149
Nvidia hits $3tn and surpasses Apple as world’s second most valuable company
(www.theguardian.com)
That AI bubble sure is getting plenty of air pumped in.
this post was submitted on 05 Jun 2024
149 points (96.3% liked)
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There's so much money in AI they'll force it to be successful. Even if it's mostly air.
Just like 3D TVs!
Or subprime loans!
3D TVs sucked because they couldn't make a display economically enough that worked without glasses.
Nobody wants to wear 3D glasses all the time lmao
Can someone explain why to a layman? Don't they make graphics cards? I have one and it's fine, but what else is making it so valuable?
We are in an AI business explosion, they make the best hardware for those workloads and can charge whatever they want for them. Also this is not real value but investor value, so as long as the AI hype continues their value will keep increasing.
And that AI boom is following closely on the heels of a crypto boom that already had them pretty inflated.
It's not all imaginary, real money is being paid for AI services which in turn is being spent on GPUs.
AI, graphics cards are very useful for that too. And right now like every company is going all-in on AI.
High end graphics cards by themselves are some of the best computers for creating and training AI.
They make chips that do super complex math really really fast. They also make super fast networking gear to allow a crapload of them to do super complex math together
Basically their stuff is good for running AI, and investors are frothing at the mouth for anything with the word AI in it rn.
I bought 5 shares at $83, god I'm an idiot for stopping there.
We can always look back on shit like that and say stuff like that but investments are always risky.
Should be close to $83 again soon though! You can stock up
I don't want to talk about my 13 shares
Better than my 1 at 225$
https://mediabiasfactcheck.com/the-guardian/
Overall, we rate The Guardian Left-Center biased based on story selection that moderately favors the left and Mixed for factual reporting due to numerous failed fact checks over the last five years.
Detailed Report
Bias Rating: LEFT-CENTER Factual Reporting: MIXED Country: United Kingdom Press Freedom Rank: MOSTLY FREE Media Type: Newspaper Traffic/Popularity: High Traffic MBFC Credibility Rating: MEDIUM CREDIBILITY