NVDA graphics cards are much better than AMD for ML workloads. ML training workloads increase in their size every year as the industry cranks out ever better models. I firmly disagree on companies cutting their ML development in a deteriorating environment; for many companies, strong ML IS the economic future of their company.
NVDA stays high because as much as things could possibly deteriorate in the short term, in the mid to long term, NVDA makes one of the most critical products for the advancement of technology. When it dips, people will buy it, and at some point, we’re going to get a bullish tech market again and the shares will achieve an even greater premium. Their growth prospects in the ~10 year span are better than most mega cap companies, yet they are also one of the safest growth investments out there.
No doubt, you might make money playing NVDA, but I would watch out how long you’re short.
dCrumpets t1_j2ftgq3 wrote
Reply to Is there any bullish argument left for NVDA going into 2023? by Schwimmbo
NVDA graphics cards are much better than AMD for ML workloads. ML training workloads increase in their size every year as the industry cranks out ever better models. I firmly disagree on companies cutting their ML development in a deteriorating environment; for many companies, strong ML IS the economic future of their company.
NVDA stays high because as much as things could possibly deteriorate in the short term, in the mid to long term, NVDA makes one of the most critical products for the advancement of technology. When it dips, people will buy it, and at some point, we’re going to get a bullish tech market again and the shares will achieve an even greater premium. Their growth prospects in the ~10 year span are better than most mega cap companies, yet they are also one of the safest growth investments out there.
No doubt, you might make money playing NVDA, but I would watch out how long you’re short.