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> Huang argued that the simple existence of CUDA would enlarge the supercomputing sector. This view was not widely held, and by the end of 2008, Nvidia’s stock
by qrios 2y ago
> Huang argued that the simple existence of CUDA would enlarge the supercomputing sector. This view was not widely held, and by the end of 2008, Nvidia’s stock price had declined by seventy percent…
This is a good example of how investor behaviour can only quantitatively project what will happen in the future. Huang's bet on GPUs for high performance computing made sense in the long term.
Intel didn't have the staying power with the i860[1] a decade earlier (and of course had no idea how to offer decent developer tools). I tried really hard to develop meaningful and executable programmes with an 8bit card (DSM). CUDA was a revelation for me.
[1] https://www.geekdot.com/intel-80860/ https://www.geekdot.com/intel-80860/
- trynumber9 2y agoThe stock value didn't drop because of CUDA but because most stocks and tech stocks dropped in 2008. AMD was also down 80%, Intel down 40%.
- magicalhippo 2y agoI was going to say anyone should have noted that stocks being down in 2008 means nothing due to the global financial crisis[1]. But then I realized the author might have been a toddler at that time so might not have lived through it, making it easier to forget. How time flies... [1]: https://en.wikipedia.org/wiki/2007%E2%80%932008_financial_crisis https://en.wikipedia.org/wiki/2007%E2%80%932008_financial_cr...