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> there is no moat and they operate in a commodity space that will behave like a normal competitive market Sure, until you consider the massive difference in a
by uoaei 2y ago
> there is no moat and they operate in a commodity space that will behave like a normal competitive market
Sure, until you consider the massive difference in accessible capital vs their rivals. Sure, VCs can fund startups, but Nvidia is publicly traded, which is just investment of a different form, and largely a form that you are barely accountable to. And that's on top of all the capital they directly control. That's an incredibly advantageous position to be in, and one that would be too tempting for most to resist exploiting.
- paulmd 2y agoAMD actually had more resources than NVIDIA for a good long while (although they did have more places to spread them over, that was their choice to do so), and the balance of power didn't really shift until the 2014-era when AMD really "took their foot off the gas" on R&D. 290X was the last time AMD could be described as "in the lead" and Maxwell opened up a gap that AMD never managed to close. Raja actually specifically called out 2012 as being the timeframe when that happened, because AMD decided the future of GPUs was iGPUs and not dGPUs, that the latter segment was going to go away entirely as iGPUs got faster and faster. Oops. https://youtu.be/590h3XIUfHg?t=1956 https://youtu.be/590h3XIUfHg?t=1956