The idea that the world will ever have enough compute is ridiculous. I'm sure all of this sudden growth will need to be digested at some point, but that won't mean the industry will permanently lose a big chunk of its market cap.
I think the expectation of ever growing compute is not totally crazy. It will come with lower margins eventually though, and more players in the market. It also might get much more moderate, including from hardware limitations. Efficiency wise h200->b200 isn’t as crazy as a100->h100.
Same argument can be somewhat applied to CPUs circa 90s. The growth did stop/stalled in the end.
Assumption is that business become profitable, and not just break even profitable but profitable at their expected multiples, isn't it?
Given enough compute, you can a very smart LLM to work on any number of things by itself.
I get the impression that you don't. This isn't meant to offend you, since this stuff is really hard to do. But I notice this a lot - wishy washy comments, that lack deep thought.
This place would be better with less posts but more thinking.
1) We didn’t make the world digital native in that era
2) We didn’t connect the whole world to the internet
WMT is a better example than NVDA.
https://www.macrotrends.net/stocks/charts/WMT/walmart/revenu...
The people who understand corporate finance, valuation and product development can catch this stuff early on.