AI shovelmaker Nvidia’s share price hit an all-time high of $140.76 last Thursday, briefly making Nvidia the single most valuable company in the world. But what goes up for no good reason must com…
I think this “AI” (a marketing term) bubble will flop per the article we linked in the post: this is a bubble fueled entirely by investors, mostly VC, throwing money into a fire of unprofitable businesses selling services at a loss that don’t actually work.
I spoke to a pile of AI industry peons who think the VCs will get sick of setting money on fire by the end of this year. I woulda given it two years myself - there are hundreds of billions of dollars desperate for a home - but the number I was consistently hearing in March was “three quarters”.
Maybe the Nvidia price will weather it. It took a hit when crypto crashed, though not a huge one.
For Christ sake how many meaning do you think VC has?
we’re talking about a frequently used initialism on this community, which you may want to read more of, or not. Did you find this post by keyword searching?
Bragging how you didn’t read something is also ill-favoured here.
shit, thanks to the orange site and tech hypercapitalism in general, VC in the investing sense is an incredibly commonly-used term everywhere in the industry. so between them pretending your site won’t load and flip-flopping between being a tech investing expert and someone who apparently doesn’t know fuck about shit… well, you know what I’m thinking
so just to confirm: you’re a tech investing expert who posts on Lemmy but doesn’t know about archive links or extremely common tech investing acronyms? is that correct?
oh sure, it’s an excellent company as a long-term hold. This is still a bubble and I think the numbers will go down when it pops.
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I think this “AI” (a marketing term) bubble will flop per the article we linked in the post: this is a bubble fueled entirely by investors, mostly VC, throwing money into a fire of unprofitable businesses selling services at a loss that don’t actually work.
I spoke to a pile of AI industry peons who think the VCs will get sick of setting money on fire by the end of this year. I woulda given it two years myself - there are hundreds of billions of dollars desperate for a home - but the number I was consistently hearing in March was “three quarters”.
Maybe the Nvidia price will weather it. It took a hit when crypto crashed, though not a huge one.
The next AI winter can’t come too soon. They’re spinning up coal-fired power plants to supply the energy required to build these LLMs.
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we’re talking about a frequently used initialism on this community, which you may want to read more of, or not. Did you find this post by keyword searching?
Bragging how you didn’t read something is also ill-favoured here.
shit, thanks to the orange site and tech hypercapitalism in general, VC in the investing sense is an incredibly commonly-used term everywhere in the industry. so between them pretending your site won’t load and flip-flopping between being a tech investing expert and someone who apparently doesn’t know fuck about shit… well, you know what I’m thinking
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every edit you make just digs the hole deeper
so just to confirm: you’re a tech investing expert who posts on Lemmy but doesn’t know about archive links or extremely common tech investing acronyms? is that correct?
it actually stands for Vuy nCidia
why in fuck would you want to invest in the Wii Virtual Console after Nintendo shut it down?
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I have hereby laughed my entire ass off
I was having a shitty day but laughing at your tantrum brightened it a little. Thanks!
*throwing a fedora like a shuriken* haha, consider yourself blocked good sir!
Please touch grass.
@Buffalox
Obviously he means Viet Cong, they’re huge in AI.