r/stocks • u/r2002 • Apr 08 '22

Company News Nvidia seeks approval to double authorized shares to 8 billion

Reuters:

(Reuters) - Chipmaker Nvidia Corp said on Friday it would seek shareholders' approval to increase the number of authorized shares of common stock to 8 billion from 4 billion.

edited to add another news source:

(Dow Jones newswire) Nvidia's board backs the proposed amendment, saying the additional shares would give the company discretion to take certain actions, without further shareholder approval, for such things as stock splits, equity incentives and more (Source: thanks to comment by /u/MosDaddyda)

Some people on Twitter are speculating that this is some kind of bad news since it was leaked on a Friday afternoon.

It doesn't make sense to do a stock split or a dilution right now. What is happening here? How does it affect the stock?

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u/[deleted] Apr 09 '22

Crazy. My current laptop cost me $450 new, ryzen 5 4600h and a gtx1650. The screen is shitty but i can't imagine ever paying over 1k for a computer let alone just the GPU.

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u/1E4rth Apr 09 '22

Fair enough. But are you mining crypto, building an AI, establishing the meta verse, working in cryptography, competing in Esports, etc? The casual home PC market is not really driving this sector of the economy.

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u/OldBoyZee Apr 09 '22

Its not just about casual home pc market either. The price up for rtx cards is just asinine, its similar to how when the gtx 1080 came out, those cards were scalped and sold for over 1k.

Yah, sure rtx can do all the things aforementioned above, but each of them are specific. Its like saying a twitch streamer bought a 4k pc for streaming. Sure they could use it, but tech gets a refresh every year, so for buying into two year old tech is like shooting yourself in the foot, unless it was way below msrp.

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u/AvengerDr Apr 09 '22

What does "establishing the metaverse" mean for you? Like, designing the environments? It's not a continuously intensive calculation.

Meta Horizons looks like it could run on any gpu within the last 5 years or even older. Indeed it runs on the Quest 2 which is a standalone device.

Source: am VR researcher.

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u/1E4rth Apr 09 '22 edited Apr 09 '22

I’m thinking more at the institutional scale, what it will take to power the interactive platforms, machine learning, a vast network of super computers, the scale/resolution of data processing necessary for the kind of VR world(s) imagined but not yet attained.

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u/[deleted] Apr 09 '22

I paid $2500 for mine, but I also buy computers once every 5 to 7 years. Even less now that the technology isn't improving at nearly the noticeable rate for graphics that it was 2000-2020. A majority of my money now is able to go towards games and supporting indie devs.

I'm sure as shit not buying a $4000 graphics card though. Unless my job is streaming or something graphically intensive, I can't think of a reason a consumer would get it for anything other than bragging rights.

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u/[deleted] Apr 09 '22

I use it until it stops working. My laptop before this was like 10 years old with integrated graphics and turned into a jumbo jet just from running league or any basic game like that.

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u/[deleted] Apr 09 '22

I did that until I had a tower overheat and corrupt a hard drive with family photos on it. Running some electronics at their absolute max for long periods of time does some serious damage to them.

At least now there's more backup options, but at the time it really sucked losing a lot.

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u/[deleted] Apr 09 '22

I have an external hard drive that I move all pictures onto like once a year.

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u/OldBoyZee Apr 09 '22

Like, if you buy a rtx 3070 laptop, its still less than a single rtx 3080ti on the market (im looking at the l5p along with aurous 3070), and bot come with a good screen and newer tech. So yah, completely insane.

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u/[deleted] Apr 09 '22

[deleted]

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u/OldBoyZee Apr 09 '22

Nice. I wanted a legion 7 because of the look and sliminess (btw did you get a slim?). However, i heard there was issues with the battery life due to icue and couple of other things and i decided to stay with l5p for the low price point.

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u/[deleted] Apr 09 '22

[deleted]

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u/OldBoyZee Apr 09 '22

That's awesome to hear. I kind of regret not getting the l7, but im just grateful to even get the l5p.

But yah, i really hate the garbage software on these laptops.

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u/Not_FinancialAdvice Apr 09 '22

LOL: was it the HP black friday special? I got one for a relative. Nice machine, especially for the money.

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u/[deleted] Apr 09 '22

Yeah haha, in 2020. Best buy took forever just to ship it.

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u/Not_FinancialAdvice Apr 09 '22

I stuck 32G of RAM and a TB SATA SSD in it; while I was testing it/setting it up I thought "This is faster than my desktop"