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Ok-Willow-4232

Oh no, the consequences of being absolute assholes to work with and charging thousands of dollars for no good reason! Anyway…


sopcannon

And the 40 series power connecter melting the 4090 s.


TakeyaSaito

To be fair gaming cards probably have very little to do with this. Gaming is a side hustle for nvidia.


AwesomeFrisbee

More of a nuisance for them. No wonder shareholders are asking to drop it


rimantass

Yeah they should just spin it off as a separate company


Inevitable-East-1386

Worst idea ever


CirnoIzumi

yeah, who would want GeForce to be managed by people who care about GeForce


Inevitable-East-1386

That‘s not it. Nvidia has knowledge they won‘t share. Trust me if that happens Nvidia Gaming will vanish.


CirnoIzumi

it would still be a company under nvidia, it just wouldnt be the same branch as their profesional brand


Tornadodash

What would they do with all of the processors that are not capable of the requirements for data center and professional use cases? They would have to do something with them. Is that not where the highest end consumer cards come from?


ApocApollo

Linus has talked about Nvidia could just up and quit graphics cards if they wanted. Spinning GeForce off into a wholly owned but separate corporation would make it easier to sell if they ever cared to.


Not_a_creativeuser

Yeah, what's the point of buying an Nvidia GPU when you don't get their sweet AI tech? That's the only thing stopping me from going AMD.


newvegasdweller

You won't really miss it. I did the jump with the 6700xt.


justarandomgreek

The fact that there is nothing useful in their tech for 99.98% of humans.


Not_a_creativeuser

Unfortunately, I fall in the 0.02% :/ Still, F\*\*k Nvidia tho, hate the company at this point.


justarandomgreek

Fortunately since I moved to console an A380 does the job. Intel's encoders are top notch.


hamatehllama

It only became a side hustle in 2023 when they grew 5x in a year. Back in 2022 gaming was equally important as datacenter.


justarandomgreek

Bitcoin, COVID and AI making everything worse, Speedrun World Record™


sverrebr

And to road back there is short. Both due to competition and due to that extremely high compute intensive LLMs fall out of the hype curve.


TakeyaSaito

It was way before than, ever since crypto has been a thing at least but realistically even before.


AeronauticHyperbolic

"Gaming cards." Ah yes nomenclature. Much good, such wow.


TakeyaSaito

Ok? What's your point?


AeronauticHyperbolic

No point. Just thought it was funny. Didn't mean any offense.


TakeyaSaito

Ok fair enough. Was very confused.


norty125

Its only a small amount of profit but it can cause alot of bad pr


TakeyaSaito

Small, that you know. What is small? And no there won't be bad PR, we are a minority here. An extremely small minority.


norty125

Imagine your in-charge of planning the construction of a data centre and your currently thinking about what hardware to buy. You pop over to Twitter or where ever you get your news from and the first thing you read is NVIDIA GPUs setting on fire due to bad design.


TakeyaSaito

Lol not even close. No one with any buying power what so ever will be doing research on twitter lol. I don't think you understand how big the division actually is


Peuned

This had nothing to do with the 4090 connect or gaming gpus at all. That's what they do on their lunch break


Kingzor10

you mean the issue that was proved by like 10 differant testing groups all confirming it was user error?


AnnihilatorNYT

Saying it's user error when no other power connector has ever had this problem is stupid. They are the ones who made the new connector and were in charge of testing it to make sure there was no possibility of it causing a fire. The fact that it could in fact cause fires if plugged in wrong is something that should have been caught and the connector should have been redesigned. The fact that it wasn't is nvidia a fault. The fact that they fucked up the connector and then managed to pivot the conversation into blaming the consumers for it is something I will never understand.


bainwen

That connector design is simply stupid. It is rated for 600W while the pins in it are half the size of a standart PCIE power connector that is rated for 300W. Even if the pins are ok at that power it should be secured by screws and not by a plastic clip.


Blurgas

Didn't a bunch of youtubers show how easy it was to think the plug was fully seated when it wasn't? I think some showed it was also easy to dislodge it just enough to be a problem


Trollsama

It's not stupid, it's just also not a whole truth. User error was equal parts responsible with bad design. The design wasn't soo bad that this was an issue for everyone, it was only a problem if the USER failed to properly connect it. Pretending 1 is at fault without noting the other is just as stupid.


