• khepri@lemmy.world
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    8 hours ago

    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.

  • FahrenheitGhost@lemmy.world
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    7 hours ago

    Meanwhile on the Titanic:

    “People are getting so upset about a little water in the hull. They clearly don’t appreciate how great the trip has been so far!”

  • verdi@feddit.org
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    14 hours ago

    Rich man complains investors saw through his circular financing scam to artificially inflate his criminal gang’s enterprise’s stock price.

  • prole@lemmy.blahaj.zone
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    12 hours ago

    The market didn’t appreciate that you had a good quarter?

    The fuck kind of bullshit logic is that?

  • CovfefeKills@lemmy.world
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    13 hours ago

    People just cashing out into other ventures it is easier to double your money elsewhere than Nvidia reach 10 trillion.

  • Grandwolf319@sh.itjust.works
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    1 day ago

    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.

    • NotMyOldRedditName@lemmy.world
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      7 hours ago

      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.

  • Assassassin@lemmy.dbzer0.com
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    1 day ago

    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.

    • ceenote@lemmy.world
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      1 day ago

      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.

        • greygore@lemmy.world
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          3 hours ago

          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.

  • kn0wmad1c@programming.dev
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    1 day ago

    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.

  • artyom@piefed.social
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    1 day ago

    the CEO said. “We’re basically holding the planet together — and it’s not untrue.”

    No. No dude. No. Quite the opposite.

      • verdi@feddit.org
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        14 hours ago

        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?

  • CarbonatedPastaSauce@lemmy.world
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    1 day ago

    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.

    • Zetta@mander.xyz
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      1 day ago

      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.

      • kn0wmad1c@programming.dev
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        1 day ago

        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.

  • RizzRustbolt@lemmy.world
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    1 day ago

    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.