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Nobody (well the market) expected Nvidia's revenue to start growing exponentially, though. Now it's forecasted to grow by at least 20% per year for the next 3 y
by Wytwwww 2y ago
Nobody (well the market) expected Nvidia's revenue to start growing exponentially, though. Now it's forecasted to grow by at least 20% per year for the next 3 years. So presumably everything above that is not priced in.
- lumost 2y ago6.5 Billion won't move NVidia's needle at this point. You need exponentially growing revenue from AI firms to drive increased spend on compute.
- reducesuffering 2y agoActually people did expect that, which is why the market does not accurately "price things in." People working in ML, Cuda, ~GPT2 were pretty confident in the eventual impact of AI and knew of Nvidia's monopoly on it. There's a sort of midwit meme here where the naive take "oh this company is going to sell more next year, i should by stock at whatever price", -> "no, everything's already priced in" -> "if everything was priced in, you'd see a historic price graph as a straight line with a slope of interest rates"
- Wytwwww 2y ago> Actually people did expect that Obviously some did and they made a lot of money. So what? The market as a whole didn't. > There's a sort of midwit If the company grows by as much as it is expected to grow barring any external factors then yes, your "meme" certainly makes sense.