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While some draw parallels between the current AI hype and the internet bubble, likening Nvidia to Cisco during that era, I think we might be witnessing the begi

While some draw parallels between the current AI hype and the internet bubble, likening Nvidia to Cisco during that era, I think we might be witnessing the beginnings of a technological revolution akin to the Industrial Revolution itself. A key distinction from the internet boom is the existential angst surrounding potential job displacement that pervades the discourse today. During the dot-com frenzy, fears of widespread unemployment due to technological disruption were relatively muted. The internet undoubtedly transformed many industries, but its impact was largely confined to optimizing existing processes and business models. In contrast, artificial intelligence has the potential to fundamentally augment or even replace human cognitive capabilities across various knowledge-intensive professions.

mattfrommars 3y ago
Your arguments are giving me a strong shills that I received during pandemic bullrun which later collapsed. I had asked questions which OP asked for stock such as Peloton, and bunch of others which all later crashed ... This was also during the IPO craze. And how did people justify stocks that defied any logic to be rocketing, at least for Peloton, "this is the future, people will stop going to the gym, the future is at home gym only, WFH is here to stay and people will only WFH and gym at home". With how Nvidia stock is rocketing, it will only take one bad earning or announcment from a company have brought in solution the "AI" has become cross platform. Boom, the stock will free fall for market correction. For now, let's all dump into Nvda rally, but at the same time, hedge our bets with Apple, Google, AMD, Meta and maybe Qualcomm?
- codingdave 3y ago
  > ...but at the same time, hedge our bets with Apple, Google, AMD, Meta and maybe Qualcomm? In other words, invest in index funds.
  - mattfrommars 3y ago
    Agreed. Short term, NVDA. Long term, VTI & VOO.
rsynnott 3y ago
I mean, you could argue that the angst around job disruption is mostly due to the generative AI people being better at marketing; generally, it appears most intense amongst people who don’t actually know all that much about generative AI.

mattfrommars 3y ago

Your arguments are giving me a strong shills that I received during pandemic bullrun which later collapsed. I had asked questions which OP asked for stock such as Peloton, and bunch of others which all later crashed ... This was also during the IPO craze. And how did people justify stocks that defied any logic to be rocketing, at least for Peloton, "this is the future, people will stop going to the gym, the future is at home gym only, WFH is here to stay and people will only WFH and gym at home". With how Nvidia stock is rocketing, it will only take one bad earning or announcment from a company have brought in solution the "AI" has become cross platform. Boom, the stock will free fall for market correction. For now, let's all dump into Nvda rally, but at the same time, hedge our bets with Apple, Google, AMD, Meta and maybe Qualcomm?

codingdave 3y ago
> ...but at the same time, hedge our bets with Apple, Google, AMD, Meta and maybe Qualcomm? In other words, invest in index funds.
- mattfrommars 3y ago
  Agreed. Short term, NVDA. Long term, VTI & VOO.

rsynnott 3y ago

I mean, you could argue that the angst around job disruption is mostly due to the generative AI people being better at marketing; generally, it appears most intense amongst people who don’t actually know all that much about generative AI.