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‘Nobody in their right mind would do it.’ Nvidia CEO Jensen Huang says he wouldn’t start a company if he had a do-over.

erek

erek

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🤔 🧐 Hmm

“In explaining how he persevered, despite doubts and challenges, in building Nvidia into the company it is today, Huang credited a “support network” of people who never gave up on him during the three-decade journey.

He explained that the experience of leading Nvidia during those periods when its share price has been in seeming free fall was almost “too much to endure,” after the company was first listed on public markets in 1999. “It’s embarrassing no matter how you think about it.”

His comments come as Nvidia’s share price has, again, been in retreat, losing ground following a major 245% surge over the previous 12 months.

More recently, the Santa Clara–based company’s stock was hit by the Biden administration’s decision to introduce tougher controls on the export of semiconductors to China.”

Source: https://www.marketwatch.com/story/n...t-start-a-company-if-he-had-a-do-over-cc5bee2
 
AI is a money black hole in a world where venture capital is shrinking as debt is starting to cost money again for the first time in almost three decades.

I'm not saying this is all doomed, but it sure feels like a bubble to me.
 
Armenius said:
So what you're saying is it's time to buy the dip?
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Wow much dip Nvidia ruined! :p

If a company gets to ride every non-gaming GPU bubble there is (but including gaming).... 🤑🤑🤑🤑🤑🤑.... sound like a company I'd want to own 👌

Edit: But props to Jensen - not easy to build what he did whether you love or hate him 👍 inb4 someone goes 'bHuT hE dIdNt Do It AlOnE!!1!!'
 
staknhalo said:
Wow much dip Nvidia ruined! :p

If a company gets to ride every non-gaming GPU bubble there is (but including gaming).... 🤑🤑🤑🤑🤑🤑.... sound like a company I'd want to own 👌

Edit: But props to Jensen - not easy to build what he did whether you love or hate him 👍 inb4 someone goes 'bHuT hE dIdNt Do It AlOnE!!1!!'
Click to expand...

To be fair, Nvidia has a bonkers valuation right now compared to its revenue, but they’re also experiencing blockbuster growth. Price discovery is still in progress, and it’ll be interesting to see where it ultimately ends up.

One thing’s for sure though, they’re well in the lead for AI. If CUDA can retain dominance, they’ll be incredibly difficult to unseat, since they’ll own the primary API as well as the best hardware in the industry. Open source solutions would provide the biggest challenge.

In any case, Jensen is easily one of the best CEOs in tech. Dude’s the real deal. Nvidia is a perfect example of what happens to a company when you have a guy who understands the big picture (the technology, the product, the customer).
 
HockeyJon said:
One thing’s for sure though, they’re well in the lead for AI. If CUDA can retain dominance, they’ll be incredibly difficult to unseat, since they’ll own the primary API as well as the best hardware in the industry.
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Yep. Nvidia began investing in CUDA and AI all the way back in the mid/late-2000's.

“For 10 years, Wall Street asked Nvidia, ‘Why are you making this investment? No one’s using it.’ And they valued it at $0 in our market cap,” said Bryan Catanzaro, VP Applied Deep Learning Research at Nvidia. He was one of the only employees working on AI when he joined Nvidia in 2008. Now, the company has thousands of staffers working in the space.

So their AI market position isn't an accident, nor "just getting lucky" as I see thrown around. Reminds of a guy that fucked off after highschool running into a HS buddy who now owns a large company - and calling him "lucky" - when in reality it required grinding and sacrifce and risk of ruin the entire way.

That said, AI absolutely cannot become a monopoly, or even majority - hardware or software. I'm somewhat uneasy about NV's success here.
 
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DPI said:
Nvidia began investing in CUDA and AI all the way back in the mid/late-2000's, FFS.

“For 10 years, Wall Street asked Nvidia, ‘Why are you making this investment? No one’s using it.’ And they valued it at $0 in our market cap,” said Bryan Catanzaro, VP Applied Deep Learning Research at Nvidia. He was one of the only employees working on AI when he joined Nvidia in 2008. Now, the company has thousands of staffers working in the space.

So their AI market position isn't an accident, nor "just getting lucky" as I see thrown around a lot by people calling it "unfair". The attitude reminds of a high school reunion where one guy who fucked off after highschool and didn't aspire to much, calls another guy "lucky" because he's now the owner of a successful company - for which he grinded, and risked failure and even ruin the entire way.
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A few things on Wall Street analysts:

1) They aren’t tech people, they are finance people. They understand spreadsheets, but they don’t necessarily have the vision that actual tech people have.

2) The “analysts” all said Apple died with Steve Jobs. Remember when Steve Jobs passed, they all repeated the refrain “Apple is done, the company can’t innovate, none of the kids want an iPhone anymore because Samsung”, etc. Split-adjusted, Apple stock traded at $13.36 at the time of his death. It closed at $172.88 on Friday. Remember that these same analysts would have a panic attack when Apple made $50 billion in a quarter instead of the $50.1 billion that some dude in a bar they know said they should make.

3) Nothing on Wall Street is free. Unless you’re paying someone and having a meeting behind closed doors, the stuff being put out in the general media for free is not their A-team guys and may or may not be reflecting what they’re actually doing and advising paying clients. Goldman Sachs isn’t going to just give away their best stuff. I can’t count the number of times I’ve heard big managers like Ray Dalio or Bill Ackman talk about how the world is about to end during some interview on CNBC, and yet they stay invested and still manage to beat the market.
 
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Marees said:
Not constant joy, but enduring fear, humiliation, and gratitude. Jensen embodies the American dream with inspiring tales of clawing through poverty and uncertainty to impacting the world. It is a GREAT story and one that should be heard by all!

https://semiwiki.com/artificial-int...onald-trump-truth-bombs-on-joe-rogan-podcast/


View: https://youtu.be/3hptKYix4X8
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I've followed startups and scaleups (i.e. startups that have reached a mostly-growth phase) and I know it's genuinely hard even if you have a great idea. The wild scrambles for funding and talent. The rocky financials where your company could live or die based on one quarter. And of course, getting to the big leagues doesn't guarantee that you'll last long. Huang worked hard but was no doubt stressed to oblivion long after NVIDIA became established, and I'm sure he knows that a bit of 'luck' was involved.
 
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