Nvidia Eyes $1 Trillion Club Following Blowout Earnings (yahoo.com) 24
GoJays shares a report from Yahoo Finance: Nvidia's (NVDA) stock closed out the trading day Thursday with gusto, following its impressive Q3 earnings report on Wednesday. Shares of the chip maker ended the day up 8.25%, after jumping more than 10% at the open. The stock's performance comes after the company reported quarterly revenue jumped 50% year-over-year on the back of strong performances by its data center and gaming businesses in Q3.
Nvidia's data center arm has been a boon for the firm, helping to power its stock price up 124% year-over-year at the close of trading on Wednesday. And the company's earnings report only buoyed investor confidence in the business, which saw record revenue of $2.94 billion in the prior quarter, a 55% year-over-year increase. Not to be out done, Nvidia's gaming business also brought in record revenue of $3.22 billion, a 42% year-over-year increase. Needham analysts said Nvidia could become the "first trillion dollar semiconductor company." As Bloomberg notes, $60 billion was added to the company's market capitalization on Thursday, which is near the $800 billion threshold. "Since early October, Nvidia has added nearly $300 billion in market value, about the equivalent of the market cap of Disney, Netflix or Pfizer."
Nvidia's data center arm has been a boon for the firm, helping to power its stock price up 124% year-over-year at the close of trading on Wednesday. And the company's earnings report only buoyed investor confidence in the business, which saw record revenue of $2.94 billion in the prior quarter, a 55% year-over-year increase. Not to be out done, Nvidia's gaming business also brought in record revenue of $3.22 billion, a 42% year-over-year increase. Needham analysts said Nvidia could become the "first trillion dollar semiconductor company." As Bloomberg notes, $60 billion was added to the company's market capitalization on Thursday, which is near the $800 billion threshold. "Since early October, Nvidia has added nearly $300 billion in market value, about the equivalent of the market cap of Disney, Netflix or Pfizer."
The question is... how? (Score:4, Insightful)
I can't find a decent graphics card anywhere!
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I can't find a decent graphics card anywhere!
Nvidia should produce a dedicated crypto hashing rig. They can make a fortune selling them, and the miners will then leave the GPUs for the rest of us.
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This ought to do a pretty good job:
https://www.nvidia.com/en-us/d... [nvidia.com]
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They do and sell it direct to market through enterprise resellers. They aren't sold in the consumer space. The problem is crypto mining is so profitable right now that the power they produce in their consumer cards translates directly into cash, period. Even with LHR cards the rate of the mining is still significantly profitable.
Hell a 1080Ti still makes $4/day. A 3090 is like $8/day. Warren Buffet said you can't get rich unless you learn to make money while you sleep. This is how you do it right now.
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Did Warren Buffet mention that you also have to rape the fucking planet in the process? Because that's how he did it, and it's also how cryptocurrency works. Berkshire Hathaway is majorly invested in coal, and Buffet has said "I don't believe in imposing my political opinions on the activities of our businesses" which is a real good weaselly way to say fuck you, I've got mine [cnbc.com].
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Did Warren Buffet mention that you also have to rape the fucking planet in the process?
That's basically implied, what sheltered life have you been living that you don't know that?
Re: Not blowout "earnings" (Score:2)
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It all depends on if the rest of the world can start recovering. If there is a crash the US will still fair the best because we've recovered the best. So any crash will just be half recovered economies crashing back to zero again and the US dipping for a short period. It won't look pretty, but the banks will do just fine like they did last time. The difference this time is money will run into crypto and some of that value will drain back into the US from the collapsing economies.
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The fed is spilling 120 billion every month into Wall Street as some kind of "stimulus", QE infinity. All talk of "earnings" and "valuations" is entirely bogus. You can still make some money while the game runs, the casino is open
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Like an Attorney (Score:3)
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It's no secret that the ones that actually got rich in the various gold rushes throughout the times were the stores that sold the miners their tools.
Re: How do Nvidia gpus compare to AMDs? (Score:2)
Speaking strictly in the consumer market, nVidia has the fastest available dGPU on the market - the RTX 3090. You will have to do specific comparisons between AMD and nV cards further down the product stack. Benchmarks are widely available. Also if you want RT then nV is still your top pick no matter what.
Goodbye affordable graphics cards. (Score:3, Interesting)
They've caught on that some people (looking at you ETH/crypto assholes) will pay anything for their cards.
It wasn't all that long ago I thought people were nuts paying a grand for a Titan to game on.
These days you can't get a decent card for love nor money. If you can find one they're well north of $2,000 for most of them.
My 2060 will be kept in service for quite a while yet it seems.
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Amazing. (Score:2)
Given how anti-consumers they are.
How hostile towards FOSS they are.
How hostile they are against open standards.
How they donâ(TM)t respect their userâ(TM)s privacy (forced telemetry added to drivers installs and no consent from their customers).
And many more actions, yet people keep giving them money and support.
Cant wait for them to get ARM and screw everyone with that!
Lube not included.
Intel Missing in action (Score:2)
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The thing is, ATI and then AMD failed so hard for so long at making decent drivers (which still aren't as good as nvidia's) that gamers had only one real viable choice if they wanted to actually play games. I would try one every third GPU or so and always regretted it. It's only now that they are even a real option.
nvidia may be evil, but they are also competent, at least as measured against the competition.
It might also be mentioned that Intel has consistently failed to produce a performant GPU.
Turning a mistake into cash (Score:2)
Basically, had NVIDIA not fucked up, decided to "cut losses" at the outset of COVID, and release fab space back to fab vendors.
Now don't get me wrong. The market swing would still have happened.
The position simply wouldn't have been AS tight.
And we wouldn't be looking at the impact of scalping being anywhere near the insanity it is today.
And they should send a thank you note (Score:2)
to Satoshi Nakamoto, because blockchain mining is propping up Nvidia's revenue quite a bit. The other thing would be AI.