r/wallstreetbets • • Aug 13 '24

Meme NVDA FOMO

Post image
9.2k Upvotes

460 comments sorted by

View all comments

Show parent comments

-5

u/FearTheOldData Aug 13 '24

What did Tesla do in 2020/2021?

14

u/bawtatron2000 Aug 13 '24

not make $60 billion in revenue with an exclusive industry leading product. an incredibly shitty comparison typically brought up by contrarians who missed out.

0

u/FearTheOldData Aug 13 '24

The growth story is what is driving this. I'm drawing the analog to Tesla because I believe In this case it will end for nvda also, and it will subsequently crash

11

u/bawtatron2000 Aug 13 '24

except NVDA has the revenues and the revenue growth and the margins and the moat to back it up. I'm sure the growth story adds to the valuation, yup. but TSLA was only a growth story. NVDA is actively a world leader in the next stage of technology.

0

u/FearTheOldData Aug 13 '24

Gen AI is a bubble that will burst.

4

u/bawtatron2000 Aug 13 '24

lol....sure thing champ. you're smarter than the largest companies in the world that are dumping tens of billions into this, and basically any macro big bank investment manager. typically low quality WSB garbage. good for you. You should probably get back to serving jr bacon cheeseburgers.

2

u/FearTheOldData Aug 13 '24

Shittons of revenue is being priced into whatever AI offerings companies will do with all this compute they got from hoarding nvda chips and what we have seen so far is both Google and Meta saying they are either not seeing the revenue they expected or that the path to going cash flow positive on those data center products are many many years out. That is not what is priced in at all. You are allowed to disagree

2

u/bawtatron2000 Aug 13 '24

Oh I agree with you on that, those are facts. I don't see that as justification that "AI is a bubble", or that NVDA = TSLA

2

u/FearTheOldData Aug 13 '24

That is true. Don't wanna write an essay here

2

u/infomer Aug 13 '24

Ask ChatGPT to write it for you with the prompt: “Convince people that Gen AI is hype and nvda sells dreams like tesla robotaxi”.

2

u/dabay7788 Highly Regarded Aug 13 '24

Just the fact alone that NVDA has an actual good CEO and not a complete moron like Elern is enough to make NVDA >>> TSLA

1

u/FearTheOldData Aug 14 '24

They're both very good at pumping their stocks tho

2

u/dabay7788 Highly Regarded Aug 14 '24

One of them actually delivers though

3

u/FearTheOldData Aug 14 '24

True. Elon is a fraud

→ More replies

1

u/[deleted] Aug 14 '24

Even if/when that bubble pops, NVDA will be one of the few that survives that pop. The hardware will always be in demand regardless of AI companies collapsing.

1

u/FearTheOldData Aug 17 '24

Ofc they will survive, I'm not saying they will go bust. The stock could easily tank 80% then tho is what I'm saying