Re:Nvidia hits $3T market cap on back of AI boom
by acheong08 on Wednesday June 05, 2024 @04:25PM
(#40590121)
> Do you think that AI is having a big enough impact already to generate this valuation?
Yes. The impact is hype and the valuation comes from other big tech companies like Google and Microsoft
> Is it changing your life?
Not really. I barely use it anymore except when there’s no internet (phi-3 was useful as an unreliable alternative to stack overflow while on a flight)
I think Nvidia is a solid company with an overblown valuation that will eventually stabilize lower but maintain its status as a major “tech” company.
> Would you rather own one Nvidia, or WalMart six times over
Walmart has many competitors and is generally easy to replace, especially when considering the international market. Nvidia is somewhat unique in the world, so yes, Nvidia should probably be valued more
Yes. The impact is hype and the valuation comes from other big tech companies like Google and Microsoft
> Is it changing your life?
Not really. I barely use it anymore except when there’s no internet (phi-3 was useful as an unreliable alternative to stack overflow while on a flight)
I think Nvidia is a solid company with an overblown valuation that will eventually stabilize lower but maintain its status as a major “tech” company.
> Would you rather own one Nvidia, or WalMart six times over
Walmart has many competitors and is generally easy to replace, especially when considering the international market. Nvidia is somewhat unique in the world, so yes, Nvidia should probably be valued more