GPU Prices: AI is the new Crypto

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RandyT:
Nvidia stock price spiked 27% yesterday based on AI, with still weak GPU sales. Looks like others have picked up on this as well.

fallacy:
I have a Tec ETF that just shot up today… Nvidia is a part of it, I was like screw it I am selling the entire thing and taking my 50 grand in profit. If it drops back down 15% or so I will buy back in. It always does that, everyone is all talking about a recession around the corner so of course that means your stock is going to shoot up.

pbj:
I asked some AI thing to tell me a story about an aging 90s super model doing horrible things for $50….

And got a story about “Samantha” getting a gig modeling adult diapers and leaning into it.

Y’all enjoy your AI.

lilshawn:
That's what you get for using public trained AI. gotta hit up that private stash, ifn' ya' know what I mean.

RandyT:

--- Quote from: fallacy on May 26, 2023, 05:44:07 pm ---I have a Tec ETF that just shot up today… Nvidia is a part of it, I was like screw it I am selling the entire thing and taking my 50 grand in profit. If it drops back down 15% or so I will buy back in. It always does that, everyone is all talking about a recession around the corner so of course that means your stock is going to shoot up.

--- End quote ---

Some are speculating that Nvidia will become one of the biggest companies in the world, due to AI. Personally, I have my doubts. Increased demand means increased competition from other companies. When you can get them, the special GPU boards from Nvidia are right around 8K retail, and much more now due to the demand. That's a pretty shiny brass ring for other companies and investors to want to take a swipe at. The real question at the moment is how competitive they will be able to be with their technology once the specialized AI number cruncher IC's start making their way to market and the methods advance to the point that the AI can be trained on a cell phone.

There will likely always be a market for the GPU side of things for them to fall back to, so Nvidia will try not to poop too many times in that swimming pool. They already took the somewhat unexpected step of reducing prices on the 3000 series cards, but not really enough to make them attractive at the moment. The only outlier might be the 3060 12gb version at ~$280, which is a decent 1080-1440p card with enough VRAM for some AI tinkering. But I expect that value to be short lived when/if the 16gb 4000 variants get closer to that price point. If I were to speculate, I get the impression that the stale sales of the 4000 series, and AMD barking at their heels, has them with a projected timeline for dropping the prices on the 4000 series GPUs, but before they do that, they need to clear the 3000 series stock from the shelves so as not to take a beating on them. Regardless of what the future brings, the 3000 series price drops are an indicator that they are still concerned about their market share in gaming, as they should be given what may be a short run in the longer AI game.

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