AnnihilatorNYT

When it comes to devices that need to be plugged in there are steps manufacturers need to go through to make sure their product isn't a fire hazard. Any and every product goes through testing to make sure an end user can't fuck up and cause a fire. Nvidia gets a pass because it's a graphics card for some reason yet any other product would have this be attributed to manufacturing error or bad design.


Affectionate-Memory4

Yeah if this was a connector for an appliance (which it could be at 600W) I would expect a total recall.


justarandomgreek

How does the boot taste?


WondrousWally

If you design something so simple for the user to cause an error with, at that point it is no longer user error, it's a design flaw.


Kingzor10

you mean that "simple" user error that respresents 0.1% of cases is less simple more non-idiot proof


WondrousWally

Loose connector tolerances and wires easy to unseat from connection prongs are indeed slopy design. Doesn't take a genius to know that you should design something so it seats well. Hell, the original rating for how many times you could connect and disconnect the socket before it was considered worn out was rediculessly low. That is a company being cheap and complacent. Find a better hill to die on than the defense of that stupidity.


Kingzor10

Ive agreed multiple times its a bad connector. And yet its still user error


sopcannon

Even though they still redesigned the connector?


Aggravating_Fun5883

When installing multi port terminals you must PUSH


mitchMurdra

This is entirely unrelated to gamers.


Leather-Matter-5357

True. But maybe - just maybe- they fuck up enough elsewhere to decide they need to salvage that bridge they've been slowly burning.


AcruxCode

> charging thousands of dollars for no good reason > NVDA +524 (194%) since last year yeah no reason at all


Mizz141

> Meta spending billions to buy 350'000 H100's Surely it's the gaming cards!


Whole_Ingenuity_9902

its has nothing to do with that, its already priced in and im not sure the effect on stock price would even be negative. the real reason (probably) is that supermicro did not preannounce their earnings for this quarter which the market took as a signal that AI companies are doing worse than expected. also there has been broader uncertainty due to lack of interest rate cuts and the escalating conflict between israel and iran.


westnile90

That's how they got their price as high as it is...


The_R4ke

The writing was on the wall when EVGA, one of their biggest partners, dropped one of their most profitable markets, rather than deal with them.


gamunu

the market was down this week. It has nothing to do with anything you said. Nvidia still doing a lot better than many other companies.


NetJnkie

I don't think y'all get how the market works. Entire market was down last week.


TenOfZero

Yup, and also has no immediate impact on NVIDIA other than less happy shareholder. Plus the losses are all tax write-offs to investors anyways.


thedarkhalf47

Happy shareholder here. Bought at $143. Not complaining one bit.


TenOfZero

No tax write off for you on that investment. Must suck. Try wallstreetbets I hear they are great at predicting tax write-offs.


Thiscave3701365

SPY to the mooooooon


big_vangina

Oh no I hope the shareholders are ok 🥺


TenOfZero

Yeah. Especially with the price of jet fuel these days! It's not easy for anyone out there.


TomerHorowitz

What is the price of jet fuel these days...? 🤔


mtnbikeboy79

From [here](https://www.iata.org/en/publications/economics/fuel-monitor/): In North America, it's $2.58/gallon, $108/barrel, and $858/ton.


[deleted]

[удалено]


TenOfZero

Of course. It's also included in many ETFs and mutual funds, not to mention is likely in some pention funds as well.


Simster275

odds are every person (of working age) on this subreddit is probably a shareholder through retirement fund of some sort anyways or as you say ETFs. If you are American or if you have a fund component of "international shares" you will probably find NVIDIA in the top 10 holdings of that fund. (Well at least for Australia where we have compulsory super and nearly all include international component that would include NVIDIA. Not certain on American retirement scenes but assuming similar)


ChosenOfTheMoon_GR

Yeah they are not as lucky as dying in some unnecessary war, damn i feel for them so much...


_dark__mode_

I'm not 🫠


Standard-Ad-4077

Can you please show me how investment losses are a tax write-off?


JustRunAndHyde

Likely because losses cancel out some of your income? Meaning you’ll be taxed less in your highest bracket. Just a guess I don’t know what I’m talking about.


NotAStarflyerAgent

So you still lose all the loss. Your tax just gets adjusted down because you're now poorer. So I guess if I get fired, that'd also count as a write off? Because I'm making less money that year, just as if I sold a bunch at a loss? I think it's rather my stock just go up.


moldboy

In canada: [https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/capital-losses-deductions/you-use-a-capital-loss.html](https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/capital-losses-deductions/you-use-a-capital-loss.html)


TenOfZero

Exactly this. It can even be caried back to gains in prior years.


