I feel like people forget that Nvidia isn't just a gaming company, but rather they're the jack of all trades, having a foothold in many different sectors of technology. Gamers are only a loud minority of Nvidia consumers.

Nvidia couldn't have done it without their precious gamers paying 50x the price of their 50 dollar graphics card! 👏

The reason NVIDIA is almost indispensable for ML today is because of how well their software stack works with their hardware stack which no other company has been able to replicate successfully at scale till date

One possible consideration is that models are beginning to run up against the limitations of CUDA. This is starting to offer a place for AMD's MI200/Instinct platform to get a foothold to actually compete with NVIDIA in supercomputing if not also hyperscalers later on. I don't think NVIDIA will let this happen lightly, but it is a significant consideration as to the future ubiquity of NVIDIA's GPUs.

I'm still pissed the AI boom looks like NVIDIA's going to get off scot free for their insane pricing that began since the last big mining boom and never stopped.

The video basically boils down to "you keep paying the price increases, so we keep increasing". Nvidia is in lots of fields they can afford to hold out for little dips, then gain it all back, and some when people give in.

Can't wait to see this video aged like a fine milk.

I wonder if AMD is ever gonna expand this much. I hope they do, for a company that much smaller it's impressive how they're still managing to maintain position

AMD just announced they are producing GPUs capable of running CUDA, so the competition is heating up!

$150M from one client is insane!!!!

Thanks for this great video. I really enjoyed finding out the inner thoughts of NVIDIA as you have shown. Please do more of these if you can.

As a recent owner of a Gaming PC with an Nvidia 30 Series GPU, it is heart-breaking to see consumer Graphics Cards reach crazy prices with minimal gen on gen benefits. Seriously, the 40 Series currently is obscenely priced considering the computer logic performance is overshadowed by the bad VRAM specifications (which is slowly becoming integral in gaming performance). I hope with the 50 Series, we'll see an appropriate drop in pricing or a stagnation of pricing with increased performance.

With the release of 4070, Nvidia basically trying to escape gaming market completely to the AI market where they have clear monopoly...

I'm new to all this, feels overwhelming but I won't give up on learning this. Thanks for you clear explanation from the very beginning!🇬🇧

Absolutely Brilliant! I would love to see a case study on Tesla. Especially if you think it’s going to be the largest company by market capitalization.

Also, I would not go with Nvidia with such price spikes.

I think it is still too early to tell how successful Nvidia is going to be in the AI sector. Yes Nvidia is dominant now but Intel actually is not too far behind them in the GPU business. In actual fact Intel is the more stronger medium to long-term competitor to Nvidia in the GPU game than AMD. Nvidia is sure to get larger but to say it will become the world's largest company is too early and Tesla is massively over-rated and their(Tesla's) stock is way over-priced even at the current half the peak value.

I’ve been binge watching for days and haven’t went over 2 months of videos yet. 😮. You produce so much content. Lol

Main gripe with the video, especially since you usually do very well with the research, is the fact you were talking about Bitcoin when discussing the GPU mining aspect, even though Bitcoin is not mined with GPUs. It's a waste of money and energy to do so, it's quasi impossible. It was all about Ethereum and similar crypto based on it. It didn't destroy the point of the video, but it was a little disappointing and makes it seem like you didn't do the proper research to mess up a detail you talk about that much like that.

so in our universe Skynet is called Nvidia

You're dismissing Intel very quickly. I think they're the only ones that actually have the necessary engineering skills and capital to get close to Nvidia. They had issues with the manufacturing process but it finally looks like that's resolving itself and they're extremely competitive once again.

You know it’s going to be *high resolution* of video 😅 Nvidia is one of those tech companies that cannot sink due to their shear consistency and tech development and the rate is growing but still think that they might get due to cloud gaming but it just my take. Amazing video ❤

Don't discount AMD yet. They already have a sizeable presence in the server space with their EPYC processors. I admit they have been caught short handed when it comes to the AI revolution, but the counter-attack already started, just look at the improved AI engine in the RDNA 3 series. Also, another company we can't discard is apple, their AI engine is no joke, it just lacks a killer application.

