NVIDIA’s stock price is extremely high right now. It’s up 134% this year, and up about 6,000% since 2015! Does this shed light on AI timelines?
Here are some notes,
NVIDIA is the top GPU company in the world, by far. This source says that they’re responsible for about 83% of the market, with 17% coming from their primary competition, AMD.
By market capitalization, it’s currently at $764.86 billion, compared to the largest company, Apple, at $2.655 trillion.
This analysis estimates their projected earnings based on their stock price on September 2nd and comes up with a projected growth rate of 22.5% over the next 10 years. If true, that would imply that investors believed that revenue will climb by about 10x by 2031. And the stock price has risen 37% since then.
Unlike in prior cases of tech stocks going up, this rise really does seem driven by AI, at least in large part. From one article, “CEO Jensen Huang said, “Demand for NVIDIA AI is surging, driven by hyperscale and cloud scale-out, and broadening adoption by more than 25,000 companies.”
During the recent GTC 2021 presentation, Nvidia unveiled Omniverse Avatar, a platform for creating interactive avatars for 3D virtual worlds powered by artificial intelligence.”
NVIDIA’s page for Omniverse describes a plan to unroll AI services that many Lesswrongers believe have huge potential, including giant language models.
NVIDIA’s stock price is extremely high right now. It’s up 134% this year, and up about 6,000% since 2015! Does this shed light on AI timelines?
Here are some notes,
NVIDIA is the top GPU company in the world, by far. This source says that they’re responsible for about 83% of the market, with 17% coming from their primary competition, AMD.
By market capitalization, it’s currently at $764.86 billion, compared to the largest company, Apple, at $2.655 trillion.
This analysis estimates their projected earnings based on their stock price on September 2nd and comes up with a projected growth rate of 22.5% over the next 10 years. If true, that would imply that investors believed that revenue will climb by about 10x by 2031. And the stock price has risen 37% since then.
Unlike in prior cases of tech stocks going up, this rise really does seem driven by AI, at least in large part. From one article, “CEO Jensen Huang said, “Demand for NVIDIA AI is surging, driven by hyperscale and cloud scale-out, and broadening adoption by more than 25,000 companies.”
During the recent GTC 2021 presentation, Nvidia unveiled Omniverse Avatar, a platform for creating interactive avatars for 3D virtual worlds powered by artificial intelligence.”
NVIDIA’s page for Omniverse describes a plan to unroll AI services that many Lesswrongers believe have huge potential, including giant language models.