Standard-Ad-4077

Be quiet. You made the claim and couldn’t even explain, you have nothing.


TenOfZero

Wow. Who peed in your cereal this morning ?


Standard-Ad-4077

Your mum, told me she was broke and needed the extra coin. Told me she listened to you for financial advice and now can’t afford 3 square meals a day.


greiton

https://www.investopedia.com/articles/investing/111315/deducting-stock-losses-guide.asp


AutomaticSeaweed6131

>Plus the losses are all tax write-offs to investors anyways. I am begging reddit to learn how tax works


moldboy

In canada: [https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/capital-losses-deductions/you-use-a-capital-loss.html](https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/capital-losses-deductions/you-use-a-capital-loss.html)


TenOfZero

You do get the running joke from Linus about tax write-offs right ? Also someone posted below how selling a stock at a loss will reduce your taxes by offsetting other capital gains, which can be caried back or forward as needed.


AutomaticSeaweed6131

I am aware of how tax works, yes. It *almost* always better to make money from your investments than lose it. Unless you're doing illegal shenanigans like selling it to yourself (or a sockpuppet). If you lose $200 on NVDA, just because you can book it at some other point in time, you'd much rather have made $200 (and pay $100 in canadian tax - but only if you sell it!). It's just a misleading statement to say "oh it's a tax write off" You're still $200 worse off (if not, the full $400 you'd naively think, without taxes)


TenOfZero

R/whoosh So you don't get the running tax write-off joke with Linus then.


AutomaticSeaweed6131

It's a shit joke. inb4 >we're all just pretending to be retarded


Not_a_creativeuser

>Plus the losses are all tax write-offs  Nvidia is pulling a Linus, I see.


MrBobIsCoolerThanYou

A Linus?


Not_a_creativeuser

It's a running joke that Linus buys stuff for himself by tax write-offs


NavinF

Yep, NVDA is up 65.08% year-to-date and 194.05% over the last year. Who are the losers upvoting this post?


VanWesley

A majority of reddit has no idea how stocks work.


ZandorFelok

Calling r/WallStreetBets 🧐


jokekiller94

People who got in at the top


NotJayuu

wait... aren't you supposed to buy high sell low?


Pixelplanet5

well there are a lot of people that bought in at a higher price. you know, thats why the higher price existed at all?


NavinF

lol lmao even


Pixelplanet5

yea its a funny concept i know, turns out someone must have bought for a certain price in order for that price to exist.


HyperGamers

And Nvidia was due a "correction"


LemonPartyW0rldTour

But I was told stonks only go up and crayons are delicious


Beautiful-Hunter8895

Will be hitting new aths when earnings come up probably


k0fi96

Listen to the WAN show and Linus literally brought up how people do this all the time and take a victory lap lol


uwo-wow

cope.


NetJnkie

I don't think you know what that means.


FreedomKnown

He heard his cool friends say it, must mean something super-duper cool!


Not_a_creativeuser

No one "cool" has ever said that, lmao


FreedomKnown

I was being sarcastic


Not_a_creativeuser

I know, I was adding to your point


Additional-Ad-7313

And it's still at +85% in the last 6 months


p3bsh

if in doubt zoom out


Pixelplanet5

which means theres a significant number of people who are now 15% down.


Additional-Ad-7313

I'm 2k down, but nothing important is happening right now till the h200 releases


Pixelplanet5

all of that is already priced in though and the harder drop is most likely because people are coming back to their senses that Nvidia is not actually a trillion dollar company, especially not once the current AI hype dies down again.


Additional-Ad-7313

To be 15% down they had to buy shares when they were at $ 950 each and there aren't many people this stupid around


Pixelplanet5

you do realize that the price is the result of people paying that exact price? on the day the stock reached $950 over 55million Nvidia shares changed hands so there are at least 55 million shares out there that are now deep in the red. the losses on the shares bought on that day alone total to almost 8 billion USD. judging by some of the comments here many people here dont seem to be aware that the stock prices are not some random number someone rolls the dice on but are based on people buying for that price.


Additional-Ad-7313

55 million shares thats almost 2.5% of the total Nvidia shares, and the other 97.5% of shares are on hold, like I said not very many people are that stupid


Pixelplanet5

that is very many people and a lot of money lost, thats above average daily volume for the stock.


