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Nvidia overtakes Apple as the second most valuable company. (www.cnbc.com)

submitted 5 months ago by Timely_Jellyfish_2077 to c/[email protected]

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[–] [email protected] 51 points 5 months ago (1 children)

Last year's Nvidia keynote at Computex had Jensen trying to get the audience to have an awkward, AI-generated sing along. The market thought this was great and sent the market cap over $1T.

For this year's keynote, Jensen wandered the stage like he was looking for his cat while rambling about language models. The market thinks this is great and sent the market cap over $3T.

For the second biggest company on Earth, he is a shockingly bad speaker, and completely ill prepared. For some reason, the market loves this guy.

[–] [email protected] 29 points 5 months ago (1 children)

Is it that the market loves him or is it that a CEO's keynote isn't really that big a deal and is mostly an ego-stroking event?

Because I'm guessing what the market actually loves is the new products that are announced.

[–] [email protected] 12 points 5 months ago (2 children)

That's the thing: no new products were announced.

[–] [email protected] 8 points 5 months ago (2 children)

For consumers. They're pushing put giant power hungry gpus for data centers to power LLM.

Most of the valuation is likely consumers hyping the bull run, and speculation about just how much b2b revenue they will get.

[–] [email protected] 4 points 5 months ago (1 children)

They didn't though. Blackwell was announced before this, and there isn't any real specifics besides showing some prototypes. There's some software stuff about improving Pandas and pregenerated LLMs. That's about it.

[–] [email protected] 2 points 5 months ago (1 children)

Dont product announcements usually precede the stock hype?

[–] [email protected] 2 points 5 months ago

No, usually it’s buy the hype sell the news.

[–] [email protected] 2 points 5 months ago

This weekend I proposed to my girlfriend, here's what it taught me about B2B sales...

[–] [email protected] 7 points 5 months ago

I take back what I said in that case.