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A comment on Nvidia hits $2T valuation as AI frenzy grips Wall Street. Parent comment

Re:Nvidia hits $2T valuation as AI frenzy grips Wall Street by cs702 on Friday February 23, 2024 @10:48AM (#39482038)
My post was not meant to be patronizing. Sorry if it came across as such!

I have no doubt that society will benefit from all that spending...

but I'm much less certain about the fate of all the companies incurring all that spending!

[ Parent | on HN ]
Re:Nvidia hits $2T valuation as AI frenzy grips Wall Street by rafaelero on Friday February 23, 2024 @11:13AM (#39482443)
Even if 'regular' companies stopped demanding GPU's from NVIDIA, that demand would just transfer to cloud providers, which would keep buying those sweet H100. It's not a misguided AI strategy that is pumping the price. It's just a regular gold rush.
[ Parent | on HN ]
Re:Nvidia hits $2T valuation as AI frenzy grips Wall Street by cs702 on Friday February 23, 2024 @11:48AM (#39482961)
I never said most companies are buying GPU's from Nvidia.

What I said is that they're spending money, for a variety of AI and AI-related services provided by third parties.

Those third parties, in turn, are buying GPU's.

[ Parent | on HN ]