Hate to rain on the schadenfreude, but Nvidia's insane drop is only possible because of its exponentially more insane rise. Today's drop kicks it back to its value in October or so? It's still roughly half the value of the Dutch East India company at its height, adjusted for inflation!
Comments
Intel esp can pump out cheap-o SOCs all day long. Hell, Intel's Network Chip revenue alone used to higher than Nvidia's total GPU sales.
So imagine 80% of the demand for your product disappearing overnight.
But I certainly see your point.
*looks at portfolio*
*feels smug*
when you're that overvalued any movement downward is gonna be huge as panic sets in
There is danger to the narrative: hyperscalars chasing AI are going to give trillions of dollars to nvidia
If you can get AI without using so much compute that future spend is in danger.
_of course_ most of the 10^25 flops training are waste that can be optimized away
See also -> https://bsky.app/profile/fry69.dev/post/3lgqa2deqjc2t