this post was submitted on 05 Jun 2024
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The real game now is how long will it last before the hype and with the the floor falls out of "AI" and a good chunk of their stock gains with it.
I don’t think generative AI is going anywhere anytime soon. The hype will eventually die down, but it’s already proved its usefulness in many tasks.
Is AI useful? Maybe. But is it profitable? AI will go the same way .com did: there will be a massive crash and at the end of that you'll see who actually had their pants on
Nvidia IS making a profit on it though. It's the whole "in a good rush, sell shovels" thing.
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.
nVidia is selling shovels and picks during the AI gold rush.