Bro making me want to invest in Nvidia

Thoroughly enjoyed this tech deep dive. Easy to follow and informative as ever. Bring on more! :)

I don't agree at all that Tesla can steal the title from Nvidia. There's a very good video from Wendover Productions called "How Tesla Fumbled" that I would recommend. Tesla should have already been a massive leader by now, instead they ruined their chance. A lot of people now don't see the point in taking a risk on Tesla's poor build quality and extremely bad reputation for providing timely and quality service for vehicles when other automakers finally have EVs of their own on the market. Tesla still doesn't have the Cybertruck, meanwhile Rivian has been delivering their trucks and Ford's got the F150 Lightning out there too. Pretty massive mistake from Tesla considering how big the market is for trucks, at least in the US. Even the supercharger network is finally (albeit slowly) being opened up to other vehicle brands, meaning you don't need one of Tesla's unreliable vehicles to use it anymore. The more time goes on, the less incentive anyone has to buy a Tesla when there are increasingly more and better electric options on the market. Tesla has no chance to overtake Nvidia.

The problem with Nvidia currently is they're gouging consumer based products such as their gaming GPU in favor of selling GPUs for AI development. They will eventually come to terms with abandoning consumer sales in favor of other corporate entities buying their products is eventually. There will be a limit on what those other corporations are willing to buy from them eventually they will plateau in the number of AI chips they will be to sell.

NVIDIAs’s most stable customers are still gamers. All of NVIDIA’s biggest AI customers are rapidly developing their own chips - Google, Microsoft, Amazon, and even Tesla. Obviously beating the best is hard. But just look at Apple. They make better CPU and GPUs than all the big players for their particular application. That last part is important, application tailored chips. Software defined silicon will beat making GPGPU more powerful. And NVIDIA didn't innovate while the rest of the industry stagnated. NVIDIA innovated in the correct direction, while Intel, AMD, and others went in the wrong direction and Qualcomm never seemed willing to break out of smartphones. Until relatively recently, AMD always built more powerful GPUs than NVIDIA. Both AMD and Intel have very powerful AI chips, Qualcomm has good AI tech oriented at low-power embedded systems. But the problem is software. NVIDIA is the only one that did both hardware and software correctly. CUDA is NVIDIA's big advantage right now. It has been remarkably resilient, but now that AI is as big as it is, just wait until Google and Microsoft get in on replacing it. Again, look at Apple - couple the best software with good enough hardware and it will rule the market. But look at Apple again, it rules the market for brief periods until the competition can copy and improve the software and couple it with better software. I'm not saying NVIDIA is going away any time soon. I'm just saying their days as an irreplaceable aspect of HPC and AI are numbered. That $20,000 Hopper chip probably costs about $300 to manufacture. Irreplaceability brings very large margins. NVIDIA may well continue to be the best product, but if Microsoft or Google's alternative is good enough, they might have to sell Hooper for $7,000.

Looks like the title was prescient :) Any updated thoughts on Nvidia being the the largest company?

*World's next largest company Amazing work by the way. Though I love your short videos more.

Tech bros "simping" for a corporation in the comments here is, frankly, revolting.

Funny to see Saudi Aramco at 2T market cap. Wasn't only a single digit % of it even put on the market? Shows how big some of these private companies actually are.

the Cuda library is unique in the Ai space.

Os of June 2023 their stock is now above $400 per share. Back in January it was around $150.... Crazy

With moore's law over, what can they do except for price gauging?

Let’s be real here, Nvidia is fucked bc it relies almost 100% on TSMC. If tensions heat up in Taiwan, they’re screwed. They’re inevitably going to have to diversify their manufacturing and Intel will likely take up some business. Chip manufacturers are the better long-term investment imo

Another great video, Thanks Logically Answered.

Nice to see Jensen doing KZfaq videos

one distribution chain disruption and they already can´t make any of their micro chips though. Everything is fine until the fine combination of rate materials keep coming in.

11:47 "luck is what happens when preparation meets opportunity" BARS 🥶

I'm still rocking an NVIDIA GPU I got off LetGo in 2020. It works great and I haven't given a cent to NVIDIA yet, reconsider your prices.

I was really interested in investing in Nvda in highschool (2016), I didn't because I had no money being a highschooler, the stock has increased 1700%+ since then lol

I see many people speaking about AMD on the AI front like it were the only competition, but let's remember there's _a lot_ of startups _and_ big companies (Google, IBM, etc) making AI accelerators nowadays. Could they pivot and dominate the market by making better products on each new category? Absolutely! But I wouldn't just discount their competition. We got RiscV AI accelerator chips with integrated CPUs, easily scalable supercomputer architectures and many other things coming up, so there's a decent chance GPUs get sidestepped and Nvidia ends up being displaced by newer tech. Even in the worst case scenario though I don't see Nvidia getting completely dissolved, but maybe they'll get their growth stifled and end up returning to their roots or staying as 'just one of the options' for AI training and/or inference.

