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https://freedium.cfd/https://wlockett.medium.com/did-nvidia-just-prove-there-is-no-ai-bubble-a1569e7fc0cd>
“"There is a lot of talk about an AI bubble," Nvidia CEO Jensen Huang said
during Nvidia's recent Q3 earnings call. "We see something different." It's
easy to see why Huang might think that. After all, this earnings call was
basically a litmus test for the AI industry, which they aced. Their revenue for
the quarter jumped 62% from last year to $57 billion, higher than Wall Street's
predictions. I'm sure from atop Huang's mountain of gold, everything seems
fine. Indeed, it seems like everyone has agreed that fears of the AI bubble
catastrophically bursting are unfounded. But I am calling bullshit, because
this is no mountain of gold — it is a tower of cards.
What everyone seems to be missing is that demand for trowels or spades doesn't
mean tulip mania or the gold rush bubble isn't about to pop. Likewise, demand
for the AI chips Nvidia sells doesn't mean there isn't an AI bubble that is
about to ruinously collapse.
Case closed. But everyone also seems to be missing the damning context of this
earnings report. In a similar way to pulling one thread and having your jumper
fall apart, when you follow the money here, the horrifying extent of the AI
bubble is laid bare.
Strap in — this is a long one!”
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
