Because NVIDIA is the linchpin of the overextended AI buildout and it turns out they’ve been knowingly sidestepping sanctions. Which in turn helps explain why Ukraine keeps finding NVIDIA AI chips in Russian drones.
Huge percent of the recent stock market gains from the last years were due to AI up until this week. And it was NVIDIA who was floating the cash to keep things buoyant in a lot of cases.
That’s one angle, and by now after all these years it’s probably aged-into the biggest thing…
But I think there is another angle too…
Once upon a time, nvidea was making hardware for gaming PCs. Seems like a distant memory, and my elder millennial bones creaking can probably be heard by my “OK boomer millennial” comment but:
Friggen crypto came along and nvidea was like “we’ll follow the money: fuck our old gaming customers”. That hurt. Then, right when it looked like that was gonna blow over… LLMs. Dovetailed right back to: “we’ll follow the money, fuck all our old gamer customers”
For all us who just got buttfucked by our old bff, it’s a guilty pleasure.
Because NVIDIA is the linchpin of the overextended AI buildout and it turns out they’ve been knowingly sidestepping sanctions. Which in turn helps explain why Ukraine keeps finding NVIDIA AI chips in Russian drones.
Huge percent of the recent stock market gains from the last years were due to AI up until this week. And it was NVIDIA who was floating the cash to keep things buoyant in a lot of cases.
That’s one angle, and by now after all these years it’s probably aged-into the biggest thing…
But I think there is another angle too…
Once upon a time, nvidea was making hardware for gaming PCs. Seems like a distant memory, and my elder millennial bones creaking can probably be heard by my “OK
boomermillennial” comment but:Friggen crypto came along and nvidea was like “we’ll follow the money: fuck our old gaming customers”. That hurt. Then, right when it looked like that was gonna blow over… LLMs. Dovetailed right back to: “we’ll follow the money, fuck all our old gamer customers”
For all us who just got buttfucked by our old bff, it’s a guilty pleasure.