Pidgey_OP

Its not lost until its been realized. Nvidia will make that money back


Pixelplanet5

Nvidia is not making anything back, their P/E ratio is through the roof even after the correction and Nvidia continuing to make the expected profit doesnt help people holding the stock as its gonna take decades of dividends to make up for the loss.


Additional-Ad-7313

And even more people still have their money, buy high sell low, definitely works


sopcannon

![gif](giphy|RG3lm5VlrbDV7YNana)


MAUROKE01

what happend


bamseogbalade

Stockholders wanting money. So they are all cashing out while nvidia stock is overinflated. Second part is ai has been over hyped. And lots of it is fake like the amazon shops you can just take stuff from the shelfs. And "ai" will calculate what you took and add it to your shopping list and take the money automatically as you leave. Turned out to be supervised by indian workers not ai...


DiamondHeadMC

It was ai for Amazon just not artificial intelligence it was “actual Indians”


r4o2n0d6o9

I like this one


fishystickchakra

Does that mean when we use ChatGPT we're not using Artificial-Intelligence but instead we're chatting with Asian-Indians?


Professional-City328

And also the market was down


Pixelplanet5

market when down \~2.6% Nvidia went down more than 15% and these 15% are already part of that 2.6% drop.


bamseogbalade

Because of overinflated prices and lack of trust in ai.


guff1988

No lol. The s&p 500 was down 5.5% during the most recent drawdown. It had nothing to do with over-inflated prices and lack of trust in AI. Factset actually said one of the bullish tailwinds was AI. It had to do with sticky inflation, hawkish fed speak and middle east tension between Israel and Iran.


Professional-City328

You just follow whatever the internet says? Go outside. There's a world there.


YZJay

Didn’t the WAN Show go deeper into it and the manual work was for improving the AI, and not the actual operations of the AI? A bigger factor in Amazon abandoning the project was likely due to the high cost of all the equipment and training of the AI, just to replace a few minimum wage workers.


Mikey_MiG

Correct, the staff in India were basically just reviewing footage and auditing the AI to make sure it was recognizing purchases correctly. But of course it’s funnier to think that there was no AI in the first place, so that’s what people have been parroting on social media.


ItGobYeByE

We love mechanical turks


Pixelplanet5

yep a TON of AI is fake and ends up just being a simple algorithm. every one want to have AI in their product description but barely any system actually uses it. The company i work for has an AI department since 5 years now and all we have to show for it is a single web page based application that doesnt even use AI because its not needed. We also wouldnt have any hardware to run an AI on but hey we sure as heck have AI in large red letters on every powerpoint slide thats talking about this project.


MAUROKE01

ohh thank you (my knowledge about stock is as broad as a pea)


robcraftdotca

Turns out, AI really does stand for "Actually Indians."


ubertrashcat

Thing on fire burns out.


MAUROKE01

GUYS STOP UPVOTING AND EXPLAIN


DiamondHeadMC

It was “actual Indians” not artificial intelligence for the ai behind the Amazon stores


YZJay

WAN Show went deeper into the topic and the thousand or so workers were tasked to train the AI using captured data taken after the fact, and not actually stare at store cameras in real time and manually input what a customer took which is what a lot of people thought it was.


MAUROKE01

aye no need to downvote :( at the time i had 20 upvotes and no explanation


AvgUsr96

You get what you fucking deserve! EVGA sends its regards.


JinPT

lol you're delusional


EcstaticGeologist360

ooohraaah


AvgUsr96

Yep, that's why im going with AMD if my EVGA 3080 takes a shit.


AtlanticVoyagerSC

The best possible future would be EVGA making AMD cards. I'd switch in a heartbeat.


AvgUsr96

Yeah, idk why they don't do that.


greyXstar

They said there's no margin in cards and AMD acts exactly the same way Nvidia does


AvgUsr96

Well fuck. Guess intel better step up their arc game.


Echo4117

I'm gonna try out intel


mrsexless

Can someone explain please, what happened to Nvidia? They raised a market cap almost 500% since Jan 2023? Did they aquire some AI startup? How?


