The size of Nvidia’s opportunity is absolutely enormous. As CEO Jensen Huang said, the $1 trillion of hardware that sits in global data centers is "100% CPU." Now, much of that will become Nvidia GPUs.
6 months ago
6 months ago
In response kryptoknight.eth to his Publication
The demand to move those data center chips can be traced specifically to the rise of generative AI. As Jensen said, it has turned out to be the "killer app" for the GPU computing platform. All those ChatGPT and Midjourney prompts run on Nvidia GPUs. A lot of them.
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6 months ago
In response kryptoknight.eth to his Publication
The crazy thing is Nvidia stock had already gone parabolic before tonight. You could've earned a top-to-bottom return from the low tick on December 27 to today of 169%.
Stocks that follow this trajectory are generally terrible buys, so don't do that.
Stocks that follow this trajectory are generally terrible buys, so don't do that.
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6 months ago
In response kryptoknight.eth to his Publication
If we continue down this path, we'll enter an AI bubble. But we haven't yet. Compared to the asset inflation we saw of ARK, Bitcoin, or FAANG (>250%) in the past few years, we have quite a ways to go.
In cases like $NVDA, it appears that there might be profits underneath it all.
In cases like $NVDA, it appears that there might be profits underneath it all.
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6 months ago
In response kryptoknight.eth to his Publication
But following the action certainly is interesting. AI hype has crossed over from LinkedIn to the stock market:
Nvidia is mooning.
Every earnings call is all about AI.
Every company that focus on AI like Google & Palantir is going up.
Nvidia is mooning.
Every earnings call is all about AI.
Every company that focus on AI like Google & Palantir is going up.
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