- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
I think Steve from Gamers Nexus broke this first…
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Duh?
It was obvious to anyone with an IQ above room temperature mayonnaise.
The situation described in the report saw NVIDIA on the hook for an “avalanche” of GPUs from TSMC, for which it would have no immediate buyers. Part of the issue highlighted by Kress was also that these small-scale cloud providers NVIDIA was investing in could not afford to buy NVIDIA GPUs, meaning they, too, could be a financial dead end.
This is big. Nvidia also didn’t show up in last few weeks for OpenAI’s financing desperation. There were bigger 5090 shortages this summer, as rumour that datacenters were being built around them, after rtxpro shortages.
Nvidia circular financing started off the bubble. But it needs new bagholders, and its sales/extortion power plummets as its investments fail. OpenAI failure brings down the industry financial backers, though it makes GPUs/RAM cheap again.
If it’s legal then Nvidia has managed to grab huge shares in AI companies. If chips become cheap now, AI companies will make profits and Nvidia benefits from having the shares.
it makes it easier for cloud services, though these will remain competitive. It makes it easier to escape the cloud too, or to directly rent GPU VM spaces.
Expensive GPUs aren’t the reason they aren’t profitable.
To bad this is all coming out on the weekend Markets not open
Just billionaires doing billionaire things.
All the fish are swimming in the water. Bubble, bubble, bubble pop.
I mean that’s great and all, but AMD is selling everything they make. They have Zen 6 out and it’s going directly into servers.
CPUs aren’t doing the bulk of AI processing.
How do you know it’s not fueled by the rampant circular financing?
It’s not circular financing, it’s not a bubble you guys. This is all legit above table normal capiterlizum
It is right up until you report the “sales” numbers… Sales numbers can’t include your own money.
… Not to meme, but, why not both?
If you can barely tell the difference, things are moving in the wrong direction.
Isnt this market manipulation?
Yes
Coming soon: A class action lawsuit against NVidia for everyone that bought a graphics card between the dates of X and Y who will eventually receive a 15$ cheque in the mail 5 years from now.
While the lawyers get like $10,000 per
That is how doing actual work be
Nooooooo I want to feel cheated on by the corrupt system!
…WE KNOW.
It bears repeating… ;-)
Yeah, fair. It does. It would just have been helpful if articles like this had been written… a little sooner.
They were, just got ignored by most mainstream journalists and outlets. Ed Zitron and several others have been all over this for a while
Its funny because bloomberg has a video on them… Despite being the conpany who was trying to silence Gamers Nexus last year about the smuggling topic.
May the Flying Spaghetti Monster bless Gamers Nexus in pepetuity. That kind of intersection between raw intelligence and testicular fortitude is getting far too rare these days.
We’re lucky to have them.
Corporate media was too busy backing fascism.
Brown, black, or white?
Giant short-faced
Kodiak
so basically act as LLC front companies.
https://piefed.social/comment/13720854
Edit: nvm
Um… wasn’t this well known? They’d buy up struggling companies, then secure a purchase agreement for GPUs through those companies in order to inflate their sales figures. They did this. A lot.
I am shocked. Shocked!
