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Nvidia now worth over 5 trillion dollars

From $15 billion valuation 10 years ago to $5 trillion now


$1,000 of Nvidia shares purchased just 10 years ago would now be worth $414,000


Imagine that, you put just 1k into Nvidia 10 years ago, and now you can buy a house in cash

If you put 10k into Nvidia shares 10 years ago and held till now, you'd be a multi millionaire - this is why Nvidia lost a lot of staff in the last 3 years, because they gave away shares to their staff and those shares then turned into millions of free dollars so all their staff could just quit their job and retire on a beach.


Nvidia has never officially released the numbers, but they must hold a record or something for most wealthy employees. What other company in history turned hundreds/thousands of their employees into millionaires?
 
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Looking at this site on the Wayback Machine, just a few months after launch the Hercules 9800 Pro was going for £347 with VAT in 2003 money, just with inflation according to the Bank of England inflation calculator, that would be about £638 now, that was the 4090/5090 of its day. Or for something from Nvidia, the BFG 8800 GTX which also sold here in January 2007 for £397 with VAT about 3 months after launch, with inflation that's about £730 which would be an upper midrange priced card now, that 8800 GTX was extremely fast for its day and would certainly be the 4090/5090 equivalent.

So yes, prices now are absolutely ridiculous, £1900 to £2500+ is insane. Reverse it and £2000 today, would have been about £1087 in 2007, imagine a GPU costing that then, people then went nuts at £400 cards.

Huh? How is a 9800 Pro, the 4090 of it's day, when the higher model XT existed? I even mentioned the XT? Why would the lesser Pro be the highest model :rolleyes: Regardless, neither are even close to a 4090 of it's time!

As aforementioned, it is in no way fair to compare anything, from back then to a 4090, that is why I specifically made my comparisons to models below the 4090 - as the 4090 is a modern niche product, like a Ferrari versus an M3, tailored to a minority with **** you money to burn - something that didn't exist back in the day with GPU's, they simply didn't have the technology to make something 3-4 times more powerful/expensive, and I doubt the market was there, so again, an unfair, irrelevant comparison.

A 9800 Pro/XT or 8800 GTX adjusted for modern income/2025 inflation, would be the very close to the price of a 9070 XT/5070Ti when they initially released them way above the MSRP - the 9070 XT has only recently been dropped for a special deal Gibbo was offering, there's an entire thread about it.

Well done for twisting my words to suit your own narative though ;)
 
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Nvidia has never officially released the numbers, but they must hold a record or something for most wealthy employees. What other company in history turned hundreds/thousands of their employees into millionaires?
If the OpenAI IPO goes through I suspect many of them will too.
 
just with inflation according to the Bank of England inflation calculator

I found the problem with your analysis.

I've heard some gaslighting in my time but if the BOE is trying to say there has been less than 100% inflation in the last 22 years they are smoking crack or just outright lying to our faces.

And yes they are lying to our faces.
 
I found the problem with your analysis.

I've heard some gaslighting in my time but if the BOE is trying to say there has been less than 100% inflation in the last 22 years they are smoking crack or just outright lying to our faces.

And yes they are lying to our faces.


Inflation numbers used by central banks around the world are unreliable and it's been that way for many yonks. Ask any average person if they feel like inflation is the same number reported by the bank and they'll tell you no, inflation is higher.

That's because inflation is always calculated with a whole bunch of assumptions (called a "basket of goods") and in reality those assumptions don't reflect the average person.

One item in the basket may have experienced 50% inflation in the last 20 years, while another item experienced 500% but if you never buy the item with 50% inflation and buy only the item with 500% inflation then real inflation for you is going to feel much higher
 
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'Currently'? I don't remember the 9800 Pro and XT being cheap for the time... Nor the 8800GTS etc etc etc.
Adjust them for modern inflation versus wages, and there's not a lot in it, bar if you're talking a 4090/5090. But anything below those premium models, are pretty much the same in old money adjusted for modern income/pricing.

Otherwise we can start comparing house prices to the 70's etc.

People seem to have a selective memory when it comes to GPU's.
PC's have never been a bargain. Motherboards, CPU's, PSU's, cases, soundcards, speakers, mice, keyboards, and monitors have always been expensive, whatever the era, just like GPU's...

