I see it different... Yeah, you have the chips...I get it. How are you going to implement them into a process for your company that makes you money?? My thoughts are IBM...That's how I would play AI. This AI accelerator service is expected to be available in the first half of 2025. With the new offering, IBM and AMD aim to boost performance and efficiency for generative artificial intelligence (AI) models and high-performance computing applications for business customers. The partnership will integrate support for AMD Instinct MI300X accelerators into IBM's watsonx AI and data platform, along with AI inferencing capabilities in Red Hat Enterprise Linux. AMD Instinct MI300X accelerators, featuring 192GB of HBM3, are designed to handle large-scale model inferencing and fine-tuning tasks. The large memory capacity of the AMD Instinct MI300X accelerators can help customers run larger models with fewer GPUs, potentially cutting inferencing costs. This is expected to provide watsonx clients enhanced AI infrastructure to scale workloads across hybrid cloud environments. Generative AI inferencing workloads involve computational tasks using trained generative AI models to produce outputs such as text, images, audio, or video. These workloads encompass processes where live data is fed into models to generate content, predictions, or solutions. They typically require significant computational power and efficiency to handle complex operations, especially in real-time applications. PS IBM 222.40+7.80 (+3.63%) At close: 4:00 PM EST
I agree that there aren’t many competitors, and I also don’t doubt that NVDA will continue to grow. However, I don’t believe the growth will be as explosive as it was in 2024. It seems more reasonable to appreciate those who bought at the start of the year and held on without selling until now. Moving forward, the price is likely to stabilize around the 130–135 range. By the way, I’ve been looking at the annual stats here: https://prismo.pro/stock/nvda. What caused the dips in early August and September? Do you know what might have triggered those?
There was a "rotation" in the sectors that investors bought. Even within tech a lot of people rotated from chip hardware to software companies. But in general investors moved their money from tech to financials, industrials & materials mainly. Even the small caps started to over perform the QQQ. Ultimately it is about earnings growth expectation & people believe NVDA won't grow as fast other sectors. August was also the end of the 3 day panic in Japan caused by a short-term end of the Yen carry trade. Since the Japanese tried to raise rates at that time, selling Yen and using that money to buy US stocks, mainly the MAG7, became a lot more risky. That was the beginning of the under performance. The Trump election also didn't help since high growth means less of a reliance on secular growth stocks, which means you can buy non Mega Tech stocks.