this post was submitted on 05 Jun 2024
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410
Nvidia overtakes Apple as the second most valuable company. (www.cnbc.com)
submitted 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 4 points 5 months ago (2 children)

Nvidia IS making a profit on it though. It's the whole "in a good rush, sell shovels" thing.

[–] [email protected] 5 points 5 months ago

My Point is more that their revenue stream will temporarily take a giant hit during that, when everyone is busy going bankrupt the few AI companies that make a profit with it have better things to do than buy new Accelerators right that instant.

[–] [email protected] 1 points 5 months ago

nVidia is selling shovels and picks during the AI gold rush.