NVIDIA, a major AI chip player, saw a $406 billion drop in market value this week due to US economic concerns, losing about 20% over two weeks. Its stock volatility exceeds Bitcoin’s, with a 30-day volatility around 80. Recent declines stem from a weak forecast, issues with its Blackwell chip, and antitrust probes. Despite this, NVIDIA’s shares have doubled in 2024, adding $1.3 trillion to its market value. Analysts are optimistic due to strong AI investments from key clients like Microsoft and Meta, even though revenue forecasts fell short of high expectations.
kerodon on
Oh nooooo what will they do to survive until next week when they regain that and more :((((
Btw Google says they’re currently worth 2.52 trillion USD so I think they’ll survive
chig____bungus on
And because probabilistic gibberish that sounds enough like speech people think it’s intelligent has turned out to not be that useful.
Skepsisology on
Temporally dense computation is a fundamentally valuable commodity – providing more compute per joule than competitors transcends the economy
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NVIDIA, a major AI chip player, saw a $406 billion drop in market value this week due to US economic concerns, losing about 20% over two weeks. Its stock volatility exceeds Bitcoin’s, with a 30-day volatility around 80. Recent declines stem from a weak forecast, issues with its Blackwell chip, and antitrust probes. Despite this, NVIDIA’s shares have doubled in 2024, adding $1.3 trillion to its market value. Analysts are optimistic due to strong AI investments from key clients like Microsoft and Meta, even though revenue forecasts fell short of high expectations.
Oh nooooo what will they do to survive until next week when they regain that and more :((((
Btw Google says they’re currently worth 2.52 trillion USD so I think they’ll survive
And because probabilistic gibberish that sounds enough like speech people think it’s intelligent has turned out to not be that useful.
Temporally dense computation is a fundamentally valuable commodity – providing more compute per joule than competitors transcends the economy