We are in an AI business explosion, they make the best hardware for those workloads and can charge whatever they want for them. Also this is not real value but investor value, so as long as the AI hype continues their value will keep increasing.
They make chips that do super complex math really really fast. They also make super fast networking gear to allow a crapload of them to do super complex math together
Can someone explain why to a layman? Don’t they make graphics cards? I have one and it’s fine, but what else is making it so valuable?
AI, graphics cards are very useful for that too. And right now like every company is going all-in on AI.
High end graphics cards by themselves are some of the best computers for creating and training AI.
We are in an AI business explosion, they make the best hardware for those workloads and can charge whatever they want for them. Also this is not real value but investor value, so as long as the AI hype continues their value will keep increasing.
It’s not all imaginary, real money is being paid for AI services which in turn is being spent on GPUs.
And that AI boom is following pretty closely on a crypto boom that already had them pretty inflated.
They make chips that do super complex math really really fast. They also make super fast networking gear to allow a crapload of them to do super complex math together
Basically their stuff is good for running AI, and investors are frothing at the mouth for anything with the word AI in it rn.