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[Fortune] Nvidia CEO says the company is in a no-win situation amid AI-bubble chatter, leaked meeting reveals (fortune.com)

submitted 11 months ago by Eyekaytee@aussie.zone to c/worldnews@aussie.zone

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https://archive.md/ZkdTg

Huang said expectations around Nvidia have become so extreme that Wall Street now sees danger in both directions.

“If we delivered a bad quarter, it is evidence there’s an AI bubble. If we delivered a great quarter, we are fueling the AI bubble,” he told employees. “If we were off by just a hair, if it looked even a little bit creaky, the whole world would’ve fallen apart.”

He referenced online memes that jokingly describe Nvidia as the linchpin of the global economy and the only thing standing between the U.S. and recession.

“Have you guys seen some of them?” he asked employees. “We’re basically holding the planet together—and it’s not untrue.”

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[–] Eyekaytee@aussie.zone 0 points 11 months ago (2 children)

2026 I don't think will be kind to our shares and super accounts :\

[–] goodwipe@lemmy.world 0 points 11 months ago (1 children)

Here we go!!

[–] Im_old@lemmy.world 0 points 11 months ago (1 children)

Again

[–] prex@aussie.zone 0 points 11 months ago

[–] Valmond@lemmy.world 0 points 11 months ago

Recession coming because the AI bubble is about to pop.

Nvidia: it's crazy, what ever we do, they think the AI bubble is going to bust. It's thus probable that we are actually the most important company in the world.

[–] ICastFist@programming.dev 0 points 11 months ago

The question is: how far off in the future should we short? 8 months? 12?

[–] rayquetzalcoatl@lemmy.world 0 points 11 months ago

I'm stupid, for sure, and don't understand how the economy works.

It just seems very unfair to me that because a bunch of other people reckoned that AI was going to make them very rich, the next five to ten years will be a deep deep recession and my life will become much harder.

I never bought into the chatbot hype. Why should I suffer?