this post was submitted on 03 Jan 2025
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[–] FlexibleToast@lemmy.world 71 points 2 months ago (2 children)

The people selling the shovels made more money than the miners during the gold rush. It's the same thing here. If you want to do AI at any sort of scale, Nvidia is really your only choice because AMD and Intel sat on their hands for so long.

[–] Dagnet@lemmy.world 22 points 2 months ago (1 children)

All the profit, zero risk. Selling shovels is always better.

[–] HansGruber@sh.itjust.works 1 points 2 months ago (2 children)

Except when no one wants shovels anymore.

[–] djsoren19@yiffit.net 4 points 2 months ago

That's the trick, people will always want shovels. Even after the gold rush ends, the only difference is demand for shovels goes back to normal, it doesn't disappear.

[–] jj4211@lemmy.world 2 points 2 months ago

It is a shock, but at least they received their money without being left holding the bag. They have a committed backlog over a year long, they seem to be avoiding manufacturing more than they have already sold ..

[–] Ilovethebomb@lemm.ee 20 points 2 months ago

Ahh, right.

There are some legit use cases for AI, so they will no doubt make a decent amount of money in the future from it.