I remember paying nearly a grand for 386 basic build.

People also forget that gains in the past, when it came to manufacturing process, were higher and costs were less. Cards were also less complex. People said the 4080 was more like a x70 card. Well, GTX970 is around a 150w TDP card while 4080 is a little over 300W TDP. If I cut the power to around 150W, the cards loses half the performance.

Moreover, due to actual fine wine technology, something like the basic 4080 can do 4k path tracing at above 60fps before frame gen and hitting 100fps with frame gen - of course, assuming the game is actually well coded. Good luck having in the past, a two years old card doing the latest and greatest tech at highest resolution @ 60fps...

Inflation numbers used by central banks around the world are unreliable and it's been that way for many yonks. Ask any average person if they feel like inflation is the same number reported by the bank and they'll tell you no, inflation is higher.

That's because inflation is always calculated with a whole bunch of assumptions (called a "basket of goods") and in reality those assumptions don't reflect the average person.

One item in the basket may have experienced 50% inflation in the last 20 years, while another item experienced 500% but if you never buy the item with 50% inflation and buy only the item with 500% inflation then real inflation for you is going to feel much higher

Similarly, if you don't really buy the 500% inflated product, but you only buy the one that got 50% or less, then inflation for you is/was lower. Ergo, the "basket of goods".
 
People also forget that gains in the past, when it came to manufacturing process, were higher and costs were less. Cards were also less complex. People said the 4080 was more like a x70 card. Well, GTX970 is around a 150w TDP card while 4080 is a little over 300W TDP. If I cut the power to around 150W, the cards loses half the performance.

Moreover, due to actual fine wine technology, something like the basic 4080 can do 4k path tracing at above 60fps before frame gen and hitting 100fps with frame gen - of course, assuming the game is actually well coded. Good luck having in the past, a two years old card doing the latest and greatest tech at highest resolution @ 60fps...



Similarly, if you don't really buy the 500% inflated product, but you only buy the one that got 50% or less, then inflation for you is/was lower. Ergo, the "basket of goods".

Yep, look the basket of goods concept is designed to make it easy for the central bank, so they can simply produce a single number to track their performance and inflation in the economy. In reality inflation is different for every person, because every person has their own basket of goods that differs from the bank's basket
 
Yep, look the basket of goods concept is designed to make it easy for the central bank, so they can simply produce a single number to track their performance and inflation in the economy. In reality inflation is different for every person, because every person has their own basket of goods that differs from the bank's basket

Of course is subjective, but that doesn't change much. You need to standardize these metrics or else you can't really talk about inflation or any variation in prices since everyone will have his own subjective view.

And another food for thought: if in the past I had to upgrade every 1.5-2 years and now I'm doing it once every 4 years, for the same money / performance, is that inflation? Does it truly affect me?
 
I was sure Nvidia's bubble would have burst a long time ago but credit to Jen he thinks long term and always has a plan to inflate Nvidia's P/E even further. Looks like although those professional cards he donated to universities years ago to help build out Cuda is paying massive dividends.
 
Truly obscene times we live in.

All off the back of producing nothing of intrinsic value.
Yes and no, I think CPUs and more cores only get you so far, whereas GPU compute power has been unleashed in AI and who knows what else in the future - as long as the task can be computed in parallel.

I went 5070 Ti for 4K, 16GB, DLSS, RTX/PT, temps 68C max in a PC with very low fans, yup was expensive.

Margin Call and Wall Street (1987) taught me everything I need to know about capitalism :) As long as all companies are paying their taxes and not ballrooms it's all good. Or as good as capitalism gets.
 
I found the problem with your analysis.

I've heard some gaslighting in my time but if the BOE is trying to say there has been less than 100% inflation in the last 22 years they are smoking crack or just outright lying to our faces.

And yes they are lying to our faces.

22 years ago a bag of chips was like around £1. Now it is £3. I know for sure in 1998 it was 70p for chips at a chippy. The sun news paper has like quadrupled in price in 22 years.

Food prices pretty much across the board have gone up more than. 100% over 22 years.
 
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