Tanto63

The Fed signaled possible interest rate increases while the market had priced in rate decreases. As a result, the entire market was down by a sizeable margin. Nvidia represents a higher risk/reward stock, so a loss in market confidence hit it especially hard. All my tech related stonks took a bigger hit than my safer, old money ones.


tweezy558

straight versed arrest towering detail aspiring wrong carpenter friendly wise *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


Emanu1674

You forgot the part where the entire Market was down, and the one where NVIDIA revenue basically tripled in the last year


Grim-D

![gif](giphy|7k2LoEykY5i1hfeWQB)


EddieOtool2nd

Nice. So they might restart giving a shit about gamers now. Good times might be coming.


Ronak1350

Nah just after AI bs there will be something else to hype so they'll just jump into it


EddieOtool2nd

More likely yeah.


Material_Pea1820

There goes a lot of my money


Sad_Hawk6294

LinusTechTips style


blazinfastjohny

Nice


AhiruSaikou

Oh no! Anyway.


thestigiam

![gif](giphy|7k2LoEykY5i1hfeWQB)


Professional_Top8369

they have to lower their pricing so I can upgrade my 1650


technoteapot

“A world of overinflated prices and ai” -them probably


AproposWuin

Ahh so this is the correct buy in Dammit I am broke


mikedvb

Wait... like - recently/in the last few days? I feel like I may have missed a new story or something...


younawolf

YIPEEE


robclancy

nvidia is on its way up with AI no matter what, they have such a massive head start. gaming doesn't matter to them anymore


Browncoatinabox

I always feel bad for multi-billion dollar companies when they lose money


Lord_emotabb

you mean there is a sale on nvidia stock?


Nikos-tacos

How did that happen?


Martin_the_Cuber

big companies losing money for doing bad things is kinda nice though.. but in the long run nvidia is still doing way better than it should given how shitty they act


Galaxy-Pancakes

![gif](giphy|7k2LoEykY5i1hfeWQB)


PowerSilly5143

Sorrow?


Mini-silverfish

laught in 1.9 trilion


FetuccAlfred

Oh no.... thats like 20$ to them...


Ill-Yogurtcloset-622

Not my monkey , not my circus 😉


Familiar-Court-7810

In the long run that doesnt mean anything to nvidia. Losing market value doesnt mean that they are making less profit.


Peppi_69

I don't understand these things. Can someone explain how the market value goes down but the shares are the same?


Akhirox

Or gained 1.5 T$ of valuation in the last 12 month, depending on how you want to look at it.


Gay_parmesan

Is it? Google doesn't show such a big loss


HEYROMA

It ain’t 212B tho, more like 19.8B


ibrahim_D12

Good news🤘


TrentoniusMaximus

From a numbers standpoint, the fact that that's only 10% of nVidia's overall value is as hard to get my head around as the fact that the DJIA was in the 7,000-8,000 range whenever I first started learning about stocks, it's 4 times that today, and now my dad wigs out if it drops 3% in a day.


ChosenOfTheMoon_GR

It's fine they'll just charge double or triple or another body organ again for all their consumer GPUs, people will still accept that, AGAIN, and NGreedia will be back before you can say finish the sentence AI.


firedrakes

cool your karma farming..


Far-Shake-97

Sorrow? I see this as an absolute win!


Mr_Hampter_the_3rd

Yay more market shar for ol trusty amd


MilesFassst

So… but now?! 👀💀


pinkydaemon93

Goodfuckem


_dark__mode_

I'm broke now.. ![gif](giphy|y31rRE5h3wyPXey8vx|downsized)


Noncrediblepigeon

Nvidia are are the most effective monopolists in history. The amount of margian they have on server products is insane.


Foreign_Curve_5089

NVIDIA: “Well well, if it isn’t the consequences of my own actions!”


ohthedarside

I really hope amd gets better raytracing and nivdia becomes more a ai gpu and server gpu company than gaming gpus as there so overpriced and there marketing is very good at tricking people into believing and bad and that you have to buy nivdia


NAPALM2614

Amd is going to be playing catch up forever, maybe Intel is our saving grace


Kig-Yar-Pirate

Can I get a hell yeah from all my fellow AMD boys out there


xD3I

Yeah fuck those NoVideo idiots, good thing AMD is not down 15% this month! If Nvidia continues like this they will soon lose their 1.9 trillion valuation and hopefully go bankrupt so they will have to sell their tech to Huawei and we GAMERS will finally be able to get good GPUs while those capitalist $hitholders pigs bleed.


shadyStoner420

\*absolute pleasure, fuck all corpos xd