Nvidia Became Today The First $5 Trillion Company

That is greater than the GDP of India, Japan and the United Kingdom.

40% of the US GDP is now tied to AI, as well as 90% new spending.

Here's the problem and why the AI bubble, and along with it the economy, $ trillions is getting spent on the infrastructure, BUT demand will never exceed $ billions, so 98% of that spending is never going to be used. Nearly all of the money spent on infrastructure is borrowed.

You should be able to figure out what that means.

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DeWayfarer · 61-69, M

Worse. All AI is dependent on the energy market. And little is being done on the growth of energy.

Top this off with attempts on going to crypto currencies, which as well depend on energy.

If there's not enough energy for everything, guess what all that suffers?

Northwest · M

@DeWayfarer Yes. that's a whole other issue altogether.

Let's take Musk, for instance. Once a green energy advocate, built his image on it and his cult drove Tesla stock based on it.

Musk decided to enter the AI race, so he picked a predominantly Black Memphis community with historically high rates of pollution-related illness and disproportionate rates of industrial pollutants, and stitched together 33 methane-powered gas turbines to power phase 1 of his data center.

Memphis gave him a license for 15, because that's all Memphis can give, without requiring facilities to "scrub" pollution.

In other words, Musk has an unlicensed electric power plant, that is noisy as fuck and without pollution filtration. Musk will pay the fines, with a wink and a nod. It's not like anyone cares about what happens to kids in the "slums".

Every single mothballed nuke plant in the nation is undergoing renovation/re-licensing as we speak, and there's a rush to push throw a bunch of new plants.

DeWayfarer · 61-69, M

@Northwest They can't even afford to remove the waste they have to reinstate any nuclear power plants.

Reuse is only theoretical.

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Northwest · M

@jshm2

You mean "estimated" as Nvidia makes nowhere near that.

When the market talks about the valuation of a company, it means how much its stock is worth, not how much it makes.

Also, most of its investors are from UK, Japan, India and others.

Absolutely not.

In 1993, founders Jensen Huang, Chris Malachowsky, and Curtis Priem met at a Denny's in San Jose and agreed to launch their company contributing $200 each for a total of $600. Curtis Priem sold all his shares 13 years later. Malachowsky and Huang are now worth $ billions.

Sequoia Capital and Sutter Hill Ventures, both legendary Silicon Valley investors provided the initial $20M seed.

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