this post was submitted on 21 Jan 2024
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This. Corporations are lining up in droves for gpu's to run AI applications. Nvidia doesn't care about regular consumers because we aren't even their primary market anymore, just a bonus to be squeezed.
If Nvidia pivot completely out of the consumer space, which I can totally see coming, they are placing the company totally dependent on the AI hype train. That's a fairly precarious position in my eyes. I've yet to see an actual application which it solves with enough reliability to be more than just a curiosity.
They leaned their strategy pretty hard into mining when that was on the table. They for sure chase trends and alienate their base. Any way to juice near term profits and they will. It's working out for them right now, so surely it will forever.
They got astronomically lucky the crypto boom fed directly into the Ai boom as it ended, otherwise it would have been 2017 all over again.
Yeah but if they pump their valuation high enough, they will have plenty of time to sell off shares before their decision start to effect the rest of the people who work there.