Re:The AI industry spent 17x more on Nvidia chips than it br...
by lesuorac on Sunday March 31, 2024 @11:51AM
(#39885328)
Whats the definition of long-term?
A lot of mining towns became ghost towns (i.e. Cerro Gordo [1]) and in those situations even the merchants are out of business. It's not like we stopped mining silver though; the prospectors moved on to other areas.
Like if TPUs replace GPUs then Nvidia is looking at a decrease in growth. The horse shoe sellers go out of business just as fast as the horse shoe maker does.
But businesses that did prosper long-term, were the ones that catered to the gold seekers: sellers of equipment, food stores, bars & room-for-rent type facilities.
So you could say that (on average) the 'meta-suppliers' did better long-term than the gold seekers themselves.