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This sounds a lot like hindsight bias. Nvidia is a great company but they lucked out on two unpredictable hypes, crypto and AI, that happened in close sequence
by cinntaile 2y ago
This sounds a lot like hindsight bias. Nvidia is a great company but they lucked out on two unpredictable hypes, crypto and AI, that happened in close sequence to each other.
- mihaaly 2y agoWe tend to underestimate the fortune component of success when we succeed. And other aspects, like ruthlessness. Also, having a self satisfaction in the wise (but cautious, or even silent) past forecasting of success for those that coincidentally succeeded eventually (forgetting the others we were wrong about). We seen good and promising products targetting growing markets fail while competing half crap craps sell wild with the broad public and win, go large.
- mianos 2y agoConsidering just before the AI hype came along they were in trouble according to Jensen on the Acquired podcast.
- ghaff 2y agoWithout predicting the future of the AI cycle, the crypto bubble basically burst and the high end gamer market is a pimple on a pimple. And, certainly, the fact that the AI hype came along when it did was hardly ordained--though the availability of GPU hardware had something to do with it. Nvidia's recent success was in no way pre-ordained to anyone who had two brain cells to rub against each other as various people here seem to think.