Nvidia Is a Twelfth of a Trillion Dollar Market

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Nesli: I think it's squishy. But the fact that they're valued to day? What's their market cap right now? Something like half a trillion dollars. They need to sort of justify that unless they are willing to have it go down. And so they need to come up with a story about how they're going after this enormous opportunity, which maybe they are. Nesli: My view of this is, if their stock price wasn't what it was, there's no way that they would try to be making this claim that they were going after a trillion dollar market.

By 2012, NVIDIA was on a decade-long road to nowhere. Or so most rational observers of the company thought. CEO Jensen Huang was plowing all the cash from the company’s gaming business into building a highly speculative platform with few clear use cases and no obviously large market opportunity. And then... a miracle happened. A miracle that led not only to Nvidia becoming the 8th largest market cap company in the world, but also nearly every internet and technology innovation that’s happened in the decade since. Machines learned how to learn. And they learned it... on Nvidia.

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Links:

Ben Thompson’s great Stratechery interview with Jensen
Linus Tech Tips tests an Nvidia A100
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The Expanse short story collection, Memory's Legion
Sony RX100 point-and-shoot camera

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