NVIDIA discussion [2024]

del42sa said:
https://www.ft.com/content/7332b1f8-cf7c-4bfa-82f4-88d0deb23f98

Nvidia share slide erases more than $550bn in market value​


Monday's drop followed Friday's disclosure that the company's CEO and co-founder Jensen Huang had sold shares worth nearly $95 million in the days when Nvidia became the world's most valuable company.
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Paywall ...
In an glimpse at how megacap tails wag the dog, a near half-trillion dollar shakeout in AI-bellwether Nvidia's (.NVDA), opens new tab market cap in just a week continued to drag on the entire market even though most S&P500 (.SPX), opens new tab stocks ended higher on Monday.

Without any obvious trigger beyond a bout of nervy profit taking into Friday's half-year end, Nvidia has recoiled by almost 20% since last Thursday's record high - lopping more than $430 billion off its market value in the process.

But it's only back to where it was a fortnight ago - even though it remains in the red again before Tuesday's bell.
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Personally I don't treat these "drop after something" or "up after something" too seriously because they don't really know what they are talking about. For example, Apple's share dropped during the WWDC keynote announcing "Apple Intelligence." It closed lower that day. One might conclude that it means the market was not impressed. However, Apple rallied quite a lot the next day. Was it because the market "realized its mistake" or for other reason? (some joked that the reason for the rally was because Apple announced installment payments for Apple Pay earlier that day)

Another recent example is the recent rally of AMD's share, I saw some saying it's because something like "the recent hack of AMD wasn't too bad" but to me it really sounds like nonsense. I think it's probably just a rebound after many days of bad performance. Today without any particular reason NVIDIA's share is currently up ~4.5%. It's probably just a rebound, similarily.
 
pcchen said:
Today without any particular reason NVIDIA's share is currently up ~4.5%. It's probably just a rebound, similarily.
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Yeah, in 3 days NVIDIA lost an entire Samsung market cap (550 billion), now they are up an entire AMD market cap (250 billion) in a single day. With their massive size the swings are going to be huge in either direction. It's not the first time this happens, in April they lost 300 billion in market cap in a single dip, 2 months later and they slowly gained 1300 billion. In the end, daily fluctuations doesn't really matter, it's the overall trend that matters.

On other news, NVIDIA is increasing Blackwell orders due to increased demand.

https://twitter.com/x/status/1805044805036339478
 
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pcchen said:
For example, Apple's share dropped during the WWDC keynote announcing "Apple Intelligence." It closed lower that day. One might conclude that it means the market was not impressed. However, Apple rallied quite a lot the next day. Was it because the market "realized its mistake" or for other reason? (some joked that the reason for the rally was because Apple announced installment payments for Apple Pay earlier that day)
Click to expand...

Buy on the rumour, sell on the news.
 
pcchen said:
Personally I don't treat these "drop after something" or "up after something" too seriously because they don't really know what they are talking about. For example, Apple's share dropped during the WWDC keynote announcing "Apple Intelligence." It closed lower that day. One might conclude that it means the market was not impressed. However, Apple rallied quite a lot the next day. Was it because the market "realized its mistake" or for other reason? (some joked that the reason for the rally was because Apple announced installment payments for Apple Pay earlier that day)

Another recent example is the recent rally of AMD's share, I saw some saying it's because something like "the recent hack of AMD wasn't too bad" but to me it really sounds like nonsense. I think it's probably just a rebound after many days of bad performance. Today without any particular reason NVIDIA's share is currently up ~4.5%. It's probably just a rebound, similarily.
Click to expand...
Well yea, the near future expectations are largely priced in already. And for such a high profile stock, Jensen selling was naturally going to trigger many others to do the same and cash in on a perceived peak. Plenty of these same sellers will buy back in again.
 
www.investopedia.com

Nvidia's Blackwell Could Be 'Most Successful Product' in History, CEO Jensen Huang Says

Nvidia held its annual shareholder meeting on Wednesday, where CEO Jensen Huang highlighted the chipmaker's prime positioning in the artificial intelligence era.
www.investopedia.com www.investopedia.com
The CEO used the gathering of Nvidia investors to highlight opportunities for the company to grow amid the AI boom, including in robotics and sovereign AI.

"The next wave of AI is set to automate the $50 trillion in heavy industries," Huang said, with robotics factories that "will orchestrate robots that build robots that build products that are robotic," and Nvidia set to benefit.

Huang also noted the company's position to gain as demand for sovereign AI, which is a nation's capability to produce AI using its own infrastructure and data, increases as the tech advances.
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*Highlights:*

1. *Project GR00T:* Discover Nvidia's latest general-purpose foundation model for humanoid robots. This model enables robots to learn by observing human actions and understanding natural language, making them incredibly adaptive and intelligent.

2. *Jetson Thor:* Learn about the new robotics chip designed to provide the processing power necessary for advanced AI applications in humanoid robots. This chip ensures that robots can perform complex tasks with remarkable precision.

3. *Isaac Sim and Isaac Lab:* Explore the simulation and training platforms that allow robots to learn and perfect their skills in virtual environments before applying them in the real world. This leads to improved performance and faster deployment.

4. *Osmo Platform:* Understand the orchestration platform that coordinates training and inference across multiple Nvidia systems, enhancing the efficiency and scalability of robot development.
 

The French watchdog in a report issued last Friday on competition in generative AI cited the risk of abuse by chip providers.
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It voiced concerns regarding the sector's dependence on Nvidia's CUDA chip programming software, the only system that is 100% compatible with the GPUs that have become essential for accelerated computing.
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France needs fewer watchdogs and more engineers.
 
According to an analysis by investment bank Morgan Stanley, China’s four major cloud service providers—Baidu, Alibaba, Tencent, and ByteDance—have recently been competitively purchasing H20 chips.

The reason Chinese big tech companies are buying up NVIDIA chips is because Huawei is having difficulty increasing production of its own AI chips. The yield of Huawei’s AI chips is stuck at around 20%, and importing advanced semiconductor equipment is also blocked, making it difficult to increase production.

https://twitter.com/x/status/1808401474583683449
 
According to a report from Financial Times, NVIDIA will sell over one million H20 GPUs in China bringing $12 billion in take-home revenue.

www.techpowerup.com

NVIDIA to Sell Over One Million H20 GPUs to China, Taking Home $12 Billion

When NVIDIA started preparing the H20 GPU for China, the company anticipated great demand from sanction-obeying GPUs. However, we now know precisely what the company makes from its Chinese venture: an astonishing $12 billion in take-home revenue. Due to the massive demand for NVIDIA GPUs...
www.techpowerup.com www.techpowerup.com
 
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