Let me fix that phrasing: “One of the richest men in the world complains that others did not give him more money after his business made so much money.”
What a sad existence. Find some other form of validation, dude.
Pretended to make a bunch of money. Stock buybacks and giving AI companies money so they’ll use it to buy your hardware doesn’t count.
In a gold rush, the real money is in selling shovels. But you have to take cash upfront.
Which is fine and dandy until the gold miners realize that they aren’t going to find enough gold to make it worthwhile and stop buying shovels and the market value of your company depends on your ability to continue selling shovels. Twenty five years after the dot com bubble burst, shovel seller Cisco is only just now reaching the same stock price they peaked at in early April of 2000.
Market cap is just share price times the number of shares. Can potentially be completely divorced from how well your company is actually doing. Conversely, a drop or rise in market cap doesn’t have to mean your company is doing better or worse. If you’re selling shovels, you still have the money when the music stops.
Yeah, they did some shifty stuff to pad their numbers. They still made an absurd amount of money.
He pulled the same BS during covid, record profits and sales of the 30-series cards and he tells investors on a call “don’t worry, we’re going to get through this” as people started going back to work.
the CEO said. “We’re basically holding the planet together — and it’s not untrue.”
No. No dude. No. Quite the opposite.
These billionaire fucks are completely delusional. They have to go.
What I heard from scientists is claims need validation, I say we need power in our experimental setup to verify claims. Jensen says he is holding the planet together, so, let’s eliminate Jensen and his next 5 in command in NVIDIA, n=6, and see if the planet breaks down. As a control, we cull Musk and his next 5 in command in Tesla and SpaceX. If the planet doesn’t break down, we start doing it internationally to billionaires till there’s a sign of a breakdown so we find out, empirically, how many billionaires are needed to support the planet. If we run out of billionaires before the planet breaks down, then the conclusion is the planet doesn’t need billionaires. Who else wants to do science?
Eh, I still want x86 to go the way of the dodo.
ARM too. RISC-V or bust. The whole Nuvia thing means that SoftBank can’t be trusted.
Nooooo! All my stuff is there!
🫧
I never understood how capitalists claim market prices are the true source of truth and yet disagree with it when it’s not the outcome they like.
That’s the neat part, it’s a scam
capitalists claim market prices are the true source of truth
Until any sizable amount decides to sell and it all falls apart because it’s actually not the source of truth lol.
The arrogance in some of those quotes. Holy shit.
Jensen, you and your entire company could disappear without a trace, today, and the world would be just fine.
Probably better, in fact.
Much better
I get your hate, but there would be significant turmoil in the world if the largest and most advanced GPU provider disappeared. So you’re sorta lying.
Scientific advances would slow and engineering tasks would also suffer from the lack of capability to run simulations. Eventually, AMD and Intel would pick up the slack and the world would start doing well again.
Yes, but, let’s speculate a second.
Jensen is just a guy, nvidia is just a company. If they both disappeared, the people who are actually responsible for the company to be “one of the largest and most advanced” in the industry would still exist.
They have a specific skillset that would then be in demand. Let’s say three or four of these people open new GPU chipset companies to fill the void with backing from desperate investors.
Now you have three or four advanced GPU providers all competing with each other. Who benefits the most from this?
Consumers. Us.
Calling someone a liar isn’t a great way to start a discussion.
First of all, you’re lying and completely wrong.
Second of all, I agree.
Jensen doesn’t seem to realize that the only company profiting from AI is nvidia, and they’re profiting from companies that are losing money on AI. It’s a very fragile ecosystem being over-inflated. A bubble, if you will.
The entire market saw the US government shovelling money in to your loading dock, Jennie. The market may be ignorant, but they’re not stupid.
Rich man complains investors saw through his circular financing scam to artificially inflate his
criminal gang’senterprise’s stock price.He’s had an ego like this for a long time. I’m glad more people see it now.
Passing the same $300 billion dollars back and forth between 5 companies does not make a great quarter ya nob, everyone sees how close the game is to falling apart.
Yup. Sounds like a Ponzi scheme.
What a crybaby…
The market doesn’t give a shit about you or your company. The people who bet lots of money on your company’s success or failure give a shit about whether your company is a pile of rubble in x amount of time when they can cash out.
Should be illegal for a company to comment on the stock market. It’s basically manipulation.
“If we delivered a bad quarter, it is evidence there’s an AI bubble. If we delivered a great quarter, we are fueling the AI bubble.”
The proper way to read this is:
“We absolutely, 100% are in an already over inflated bubble, therefore if we deliver a bad quarter it could be a sign of the bubble popping. If we deliver a good quarter, we are fueling the bubble further”
I wonder how the quarters are going to look next year when OpenAI cannot pay Oracle 6 times their current revenue in contracts, and therefore Oracle won’t deliver the contracted Data Center capacity requiring 2 non-existen Hoover Dams worth of power to run them and therefore NVidia will be left holding the bag on millions of commissioned but not sold GPUs
No one will appreciate when you crash the entire economy either you greedy cow
aww, Jacket man fall down go boom?
