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   Corey Quinn (quinnypig@awscommunity.social)'s status on Tuesday, 13-Feb-2024 13:27:23 JST Corey Quinn

   Uhhhh… this one took me by surprise. Amazon is a $1.790T company. That’s ridiculously huge; I can’t conceive of that scale.

   As of today, Nvidia is larger.

   • Embed this notice
     clacke (clacke@libranet.de)'s status on Tuesday, 13-Feb-2024 13:27:22 JST clacke

     in reply to
     > As of today, Nvidia is larger [than Amazon].

     
     😲😲😲

     @Quinnypig

   • Embed this notice
     Paul_IPv6 (paul_ipv6@infosec.exchange)'s status on Tuesday, 13-Feb-2024 13:31:42 JST Paul_IPv6

     in reply to

     @Quinnypig

     nothing like crypo to up a valuation beyond where any sane human being can understand it

     clacke likes this.
   • Embed this notice
     Corey Quinn (quinnypig@awscommunity.social)'s status on Tuesday, 13-Feb-2024 13:31:45 JST Corey Quinn

     in reply to

     • Paul_IPv6

     @paul_ipv6 Pretty sure it’s all AI driven these days.

     clacke likes this.
   • Embed this notice
     Rich Felker (dalias@hachyderm.io)'s status on Tuesday, 13-Feb-2024 13:48:41 JST Rich Felker

     in reply to

     @Quinnypig Yeah, that sounds fake. Amazon has a vastly profitable business doing stuff ppl actually want. Nvidia supplies scammers pushing stuff nobody wants to make everything worse.

   • Embed this notice
     Corey Quinn (quinnypig@awscommunity.social)'s status on Tuesday, 13-Feb-2024 13:48:41 JST Corey Quinn

     in reply to

     • Rich Felker

     @dalias each p5 server at AWS (featuring the H100) costs Amazon a third of a million dollars.

     There’s an enormous waiting list for the cards.

     clacke likes this.
   • Embed this notice
     clacke (clacke@libranet.de)'s status on Tuesday, 13-Feb-2024 14:53:01 JST clacke

     in reply to

     • hypolite
     @hypolite @Quinnypig Every company valuation is "fake", but it doesn't mean nothing. Someone with enough money to affect the market thinks that future potential earnings justifies this price.
   • Embed this notice
     hypolite (hypolite@friendica.mrpetovan.com)'s status on Tuesday, 13-Feb-2024 14:53:02 JST hypolite

     in reply to

     • clacke

     @clacke @Quinnypig Unlike personal net worth that can and is converted into cash from shares individuals hold themselves, companies net worth is only a potential value based on the shares spread between all the stockholders. As such this value can greatly fluctuate without really affecting any single entity, which tells me it's mostly meaningless.

     I wouldn't have expected this outcome but it isn't entirely surprising to me, all it takes is just a downward hum for Amazon (1.5 million employees) share price and an upward hum for nVidia (26,000 employees) share price, without any regard to pretty much anything tangible since it's all potential anyway.

   • Embed this notice
     feld (feld@bikeshed.party)'s status on Tuesday, 13-Feb-2024 23:58:24 JST feld

     in reply to
     @Quinnypig not actually larger -- just valued higher by speculators
     lainy likes this.