this post was submitted on 29 Oct 2025
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[–] yesman@lemmy.world 82 points 1 day ago (2 children)

Nvidia is worth more than the pharmaceutical industry. Tesla is worth more than all other car manufacturers combined.

collapsed inline media

[–] Kyrgizion@lemmy.world 15 points 1 day ago (1 children)

It works exactly as designed and therefore must be dismantled and rebuilt from scratch.

[–] stupidcasey@lemmy.world 3 points 1 day ago

No, the economy doesn't work as it's intended, even assuming the cynical take, bubbles, inflation, recession, excessive debt, none of those are good for anyone not even the Rich, there are people who exploit it but it is not good for them either it's more making the best out of a bad situation.

[–] phoenixz@lemmy.ca 11 points 1 day ago

Yep, and Tesla makes only a fraction of the cars that even a single one of those other car companies make...

That is called a bubble

Nvidia is a bubble the size of a fucking gas giant. Once that pops, and it will, soon, expect the world economy to pop with it

[–] recentSlinky@lemmy.ca 38 points 1 day ago

Because everyone knows the bigger the bubble, the better the economy. Right?... Right!?!

[–] alphabethunter@lemmy.world 24 points 1 day ago (2 children)

5 trillion dollars to pump ai slop making cards and heat up the globe with insane energy demands...

[–] cecilkorik@lemmy.ca 10 points 1 day ago

I remember like a decade ago when Nvidia made the most power efficient cards. It was a glorious time. Those generations were so good there was barely even any power differential between desktop and laptop, even phones and consoles were riding high, you could get cards that were affordable, quiet, powerful, pick any three. Maxwell-2 in particular and other similar generation cards around that early-to-mid 2010s era felt like really elegant and finely-tailored designs while AMD was desperately throwing more power at their problems and creating blast furnaces that doubled as graphics processors just so they could say on paper that they were competitive.

Then it all changed. Bitcoin exploded, AMD's cards were so aggressively mediocre at mining that they weren't even in the competition, so Nvidia got handed the whole market on a silver platter. And then they realized if they could get the hash rate high enough they could charge whatever they wanted and power consumption just ceased to matter since the cards were literally printing money. And that was the end of that. They found it was so profitable to chase those industrial-scale customers that they've never really looked back and now they're riding the AI bubble into the stratosphere. It's going to be a long fucking fall, that's all I can say. And most gamers will be pointing and laughing all the way. Fuck Nvidia. I don't even care who has faster performance or better value anymore, I'm using Linux and supporting AMD on principle.

[–] shittydwarf@piefed.social 2 points 1 day ago

Gotta eliminate the jobs somehow! They'll declare AGI despite the fact that LLMs are nearly useless turds that can't stop making up shit and lying

[–] Almacca@aussie.zone 21 points 1 day ago* (last edited 1 day ago) (1 children)

Asked about the exploding values of AI companies on Tuesday and if the sector may be in a so-called bubble, Huang told NBC News that "these companies are generating real revenues" and the products they are selling are "profitable."

Doubts about that statement aside, there's no mention of 'benefit to society', you'll note.

[–] cygnus@lemmy.ca 5 points 1 day ago* (last edited 1 day ago) (1 children)

The guy collecting empties in the highway culvert is also generating revenue, but that doesn't mean his enterprise is worth 5 billion dollars.

Edit: I meant "trillion" but I'm so unused to actually typing that number out because it's so absurdly large

[–] Almacca@aussie.zone 12 points 1 day ago

The guy collecting empties on the highway is arguably generating more of a benefit to society, though.

[–] toast@retrolemmy.com 18 points 1 day ago
[–] BigDaddySlim@lemmy.world 10 points 1 day ago (1 children)

All that inflated value from circular trading with Open AI, Oracle, etc sure is looking good on paper for them, and will definitely allow Jensen another few dozen leather jackets.

Can't wait for this shit to burst, and it will be a very big burst when it happens

[–] ms_lane@lemmy.world 2 points 1 day ago

There's always money in the leather jacket stand.

[–] TeamAssimilation@infosec.pub 9 points 1 day ago (1 children)

For me it could be worth five hundred quadrillion already, these numbers have entered the realm of fantasy.

[–] Perspectivist@feddit.uk 1 points 1 day ago (1 children)

That's still not how it works. Company stocks are worth exactly what people are willing to pay for them.

[–] JoshuaFalken@lemmy.world 2 points 1 day ago (1 children)

Even so, a market cap in the trillions is still an abstract concept. Nvidia can't use its 'worth' to buy Apple for example.

[–] Perspectivist@feddit.uk 1 points 1 day ago (1 children)

Well of course not - that’s the value of the company. You can’t buy anything with it. The same goes for wealthy individuals: just because someone’s net worth is in the billions doesn’t mean they have that kind of cash on hand.

[–] JoshuaFalken@lemmy.world 1 points 23 hours ago

I'd argue it's not the same for wealthy individuals as they can leverage their net worth to borrow cash at low interest rates, but I do see the point you were making.

As for the initial comment by TeamAssimilation, I don't think it's unreasonable to say Nvidia's current 'worth' is fanciful. It's a number beyond any tangible understanding. I can't even wrap my head around how many trees are on this planet, never mind double that number.

'Worth' is a subjective word, and I don't think you and TeamAssimilation were using it the same way. Just because a brick is worth a dollar and someone uses a million of them to build a house, doesn't mean the house is worth a million dollars - even if that's what it cost. What if it looks like this?

[–] phoenixz@lemmy.ca 8 points 1 day ago

Bubbles, bubbles, bubbabubbabubbleeeesss

[–] IamSparticles@lemmy.zip 7 points 1 day ago

powered by the ~~AI frenzy~~ massive amounts of money they pump into companies buying their chips to artificially inflate demand

There, I fixed that for you, NBC.

[–] Kyrgizion@lemmy.world 6 points 1 day ago

Rich people and their made-up money.

[–] SaltySalamander@fedia.io 5 points 1 day ago

This is going to be an amazing sight to behold when the bubble pops. We are all going to feel it.

[–] TheTimeKnife@lemmy.world 4 points 1 day ago (1 children)

Yeah this bubble is going to hurt when it cracks.

[–] spicehoarder@lemmy.zip 1 points 21 hours ago

It'll go like the titan submersible

[–] spicehoarder@lemmy.zip 2 points 21 hours ago

My edition of the Hitch Hiker's Guide to the Galaxy states "Nvidia is also the first company to lose $5 trillion after the great AI bubble burst."

[–] lennybird@lemmy.world 2 points 1 day ago

Is it unusual for a CEO to last as long as Huang has with nvidia? (1993 if I'm reading right).