Xiang Ligang, an observer of China's communications industry and a scholar in the field of intelligent Internet, claims to have a number of patented inventions and has published a number of monographs around the world.
The reason why Xiang Ligang is so influential now is not because of his achievements in the industry, but because of the success of the operation of self-media accounts. The characteristics of his account are that he dares to speak out and make predictions, so he has gained a lot of fans.
In a video released on June 7, Xiang Ligang said that he is not optimistic about the future of Nvidia, believing that it will definitely follow in the footsteps of Tesla, and the stock price will fall all the way. However, the facts did not meet people's expectations, and Nvidia's market value peaked in the early morning of June 1.
英伟达再创历史记录
At the close of the U.S. stock market on June 19, the market value of Nvidia, a global AI chip giant and a leading GPU company, exceeded $3.34 trillion, surpassing Apple and Microsoft, two traditional giants.
Nvidia's market capitalization has reached new highs, making it the world's most valuable company, mainly due to the rapid development of artificial intelligence.
Since the advent of Chatgpt4, major companies around the world have seen the huge potential behind AI, and have spent a lot of money to develop their own artificial intelligence businesses and build various supercomputing centers and data centers.
Due to the advance layout more than ten years ago, NVIDIA is far ahead of its peers AMD and Intel in terms of GPU computing power. As a result, companies are vying to be the first to buy Nvidia's GPUs, and Nvidia's revenue has also increased significantly, reaching $26 billion in the first quarter.
It is precisely because of the huge liquidity and continuous demand for GPUs behind Nvidia's GPU business that investors will rush to invest in Nvidia stock, which in turn will drive up the stock price.
项立刚的预测
So why does Xiang Ligang think that Nvidia will plummet, and what is wrong with his statement?
Xiang Ligang believes that Nvidia currently has a big bubble, mainly reflected in its revenue, compared with Tesla's revenue of $97 billion last year, Nvidia's revenue last year was only $60.7 billion, and now the two stock prices are very different.
In addition, Xiang Ligang also believes that Nvidia does not have its own moat, the product line is too simple, and other chip companies will catch up if they see business opportunities.
From Xiang Ligang's point of view, we can see that Xiang Ligang does not even have the most basic financial knowledge, and there is a big gap between the price-earnings ratios of semiconductor companies and automobile manufacturers, and Xiang Ligang compares Tesla and Nvidia together, which is a forced analogy.
Secondly, does Nvidia really not have its own moat? Xiang Ligang was able to say that Nvidia has no moat, which shows that he does not understand the field of artificial intelligence.
Enterprises will still choose Nvidia's GPUs for a long time, and the reason is simple, it is its CUDA system. If you switch to chips from other manufacturers, it will take months to adapt to the new system, which is something that no company wants.
Not to mention that Nvidia also has the business of on-board chips and consumer-grade graphics cards, Tesla and BYD, the two car giants, have in-depth cooperation with Nvidia on on-board chips, and Nvidia can become a winner when intelligent driving is popularized.
It can be seen that the reason why Xiang Ligang has been slapped in the face several times is precisely because he lacks understanding of related industries but likes to jump to conclusions.
If Xiang Ligang still adheres to this way of speaking casually, then I think his reputation will get worse and worse. I hope he can do more research and less imagination before posting the article.