Nvda and law of large numbers

Even in the industry (biotechnology) I work in there’s a ton of work can be automated that’s currently done by fallible humans.
 
nitrene said:
Another blowout quarter. See you at $800.
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Remember law of large numbers. Every quarter from here on in and the numbers are just going to have to be insanely gigantic and absolutely perfect to keep up with the stock price. One little inkling of a billion short there or here and the stock plummets.
They did it once again for this quarter. .bravo but it's going to get very difficult moving forward!
 
Jzwu2017 said:
Even in the industry (biotechnology) I work in there’s a ton of work can be automated that’s currently done by fallible humans.
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That's the other issue of where AI is headed. If wallstreet is all talk about where AI is going and how efficient and effective the technology is well they have to consider how AI is going to impact the job market. ...if AI as they say is growing at an enormous pace wouldn't they need to justify how AI is going to literally take over jobs in nearly every sector of the market place.....there could be millions and millions of jobs lost to AI... .so all this AI hype about the future growth potential but not clearly being talked about is the impact on the job market. Let's see how they maneuver and walk the fine line on this topic.
 
NoahA said:
I really think the full outcome of AI is collapse or depression. Everyone talks about an increase in productivity, which initially sounds great. Instead of a farmer producing food for his family, a farmer can now produce food for 10k people. This of course allowed farmers to do other things like build other products we all like to use, etc. But AI is the final step. When AI displaces a worker, that worker has nowhere else to go. A MacDonald's that is fully automated will allow those workers to do what... watch TV all day?

Now all of this is great if our economy was based on deflation where prices going down are good, but we don't have that (hint.. this is where bitcoin comes in). Our economy is based on always growing GDP. But soon there won't be anything for many people to do. If we don't find a way to redistribute the productivity gains that AI allows, essentially take the economic output from these companies and give it to the lower class, then its game over for society.

We can currently absorb 1% homeless and maybe 4% unemployment. Once the unemployed reach 7-8%, economy falls apart and goes into recession. AI will reach orders of magnitude higher numbers of unemployed. A 3 day work week sounds great, but we won't have equal distribution of productivity gains. AI will drive a stake between those who will benefit, and those who are left behind.

The only question is, will AI be smart enough to come up with a plan to prevent those negatively affected from revolting? There is no way to stop the progress of AI, but our economy needs to adjust to what this means, and we also need to socially and culturally adapt to know AI will transform work. None of these will come be the AI revolution, so the transition will be chaotic.
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Awesome points taken.

The economy won't be able to adjust based on the fact that they are looking at potential profits first and anything else effecting humans later. That's all this is currently about, how to keep the hype on AI going to prosper and make them the most pennies....that's all this is about. Little is being said about the impact because if they did worry they would interfere with the technology and they aren't even doing so.. .

Only a few people came forward. One of them being Musk last year when he did say there should be an intervention....that sort of went unnoticed though.

And at the speed they claim AI is being developed across the world this is a topic that needs to be discussed right now, right this second ...not tomorrow , right the fu*king now
 
schizo said:
I've been warning about the impending recession elsewhere and this is what I'm afraid of. Big techs are already quietly laying off workers and you can safely assume this is the result of AI. It will only pick up pace from here on out. Once the recession kicks into high gear, it will get downright ugly IMO.
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Big Tech's has been laying people off because Big Tech got too big IOW too many hired for their needs too fast.

Meta, for example, chopped 1000's off yet sales/revenues kept on growing.

As for AI, it is just another thing we humans will have to adjust and change to. Mass loss of jobs have been predicted ever since the industrial age was upon us.
 
S2007S said:
Nvda today including after hours has added another $50 bullion in market capitalization


So to think of It like this.

1 day. Just 1 24 hr day nvda added an entire general motors......

An entire general motors with 167,000 employees....

Let that sink in for a moment!!!!
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Where's the count at now? GM, Ford, and Chrysler combined? :D
 
S2007S said:
Remember law of large numbers. Every quarter from here on in and the numbers are just going to have to be insanely gigantic and absolutely perfect to keep up with the stock price. One little inkling of a billion short there or here and the stock plummets.
They did it once again for this quarter. .bravo but it's going to get very difficult moving forward!
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Yeah based on the blowout percentage getting smaller, I would say there is probably 2-3 quarters of this kind of performance and then it will be like the rest of the semiconductors which usually outperforms the QQQ. I mean if Huang is smart he'll split the stock like 5:1.
 
nitrene said:
I was watching CNBC Asia and they said NVDA's market cap is 2X the total Italian bourse.
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It's quite insane ....reminds me of the csco hype when they were the leader during the dot com era with a shiny 500 billion dollar market cap....after the dot com collapse csco never was the leader again...


Just remember these companies don't stay on top forever.

Remember tsla. ...no one cares for that one. Lost half its Value. ...forgotten about ...
 
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