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The Most Overhyped Sectors in Tech, According to Entrepreneurs

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The Most Overhyped Sectors in Tech, According to Entrepreneurs

Most Overhyped Sectors in Tech

What founders think about emerging technologies

The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

Founders are at the very ground level, and their pursuits have a ripple effect on the entire startup ecosystem.

As a result, how entrepreneurs think about different subsectors within tech is of utmost importance. Not only do their perceptions influence what projects they themselves choose to build, but how founders allocate their time and energy may also be a useful gauge of where future economic potential lies.

Today’s chart focuses on what entrepreneurs think of specific technologies, using data from a survey of 869 entrepreneurs that was done by First Round Capital.

Seeing Through the Hype

In the survey, entrepreneurs were asked to give their opinions on 14 different technologies, on whether they were overhyped or underhyped. Entrepreneurs could also answer “neutral” to any of the questions.

Here are the three technologies that were considered the most overhyped:

1. VR/AR: 65% Overhyped
VR has been the “next big thing” for many years, with still a minimal consumer footprint. It’s not surprising that entrepreneurs see this sector as overhyped. For companies like Facebook and Magic Leap to reverse the perception of VR/AR, they’ll need to get consumers adopting these technologies at a faster rate.

2. Wearables: 64% Overhyped
When Google Glass first came out in 2013, hype about a future filled with wearables seemed inevitable. Now it’s almost five years later, and wearables haven’t delivered on the scale that many entrepreneurs thought was possible.

3. Chatbots: 61% Overhyped
Will chatbots really change customer service, health, and other industries? Most entrepreneurs seem to be a little skeptical about their potential impact.

Diamonds in the Rough?

Entrepreneurs also thought some sectors deserve more attention – and this is where there may be some potential opportunities for investors or new founders.

1. Agtech: 57% Underhyped
Farming is not flashy, but entrepreneurs recognize agtech as something that city slickers should pay more attention to. New tech is making agriculture more sustainable and urban, while increasing crop yields.

We covered some of these interesting next generation food systems in a previous infographic post.

2. Life Sciences: 55% Underhyped
Advances in areas such as longevity, genomics, and biotechnology are unnerving to some people, but life sciences seems to be at a tipping point. Founders see this as an area that deserves more attention from the media and investors.

3. Security: 51% Underhyped
Last year, $450 billion was spent on cybersecurity – and this number is growing fast as the IoT becomes even more prevalent. Stopping hackers is not flashy, but it is vital to the global economy and many dollars will be spent on it in the coming years.

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Technology

Nvidia is Worth More Than All of These Companies Combined

Gain a unique perspective on the market cap of Nvidia in this simple graphic.

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Putting the Market Cap of Nvidia Into Perspective

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Nvidia’s massive rise in the AI era has been well-documented, but did you know that it’s currently the world’s third most valuable company?

To put the massive market cap of Nvidia into perspective, we’ve put it side by side with a collection of other major U.S. tech companies.

All figures were sourced from Companiesmarketcap.com, and are as of May 23, 2024.


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Data and Takeaways

All of the numbers we used to create this graphic are included in the table below.

CompanyMarket Cap
(as of May 23, 2024)
Nvidia$2.5T
Meta$1.2T
Tesla$553B
Netflix$272B
AMD$257B
Intel$128B
IBM$157B

These figures are even more impressive when you consider that at the beginning of 2020, Nvidia was valued at a relatively tiny $145 billion.

Since then, the company has greatly surpassed other American chipmakers like Intel and AMD. This growth is due to several key factors:

  • Expansion into AI and data centers: Nvidia’s chips are highly effective for AI training, making them essential for companies engaged in machine learning and generative AI
  • Advancements in AI software: Nvidia has developed AI software platforms, such as CUDA-X and TensorRT, which are widely used by researchers.
  • Strong financial performance: Nvidia has consistently delivered strong financial results in recent years, with substantial revenue growth.

Closing in on Apple

With Nvidia’s latest stock surge (up 13.5% over the past five days ending May 24, 2024), the company could possibly overtake Apple to become the world’s second most valuable company.

Microsoft, another major player in AI, holds the #1 spot with a market cap of $3.2 trillion.

See More Visuals on Nvidia

If you enjoyed this graphic, be sure to check out this graphic that breaks down Nvidia’s revenue by product line, from 2019 to 2024.


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