Maybe - or maybe it’s too late now. The whole thing looks like the biggest tech bubble since the dotcom bubble to me, but I’m notorious for my skepticism, so don’t listen to me. I’ve been wrong in the past, like when I dismissed Bitcoin very early on, but thought that, roughly around the same time +/- a year or two, LeapMotion (ever heard of that scam?) was the raddest thing since sliced bread. Had I invested my meager savings back then (into Bitcoin instead of backing that stupid LeapMotion kickstarter, yes even that relatively small amount), I would be so filthy rich by now, I’d feel bad about it and probably donated most of it already, so I’d be as poor as I am now (I’ve never liked boats much and that’s all rich people seem to care about anyway). Okay, I might have indulged myself with a vintage car by now, but it would have two cylinders at most, less power than the average garden tool and start with a crank handle, if you catch my drift.

Where was I? The thing is, Nvidia is probably the one company that will be in the strongest position after this, no matter where the journey is heading. The whole AI thing goes belly up tomorrow? They still got a borderline monopoly in the gaming and professional GPU market, since even their most basic GPUs are great for both. With the profits they have already made, they can still crush AMD even more than they are already doing. The spending spree on AI hardware ending (like seriously, you could have ended hunger on this rock several times over with this much dosh) would still hurt their bottom line, since a significant percentage of their profits (too lazy to look it up) is coming from AI right now, and this would result in their evaluation receiving a seriously overdue reality check, but depending on at which time of the week you bought in, you might still come out ahead, perhaps in the longer run at least.

It is late for buying in right now though or at least it feels that way, but what do I know. You don’t buy into the most valuable company on the planet when it’s at its most valuable. There seem to be an increasing number of AI-skeptical articles and voices in mainstream media, including surveys that demonstrate most people really don’t give a damn, as well as more and more academics weighing in on AI stagnating, which prompts denials from both sides of the shovel selling counter that are a bit too “Everything is fine and only getting better forever! Pinky swear!” for my taste. This could be sign of an impeding crash or it’s just background noise that accompanies every new tech as it establishes itself, but it feels distinctly different from the noise surrounding even crypto (which seems to be here to stay, even though it’s not the mainstream tech bro darling anymore) or actually useful tech we can’t live without anymore even though we did just fine for millennia, like TVs and smartphones.

Anyway, that’s three meandering paragraphs that I wasted your time with, even though I could have just written: You might be a bit late, but I don’t actually know. Edit: I wrote that in the first sentence, but forgot, so if you had stopped reading there, like you probably should have, then you’d probably be less confused than you are now.