They just hit a $1T market cap!

Nice video, keep it up. Keep making these high quality videos.

This feels like a sponsored video by Nvidia.

I think tsmc is not a production company, it is just a IC maker company. And tsmc will cooperate well with Nvidia.

can you make a video about Meta platforms with their goal of virtual reality and the metaverse,

I built my first custom pc and I put a 3080 in it. Definitely worth it. My gaming laptops have always had nvidia as well. Edit: upgraded to a 4080. Worth it

in a movie that company was called Skynet, in real life the name - NVIDIA

They have about a decade to cache in. The Cuda translation Layers is already pretty good, about a 7% efficiency loss. RISC V is increasingly very fast, and AMD's accelerators are already cutting trainings of datasets from months to weeks. The FAAANG companies are already moving to inhouse dedicated silicon. Just like they did in the server datacenters, the hyper scalers I mean the ones who matter the most. Their evaluation is the real problems.

I did an AMA about taking an AI chip board and reverse engineer it for Silicon photonics mining. They came out the next day and said they are doing it.

Nvidia needed to move away from computers for sure, It's a old market. And one of the first to your video.

A bit of a correction: 2016 had little to do with bitcoin, the main driver of the stock price of the time was actually the promise of autonomous vehicles, everyone back then thought autonomous vehicles were much closer than what we think now, mostly thanks to Tesla's (and other players in the market) overhype. The Lidar system and most other systems were heavily reliant on NVIDA GPUs at the time as many companies, including Google and Tesla hadnt yet started to make their own internal chips. This was at a time when Uber's valuation was stupid huge (about 20% more than today, 7 years later and post IPO). It had just disrupted the taxi industry, and everyone thought that in the near future everyone would just hop into autonomous cars everywhere (thanks to a lot of hype around Tesla and Google autonomous vehicles). You know this was the big driver in tech at the time, companies like Intel bought up Mobileye just to play catch up in the space a year later. I know the story well because I stated to invest in NVIDIA at the time. Basically NVIDA has been fortunate to be the shovels for all the major fads in Tech for the past 8 years or so. Autonomous Vehicles> Bit Coin> stay at home COVID gaming> Metaverse> AI. Truly only the AI portion was pushed solely by NVIDA. They became the go to spot for AI since around 2012 when GPU centric deep learning for AI really took off. NVIDA realized this early and devoted a lot of resources into pushing AI. This is why NVIDA pushed so hard for the 20XX series even though most gamers thought the tensor cores just added a ton of cost for no benefits (at the time). Its been part of their assumed growth potential for years, but ChatGPT really opened up a lot of investors eyes to the fact that AI was less scifi and more in the present than they released.

yes nvidia has a long headstart in graphical computing which is next phase of technology that is why intel is also getting into it.

TSMC is not trying to catch up to nvidia. They have a history of not competing with their chip designer clients.

Tech stocks still going to strong!! Nothing stopping them!!

People who are watching in 2024 kindly check nvidia stock price 😅

Good thing they are diversified they are getting ready to take a BIG hit in the video card market. They are pricing like their is a miners market and mining is dead. So their cards will sit and collect dust until they lower prices!

AMD need to double time! We don't want another space to be taken over by a monopoly ye know... gogogogo competition!

Game physics, animations, lighting, 3D modeling, NPC behavior, coding, and other aspects of game development will be largely done by AI in all major game engines and adjacent software. On the consumer end will be frame generation, NPC interactions, etc. Jensen Huang is envisioning the merging of these technologies. DLSS 3 is a drop in the bucket for what they're planning. While, right now, they seem to be completely separate; That won't be the case for long.

Wait, didn't Nvidia introduce their GPUs for 'High Performance Computing' over traditional CPUs? Didn't they introduce CUDA cores for mass data parallel processing? This was way more significant than BitCoin mining.

Thanks for the video!

Amazing video dude :]

And people praise these monopolies. I never understood why countries governments don't regulate such giant companies, some sectors are controlled by a couple of players. Put them down and think what will happen.

