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Nvidia (NVDA) to Replace Intel in the Dow Jones Industrial Average
- highcountess 2y agoIs it fair to assume that Nvidia actually has some legs to stand on even after this AI pop and as possible real competitors come to market? Are there real competitors to Nvidia?
- fhdsgbbcaA 2y agoMaybe, maybe not - but are they on more solid footing than Intel? Undoubtedly.
- hhdhdbdb 2y agoAMD, Groq in the future, TMSC? Edit: I will add Apple.
- margalabargala 2y agoGroq has already been around for 8 years, and they have just over one ten-thousandth the revenue of Nvidia. They're also hemorrhaging money, their annual spend is 30x their revenue. Probably they'll get acquired into someone else in a few years. *Especially* since we're discussing the scenario of the AI bubble popping, Groq would implode. The other two, sure.
- hhdhdbdb 2y agoAlready 8 years and being non profitable is forgivable for a hardware startup creating something new, especially a new silicon. Depends why they are losing money. But losing money alone is not bad. This ain't an ice cream truck. Agree groq implodes if demand for intellegent automation tanks (i.e. bubble burst), or competitors disrupt the disruptor. Another Z is all you need paper means my old laptop is running models fast or something means groq is not something you need. They can probably pivot. BTW OpenAI is 9 years old and they are a SaaS/PaaS running on Azure.
- ilinx 2y ago> Another Z is all you need paper means my old laptop is running models fast or something means groq is not something you need. I’m having trouble parsing that sentence. Is it missing some punctuation?
- margalabargala 2y agoThey're referencing papers like "Attention is all you need", where such papers have usually made AI models significantly faster/better. Better/faster models means great models running well on old hardware, obviating the need for specialized hardware. More punctuation would look like: > Another "Z is all you need" paper means my old laptop is running models fast or something, [therefore] means groq is not something you need.
- not2b 2y agoAMD is way behind. But one kind of competition that's going to more important in a year or two is that the huge companies (Meta, Google, Amazon) are working on their own AI chips, designed to run their workloads at lower cost (time and power) than they'd get from Nvidia. So data centers might wind up full of non-Nvidia chips, and Amazon may make them available to their customers. But they will probably be less flexible. Here's what Meta says they are doing: https://ai.meta.com/blog/next-generation-meta-training-inference-accelerator-AI-MTIA/ https://ai.meta.com/blog/next-generation-meta-training-infer...
- dhruvdh 2y agoIs AMD behind hyperscaler in-house efforts? Outside of Google I don't think so.
- not2b 2y agoIn many cases they are doing their own designs (done by engineers they hired away from the various electronics companies) and having either TSMC or Intel fab the chips for them. They can design specifically for their workloads to get better price/performance than they can buy from AMD or Nvidia.
- Ekaros 2y agoIt will not be unprofitable company, but I think key understanding is that current profits and revenue levels are unlikely to hold to infinity. So there is very little risk of bankruptcy.
- alsetmusic 2y agoWell this is a watershed moment.
- xattt 2y agoThis is more like a holy fuck moment. Will nVidia turn around and buy Intel, in spite, after Intel did not renew its nForce chipset license?
- nradov 2y agoThis is more like a nothingburger moment. No one cares about the DJIA, it's a total joke in the finance world. That's not to say that Intel is doing well, it's just that DJIA changes are irrelevant.
- floating-io 2y agoMore like a knee jerk reaction IMO. Intel is having a bad time, but they're not dead yet, and may well be a better, more reliable long term market indicator. All this means is that the Dow is currently chasing hype. JMHO (not an expert investor, this is not advice, ...)
- whynotminot 2y agoIMO a “bad time” is a couple bad quarters or even a bad year. Intel has had something closer to a bad decade. This doesn’t feel too reactionary.
- floating-io 2y agoDoing poorly does not make them a bad indicator of overall industry health. And they've had bad stretches before. I myself am wondering, but I wouldn't count them out just yet.
- whynotminot 2y ago> Doing poorly does not make them a bad indicator of overall industry health. AMD, Nvidia, Apple, Qualcomm — everyone else seems to be doing much better than Intel. Intel seems like an outlier in the industry.
- kelnos 2y agodupe: https://news.ycombinator.com/item?id=42022282 https://news.ycombinator.com/item?id=42022282
- xyst 2y agoAll of this pumped by AI. I’ll be selling the nvda puts all the way down
- weird-eye-issue 2y agoSelling puts when the stock goes down means you would lose money... Assuming you are selling to open the position and you don't already own the puts of course
- fallingsquirrel 2y agoYeah lol, as a rule anyone who makes comments like this knows nothing about finance and is just cosplaying as a trader. The real traders are content to be making money and don't feel they have to brag about it on internet forums.
- whamlastxmas 2y agoReal traders are 95% either losing money or pretending to make money to sell you courses on how to trade
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- chx 2y agoThere's a reason, I guess, the common sense advice is to invest your money in a nonmanaged S&P index fund. And not a DJIA one... this just means the DJIA goes up for a while and when the AI bubble bursts so does the DJIA I am surprised people are so quick to write Intel off. Not yet. Wait one year. Gelsinger said he bet the company on 18A. If PNL fizzles and there are no foundry customers this time next year then Intel is done but until then?