Comment on Why did Nvidia stock drop with R1 hype?

slazer2au@lemmy.world ⁨17⁩ ⁨hours⁩ ago

In a gold rush, be the guy selling shovels not looking for gold.

OpenAI: we made a LLM look how good it is.
Investors: wow, here is money for more, how did you do it?
NVIDIA: we sold them the hardware to do it. Our hardware is the best, expensive to buy, and had large markups.
Investors: awww yea, time to make money, buy buy buy.

Chinese AI: we made an AI without NVIDIA hardware*.
NVIDIA/investors: wait what?
Investors: sell sell sell

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