NVIDIA is an example of a technical start up with long term thinking.
Of course, Nvidia is no longer as start up as the company is 3 decades old. Founder and CEO Jenson Huang presented a vision that is paying off in a major way.
Over the last decade, this company has started to take off. It began with the need for their GPUs, as crypto mining started to grow. This was usurped by the massive explosion relating to generative AI, which are run mostly on Nvidia chips.
Since earlier in the year, the stock really took off. This is something that is a result of a lot of effort over a long period of time.
For that reason, lets look at what we are dealing with and see how it related to Web3.
The Lesson From Nvidia
Do you want to get rich?
It seems that is the main topic of conversation within cryptocurrency. Most of the focus is on mooning and bull markets. Of course, most want the Nvidia run to emerge out of thin air.
While this certainly can happen, it shows the mindset of people. These are not builders, they are market participants. Their focus is upon price and that is all.
Let us consider not only Jenson Huang but the other employees at Nvidia. Before getting to that, let us look at a thread that was posted regarding where many of the employees now stand.
https://inleo.io/threads/view/khaleelkazi/re-leothreads-2prd6mehv
Those are some serious numbers. Most of us would be elated to be in such a position.
The question that comes up is whether we are willing to do what these people did. While it is easy to look at these numbers NOW, it was a long time in the making. Huang did not become one of the richest people in the world overnight. He started this journey 30 years ago.
I would venture to say the same is true for a lot of these employees. My guess is many are long term with the company, amassing a large number of shares over that time.
Contrast that with the "Web 3.0" world and we can see the difference.
Do you think Huang worried about bull markets and talked stock price? How about the employees who are now worth millions of dollars?
Here is their reality:
https://inleo.io/threads/view/taskmaster4450le/re-sabrinah-2vgjy5qph
Builders simply build, not focusing upon the pricing casino we call the stock (or crypto) market.
Markets Are Misleading
Why is Nvidia such a story? Is it because people like instant successes?
Unfortunately, for those involved with this company, it is far from that. We are not dealing with an instant sensation. Let us look at the chart from Yahoo Finance.
What does this tell you?
The stock was only worth a few dollars 5 years ago. Before that, it was under a dollar, a zone it was in for more than a decade. It is only recently that it took off.
Here is a reason why it is best to ignore markets. They are lousy are pricing in things. Do you know, during the period on this chart, there was a bull market running into 2008 and one from 2010-2020? Yet look at Nvidia, it basically flatlined especially relative to the overall market.
Yet today it is one of the move valuable companies in the world by market cap.
And you are going to tell me stock price is reflective of anything relating to value?
The issue is compounded when we get into crypto. We see the situation repeated yet it is on steroids. Since few participants are concerned with anything being built or developed, it is nothing more than a casino mentality. People are doing nothing but hoping on a moonshot so their bags pump.
Sadly, this is what most of Web 3.0 is.
Therein lies the crux of what we are dealing with. People look at things in the short term, only wanting a pump. The talk invariably goes to market instead of what is being constructed long term.
Do you think Jenson Huang ever mentioned the word "bull" or "bear" in the meetings with his executives? I doubt it. In fact, it is unlikely that was even discussed on conference calls. At the same time, the only mention of "market" was with reference to the share they commanded for their products.
This is how business executives think. You can tell the difference in the words they use.
Posted Using InLeo Alpha
This is a great reminder that real value isn’t just in stock prices or chasing after trends. We can only get that when we build something meaningful out of little. Thanks for creating this and sharing with us.
Value tends not to be stock price. It is a poor reflection. Building is where it is at.
Yeah that correct. We just have to keep building to get a better result.
NVIDIA's journey is a testament to the power of long-term vision and dedication to innovation. While many chase quick gains, true success often requires years of consistent effort, as seen with Jenson Huang and his team.
Their focus on building groundbreaking technology, rather than getting caught up in market hype, has positioned them as leaders in the industry. This is a powerful reminder for anyone in the Web3 space: sustained progress and innovation are what truly drive lasting success.
I agree. Building is very important, and being able to adapt is too. I remember back in the day of the rivalry between AMD and Nvidia in the gaming GPU scene. They were pretty neck and neck. Nvidia pulled ahead when its GPUs were being used for crypto mining. Being able to identify what the market wants and putting out a product for that is very crucial in a company's success.
I really have no idea what AMD is doing in that space. The one who fell from grace was Intel. I am not sure if they can get back in the game.
Intel was pretty much a non factor in the GPU scene. Their CPU was pretty good though. But maybe they rested too much on their laurels.
Yes, but wen moon?
Yes Nvidia has been dominating the market of late.