Re:Nvidia hits $2T valuation as AI frenzy grips Wall Street
by swatcoder on Friday February 23, 2024 @10:51AM
(#39482095)
They didn't say anything like that.
Anyone who's worked in tech for a few decades knows that what the OP describes happens regularly.
There's nothing patronizing about sensing the pattern forming again here, and recognizing that the only sure thing is that the doe-eyed forty-niners racing to California all need pick axes and camp supplies and that the axemaker is going to get rich on their dreams no matter how things turn out.
It doesn't suggest that there's no gold out that or that the game theory calculus that sends everybody chasing that gold is unsound. No individual is being called stupid.
It just emphasises that a lot of people are going to make the wrong bets on AI, using more money than they really could afford to lose, and that NVidia is the only guaranteed (absurd) winner so far. There's nothing patronizing or even contentious to that.
Anyone who's worked in tech for a few decades knows that what the OP describes happens regularly.
There's nothing patronizing about sensing the pattern forming again here, and recognizing that the only sure thing is that the doe-eyed forty-niners racing to California all need pick axes and camp supplies and that the axemaker is going to get rich on their dreams no matter how things turn out.
It doesn't suggest that there's no gold out that or that the game theory calculus that sends everybody chasing that gold is unsound. No individual is being called stupid.
It just emphasises that a lot of people are going to make the wrong bets on AI, using more money than they really could afford to lose, and that NVidia is the only guaranteed (absurd) winner so far. There's nothing patronizing or even contentious to that.