alt Hacker NewsExactly, the current spend on LLMs is based on extremely high expectations and the vendors operating at a loss. It’s very reasonable to assume that those expectations will not be met, and spending will slow down as well.
Nvidia’s valuation is based on the current trend continuing and even increasing, which I consider unlikely in the long term.
> Nvidia’s valuation is based on the current trend continuing
People said this back when Folding@Home was dominated by Team Green years ago. Then again when GPUs sold out for the cryptocurrency boom, and now again that Nvidia is addressing the LLM demand.
Nvidia's valuation is backstopped by the fact that Russia, Ukraine, China and the United States are all tripping over themselves for the chance to deploy it operationally. If the world goes to war (which is an unfortunate likelihood) then Nvidia will be the only trillion-dollar defense empire since the DoD's Last Supper.