂
It's free money shorting it then
The .com bubble sure didn't teach investors nothing
They are upscaling their worth, guys DLSS is amazing
Market cap doesn't reflect the nominal value. Doubt Nvidia is even worth $1 Trillion but hey everyone being sold a dream.
Imagine if they used DLSS4, it would have been 20 trillion or beyond.
Overcharging for GPUs really pays off doesn't it ?
This is comical. Nothing can ever be worth remotely near that value. It's all speculative made-up money. There's no assets to back this valuation up. There's no assets to back 10% of this valuation up even. When this bubble bursts it will be glorious.
No asset? The asset is the cards they make.
Why will it be glorious? There’s nothing glorious that happens in the fallout of a stock market bubble burst
Returning to a more efficient market would be nice, no?
It's all speculative made-up money. There's no assets to back this valuation up.
yes, thats how the stock market works.
Stock market valuations are complete bullshit
It's easy to go up when you're valued in USD and USD is in free fall.
No it's not, and not even close. The Dutch East India Company would be worth about $7.8 trillion today.
i searched this post for the word india because i just knew there would be some smartass know it all to refute this claim using this example. i was not proved wrong.
Lmao you can't just claim a dead company would be worth a this amount today. By this logic the first guy to invent fire would be worth a gorillion dollars today.
Do you have any slightest idea about history, mankind or economics? You are the one who make that claim as "History of mankind". You cant just made up things because you feel like. Thing you called "by your logic" is scientifically calculated that way.
This has been widely debunked.
There’s a great Reddit thread on this but I can’t link to it in this sub
Wasn't so long ago that Apple being a $1tn company was major news. Shows how worthless the currencies are.
Thank god for my stonks !
Fear and Greed Index is at greed - extreme greed level, should I be concerned if I want to invest in the long term (10+ years)
4 trillion isn’t enough make it 10. Said shareholders probably
Someone has to invent leather from some kind of exotic animal so that Jensen feels super special on the next keynote.
I gave them $980 for a 3070ti.
I will never forget.
And my 5080 still doesn't freakin work.
your first mistake was buying a 5080
Why what's wrong with it?
Who’s hyped to watch the bubble pop?
Terrific. Terrific. Glad NVIDIA made more money than other companies that make a lot of money. That's fantastic news. Hopefully a fraction of a percent of that can go to unfucking the planet.
Overvalued
Ralph Wiggum voice. I’m a financial expert.
Yet my 4070TI can't stay below 90 degrees while under 60% load in a clean case with a fan on it. Awesome Nvidia, super cool products.
FE model? You should re-paste it
And I still got laid off LOL
Pc is looking more like a rich man's hobby
Pretty mad, leather jacket sales have gone through the roof too I'm sure.
Insert Jensen quote: "We're gonna be rich"
okie dokie
Meh
Jensel loves this
'We're gonna be rich'
Isn't this also dependant on the value of the USD? Just a thought.
😮💨
The US dollar is worth about 10% less so far this year, compared to other currencies.
My 1080ti contributed to this :3
What was it ol' leather jacket smugly said, "The more you buy, the more we profit", or something?
The stock marlet stopped making sense in the early 2000’s. Math don’t math any more
It's insane to think that it's P/E ratio is half of AMD's even at this insane valuation. What kind of earnings growth is it generating?
And everyone here wish this company collapsed
VoC beat them to it
The forerunner of Skynet
Ye, i dont buy at 94usd 😬😶🌫️🤷♂️
I'm so glad I bought it back in January
and still can't make a GPU properly
I got a strong feeling, that capitalism escalates into ridiculous speed currently.
Wasn't it just yesterday, that everyone was guessing which would be the first ONE trillion company ?
those leather jackets aren't going to pay for themselves
I thought I was on WSB, lol
And they still want more
Bonkers really lol
They're being implemented in military contractors' weaponry. A lot of money and blood there.
That is unable fix it's broken software - drivers, and faulty hardware - power source port.
Didn’t that guy start off at Dennys as a cook or something? That’s such a wild jump.
Kinda neat to see hardware get recognized over software for once. I feel like a lot of companies just ignore hardware.
He worked part time at Denny's as a dishwasher yes, but the part that's left out is (while getting his masters degree at stanford).
1 million seconds is 11.5 days, 1 billion seconds is 31.7 years, 1 trillion seconds is 31,709 years, 4 trillion seconds is 126,839 years. So glad we live in this society where people still make a federally mandated $7.25 an hour...
Good for investors bad for consumers :/
Glad to know I didn't help!
What goes up must eventually crash down....
Reddit is in shambles lmfao
Shout-out to the child slaves in the Congo mining the materials for their gpus
My lord.
Pretty sure Dutch East India Company was worth more than Nvidia currently is.
I’m pretty sure he will retire before the AI bubble bursts so he’s seen like it wasn’t his fault for the downfall when it wasn’t supposed to be that high to begin with
the funny thing is nvidia hasnt gotten any more valuable since the beginning of the year, the dollar just lost a bunch of value.
I remember when i first got into stocks and PC gaming, I went all in on AMD because I thought they were going to overtake the GPU market like they did with the CPU market with their Ryzen processors.
Boy was I wrong!!! 💀💀💀
Laughs in Dutch East India Trading company VOC
Its calculated they were worth around 7.8 trillion at their time
They only had to sell 30 5090s to make the jump from 1Tn
That's like 100 Whole Foods chickens!
Or two dozen USDA grade-Z eggs
Two football fields
It’s the size of Rhode Island!
But that was also all they produced.
My guess is that nvidia will scrap gaming in the near future. Why waste capacity on a 2x margin when you can get 30x.
Because gaming is a stable market that they'll always be able to draw income from, while it's still up in the air if all the ai stuff will be as profitable as it is now in the future. May as well keep a safety net in place just in case
Maybe, however, their gaming business is so small now compared to the datacenter business so it wouldn't sustain the company as it is today.
It will never make them a lot of money. I feel like the main reason would be to continue to beat down any GPU competition. If AMD captures the gaming market it would be easier for them to try and stick their toe in the AI market.
Like how my town had 2 gas stations and one went up for sale. The other gas station bought it and now has two on the same block. Better to take a loss on one than let any competition in
The most tragic thing is AMD can't even really capture the gaming market cause they're competing for the same manufacturing capacity as Nvidia's AI chips.
They would be making and selling more 9070s by now if they could.
Can't wait to have a computer with two GPU bricks, one for gaming and one for AI!
They won't, we will just get the chips that don't make the cut for their AI cards with even more inflated price.
Performance goes down, power draw and price goes up.
I doubt they will dump gaming anytime soon. Put it on the back burner like Intel did for years maybe, but at this point it is far to easy money to leave on the table for them to dump that whole market segment I think.
Local micro center has so many clearance 5080s and 5090s sitting around it's embarrassing. Ive never seen a new generation get returned so much
They already did. Why do you think the drivers are so shit suddenly?