I like this guy's logical honesty

lmao Nvidia said what recession 😂

Nvidia will be the high profit unicorn. But also high risk If you want stable profit, look at tsmc. They produce all GPUs and most cpus. They'll grow no matter what

The next challenge will be to integrate GPUs with human brains, maybe nVIDIA should aquire some kind of neurotech company like blackrock neuro or whatever they are called

Just because investors think that Nvidia is worth that much doesn't mean they are right

If Nvidia had sucess in buying ARM it would be certain. But is still early to say that. Microsoft will do their own AI chips. And no one knows if they will sell to others yet. 🤔

Anybody here old enough to remember 3dfx Voodoo Banshee?

Also Nvidia: stops 4070 production due to poor performance

Another excellent video brother!! Thanks!!

Good one

Totally agree that Nvidia and Tesla are where it's at.

NVidia needs to treat their contracted partners better. I know because of the fallout with EVGA.

"As soon as the custom PC hype dies down" *like that's ever gonna happen*

How is NVIDIA still not considered part of faang? They should have replace Netflix as part of the new faang. Netflix really is so puny compared to the rest of faang.

It's funny that you mention Intel, but don't mention them in terms of what I consider the most important context here: Intel recently entered the dedicated GPU business. For the time being, they can't threaten Nvidia on the high-end, but this may happen in the future. Also, they can hurt them on the lower end and, if Nvidia keeps selling their graphics cards for out-of-reach prices, even people who used to buy a high-end Nvidia card may choose to go for an Intel one. Anyway, the competition here is very important.

Thats crazy!

Now they gone over 1trillion ✌️✌️✌️

Yes, Tesla Dojo

Sept for that time they literally almost went into bankruptcy

I mean all that was since 2016 it was a perfect scenario time after time for Nvidia. The bitcoin crazy , the stay at home thanks to a virus, the resurgence of bitcoin let's see... with a recession and no more craziness. I don't think people will pay 500-600 dollars for a 70s card

Nvidia Ai is definately needed for big tech... for now until big tech say they make their own Ai TECH. And GPUs will soon be mended in the CPU directly and its not a iGPU

he looks like raiden character from mortal kombat

After AI it will be Robots(which is a subset of AI technology) that use Nvidia GPUs.

Not sure that Tesla is considered the only competition.

TSMC is competitor to Nvidia? That is news!

Time to order me that 7900 xtx

I'm honestly not sure about Tesla cause the brand is heavily tied to Elon Musk tbh and his popularity is plummeting, besides a lot of big names like BMW are joining the e-car race and they are kinda close to the level of Tesla and besides tesla has a lot of issues like their self-driving features not working properly, them taking out features from some models and replacing them with worse features, quality issues are very common even tho people are paying a premium for these cars

Imagine a GPU with 100gb vram for $50,-. we could pretty much simulate real life.

Uh Tesla is on a downturn right now, and in terms of Assets nVidia only has less than 50 Billion in assets with a less than 500 Billion in market value. Market Caps are a very slim measure to the evaluation of the company. In terms of net profit last year, according to Forbes, they sit at 9.5 Billion. Compare that to Apple with 67 Billion in net profit, 2 Trillion in market cap an asset value of 320 billion. That is a big difference. According to Forbes, taking in all portions of evaluating size, Nvidia is in the Forbes 500 at around 206. They are not even in the Forbes 50.

i dont practically care about the gaming market nowadays but i hope amd comes up with a gpu that can hold its own in ai...... nvidia becoming the biggest monopoly of tech ai in a few years time is becoming scary

Goodbye Nvidia, you fucked with your puny VRAM on 3070. Now it's AMD's turn

This video is spot on. Nvidia has pivoted its focus and is now reaping the rewards.

the problem is that they have no competition AMD can't even launch a CPU without exploding motherboards, cpus, drivers etc. They shoot themselfs in the foot everytime

love nvdia but I can't justify purchasing it at such expensive prices

You listed TSMC as a competitive opponent they not really they more selling the shovels to Nvidia and AMD and Qualcomm and even to lesser extent intel although intel is capable of making there own silicon TSMC is still superior in this field other than that really good video interesting Nvidia dose also have it's 3d rendering market with quadro cards and the likes getting used to make 3d animation for big block buster movies and TV programs as well they are doing lot more than just games and AI although I feel AI has become there main focus these days