this post was submitted on 03 Jan 2025
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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.
All the profit, zero risk. Selling shovels is always better.
Except when no one wants shovels anymore.
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.
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 ..
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.