this post was submitted on 22 Nov 2023
1 points (100.0% liked)
Hardware
58 readers
7 users here now
A place for quality hardware news, reviews, and intelligent discussion.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
So why did the stock slip? Sell the news?
Stocks are forward looking. The fact that they did well last quarter is nice and all but they were predicting drops in sales in China. So the market reacted by dropping Nvidia price.
It was priced in already
So stock owners did sell the news
Nvidia stock has been priced for about tenfold growth already. Unless they literally grow 1000% there is little reason for the price to move.
That's what I said in 2016 😮💨
Probably because every large LLM provider is trying to develop their own silicon to run their models.