Soldato
I'm not sure how much traction Nvidia will get out the AI maket (or even AMD for that matter), big corporations are moving away from general purpose processors from Nvidia and developing their own solutions. Google is already using Edge TPU for it's cloud operations and others are following suit.AI is going to drive nVidia's future revenue. Crypto was just a bonus fad, made some hay while the sun was shining. All the excess Pascal inventory floating around will be a drag for a while, but Volta/Turing are so far ahead of Pascal for ML tasks it should be minimal.
On the gaming side, they need to start throwing money at devs to implement RT to shift new cards.
It's just a correction IMO, you remember that Nvidia's stock price was around $28 at the start of 2016 and reached a peak of $281 in 2018 before crashing down to around $150. A lot of what was driving that surge in 2016/2017 was investors thought Nvidia could sow up the AI market like it did with the gaming market.I dunno if it is a more general trend - not been watching stuff closely enough or knowledgeable enough but seems to be some sentiment lately of an impending crash with people getting money out to invest when it happens in the hope of picking up stock cheap. That kind of behaviour can also precipitate a crash.
Even if Nvidia had 100% of the HPC market it doesn't justify a 10 fold increase in the share price, add to that the cypto crash and left over inventory, badly received Turing cards and the threat of ASICS taking over from GPU's for doing AI and cloud operations it no wonder the shares have come back down. If your a shareholder from 2016 you still can't complain to much though.
Last edited: