> Its rapid ascent in the past year has led analysts to draw parallels to the pi... | Hacker News

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		lm28469 on Feb 23, 2024 \| parent \| context \| favorite \| on: Nvidia hits $2T valuation as AI frenzy grips Wall ... > Its rapid ascent in the past year has led analysts to draw parallels to the picks and shovels providers during the gold rush of 1800s as Nvidia's chips are used by almost all generative AI players from chatGPT-maker OpenAI to Google. Yeah it's the exact same scenario, except for... you know... the gold part. Everything is a gold mine when you print money like there is no tomorrow and your entire economy is based on debt

bboygravity on Feb 23, 2024 [–]

Also NVIDIA has been caught round-tripping money to artificially create a higher turn-over and profit on the books around the year 2000.

They would never dare doing that again, right? Right?!

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