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On the one hand, the financials are terrible for an IPO in this market. On the other, Nvidia is worth 3trn so they can sell a pretty good dream of what success

On the one hand, the financials are terrible for an IPO in this market. On the other, Nvidia is worth 3trn so they can sell a pretty good dream of what success looks like to investors. Personally I would expect them to get a valuation well about the 4bln from the 2021 round, despite the financials not coming close to justifying it.

lobochrome 2y ago
It’ll pop. The it’ll rot.
TrapLord_Rhodo 2y ago
Rev for last 2 years: $24.6M $78.7M $270M($136.4M) Sounds like a rocketship. You also get a better sharp if you take some money off the table in the form of leverage and put it in other firms within the industry. E.G. Leveraging your NVDA shares and buying Cerebras.
- JumpCrisscross 2y ago
  > take some money off the table in the form of leverage and put it in other firms within the industry. E.G. Leveraging your NVDA shares and buying Cerebras Please don't do this. Sell your Nvidia shares and rebalance to Cerebras, whatever. But financially leveraging a high-multiple play to buy a correlated asset (which is also high multiple) is begging for a margin call. You may wind up having been right. But leverage forces you to be right and on time.
  - short_sells_poo 2y ago
    You are so on point! A huge number of amateur investors get obliterated on this. Your call may be right, but that's no help if you don't survive to see it realized. You may have a hugely profitable idea that could realize crazy gains over a 5 year horizon, but if you get margin called and liquidated in year 3, you'll end up with nothing. The magic of investment is compound returns, not crazy leverage. Take some of the crazy Nvidia profits and reinvest it elsewhere where you expect geometric growth. Keep things decently diversified.
m00x 2y ago
IPOs are coming back. Expect pretty big ones in 2025.
imdoxxingme 2y ago
Saying the financials are terrible is a bit of a stretch. Rapidly growing revenue, decreasing loss/share and a loss/share similar to other companies that IPO'ed this year. The more concerning thing is just not having diversity of revenue, since most of it comes from G42.
- parentheses 2y ago
  Has G42 shipped any working AI models?
  - imdoxxingme 2y ago
    arabic and hindi LLMs. https://www.g42.ai/resources/news/meet-jais-worlds-most-advanced-arabic-llm-open-sourced-g42s-inception https://www.g42.ai/resources/news/meet-jais-worlds-most-adva... https://www.g42.ai/resources/news/g42-unveils-nanda-new-hindi-llm-uae-india-business-forum-mumbai https://www.g42.ai/resources/news/g42-unveils-nanda-new-hind...
  - txyx303 2y ago
    afaik they have the current SOTA language models for arabic

lobochrome 2y ago

It’ll pop. The it’ll rot.

TrapLord_Rhodo 2y ago

Rev for last 2 years: $24.6M $78.7M $270M($136.4M) Sounds like a rocketship. You also get a better sharp if you take some money off the table in the form of leverage and put it in other firms within the industry. E.G. Leveraging your NVDA shares and buying Cerebras.

JumpCrisscross 2y ago
> take some money off the table in the form of leverage and put it in other firms within the industry. E.G. Leveraging your NVDA shares and buying Cerebras Please don't do this. Sell your Nvidia shares and rebalance to Cerebras, whatever. But financially leveraging a high-multiple play to buy a correlated asset (which is also high multiple) is begging for a margin call. You may wind up having been right. But leverage forces you to be right and on time.
- short_sells_poo 2y ago
  You are so on point! A huge number of amateur investors get obliterated on this. Your call may be right, but that's no help if you don't survive to see it realized. You may have a hugely profitable idea that could realize crazy gains over a 5 year horizon, but if you get margin called and liquidated in year 3, you'll end up with nothing. The magic of investment is compound returns, not crazy leverage. Take some of the crazy Nvidia profits and reinvest it elsewhere where you expect geometric growth. Keep things decently diversified.

m00x 2y ago

IPOs are coming back. Expect pretty big ones in 2025.

imdoxxingme 2y ago

Saying the financials are terrible is a bit of a stretch. Rapidly growing revenue, decreasing loss/share and a loss/share similar to other companies that IPO'ed this year. The more concerning thing is just not having diversity of revenue, since most of it comes from G42.

parentheses 2y ago
Has G42 shipped any working AI models?
- imdoxxingme 2y ago
  arabic and hindi LLMs. https://www.g42.ai/resources/news/meet-jais-worlds-most-advanced-arabic-llm-open-sourced-g42s-inception https://www.g42.ai/resources/news/meet-jais-worlds-most-adva... https://www.g42.ai/resources/news/g42-unveils-nanda-new-hindi-llm-uae-india-business-forum-mumbai https://www.g42.ai/resources/news/g42-unveils-nanda-new-hind...
- txyx303 2y ago
  afaik they have the current SOTA language models for arabic