stealing a joke I read somewhere:
-Nvidia shared plummeted, first because midterm elections, and then because CEOs erections.
I grew up on tech and I’ll be the first one to say it’s all bogus today. Efficiency is dead.
It is going to be funny if the AI bubble ends up popping due to the CEO of Nvidia wanting some strange.
Proving once again you can still pick a man’s lock using his own dick or the tip of his ego.
That is a fantastic way to phrase social engineering, it gave me a good chuckle
Word is they were funneling data center equipment through Singapore to China.
Yeah that’s what I heard that she wasn’t a spy per se just a business partner that let them sell chips to China that were banned from getting to China.
Why do they care if China gets their IP? Isnt Nvidia done making consumer grade electronics?
There is more money to be made in commercial hardware than in consumer.
If all those datacenters get access to a lower cost equivalent that’ll poke a hole in Nvidia’s profits (and therefore shareholder value).
And will bring more hardware to the market and bring down prices. Let’s go Chinaaaa
I think the whole honeypot thing is bullshit. Nvidia was selling GPUs to China via intermediaries. They all knew and now this is the story that’s an attempt to cover up the fact they did it on purpose for extra profit.
yup seems like a distraciton from all the AI stuff too.
Wow. Plunge 4 whole percent.
On other days this would be considered a “modest market correction”, but today it is “plunge”.
Relative to their peers is somewhat more telling. But generally agree.
And today, another 4% down, in a market that is not terribly down otherwise. And this is after a decline, currently at a 24% decline for the month.
So this scandal caused them to go down a pretty beefy amount while others made something of a recovery, and it has continued for two days, and exacerbates the stocks broader struggles.
Plunge 4 whole percent.
On a $4.3T market cap
What does that mean?
The company is “worth” $4.3 Trillion dollars. Losing 4% of $4.3 trillion = losing $172 billion in one day.
Also, based on how everyone else did today, they probably would have made $172 billion if this story hadn’t come out today, therefore it’s like they lost $344 billion dollars in one day.
His buddies on the board (who own most of the company and therefore ate most of that loss) are probably pretty pissed at him right now, and also salivating at an opportunity to take some of his shares as punishment.
Ugh. Terminology written by the rich. Like a multi-billionaire being described as being “poorer” because their assets took a downturn yet they’re still a multi-billionaire. I despise the premise that predicted money not made is a “loss.”
No, you never had the value, so you can’t lose what you didn’t have. But businesses get to act like it and then it helps them ditch deferred tax assets if they get deemed unrecoverable. Isn’t that amazing?
True, but also you participate in an economy that legitimizes predicted money. I mean…. Even rental homes/apartment complexes can get loans before they open, based on predicted rent income.
Yeah but I don’t get to write off the loan or cancel part of it if I don’t make the money and the bank can come after my assets for failure to pay. This is not the same thing.
Write off the loan and cancel part of it? I’m not familiar with those mechanics, but nor did I think they were required for this system to be evil anyhow. What are you referring to?
I’ve heard that these people don’t pay back the loans. They borrow until they die, or other loopholes. The debt doesn’t vanish, though. The system is designed to remove the burden of an active debt if you can dance to its tune.
Also, I wasn’t saying you’re doing the same thing as them… so I’m not sure what “this” is when you say “this is not the same thing.”
I was just saying that you contribute to the economy, by working in it and paying into it. I’m not saying that you’re happy about. Just acknowledging that the economy which is very real for you DOES recognize the pretend forecasted money which you rejected. The economy legitimizes it already. So your issue is with the system, not necessarily with some rhetoric people use.
Yeah the bank will come after your assets, but really I’m just trying to show you the enemy here. It’s the fact that the system legitimizes the very thing which you call illegitimate.
Where do you think the money to buy everything else came from? Money doesn’t appear out of thin air. If Nvidia didn’t go down then it is unlikely others would have gone up.
They dropped a few percent.
Wall Street has no morals, it only dropped on the fear that this MIGHT affect them making money. It will recover shortly and people will move on.
No, no. It says PLUNGED!
Slammed!
“A few percent” is as biased a description for -5% as “plunged”. I mean you can all it both but really both is making it sound smaller or bigger than it is.
5% is barely more than a normal daily 2-3% swing on any stock that nobody would really even write an article about. Thursday it dropped 9%, a lot more significant than this 5% drop in the middle of an already negative trend for this month.
It is double that. Anyhow 9% is a pretty substantial short term loss. Markets are nervous but still don’t want to call the bubble for real it seems. Let’s see if they find another excuse in short succession to correct the stock.
Trump called him an honorable man, after this was disclosed.
Crazy times we live in.
Trump endorsing you has to be one of the worst insults you can receive.
At least he fucked adults
Standards are low.
Conservatives don’t judge people by their actions, they judge actions by their people.
Because they’re conservative in brain capacity
Holy shit, I’m stealing this
Yep, matches trumps morals
Man i have to commend how china operate to peg down allies that too cocky and high on tail, just send vixen to deal with it once and all.
Well, on the positive side - at least it appears there is someone in Trump’s orbit who isn’t a pedophile.
talk about looking on the bright side, holy fuck
Now hold on, how old is she?
Does she look really realllllly young?Sorry, I’m just not ready to accept that even one of them isn’t a paedo!!!
She’s in her 40s, and she looks like she’s in her 40s.
Where did you get that information?
She looks good for 40s, but yes. A 40 year old that takes care of herself.
fair warning to everyone. Do not go on duckduckgo and search “Jensen Huang spy mistress” and click on images to see if you can see what she looks like unless you have safe search turned on. Idk what the fuck is wrong with DDG but the results are just a bunch of actual porn for some reason.
If I become a porn star, my stage name would be “Jensen Hung.”
I want my billionaires hanged, not hung.
You will need a leather jacket. You’ll make it work.
ddg uses bing, and while they can filter text things to be surprisingly usable, they can’t do anything about the garbage image search.
How old was she?
Don’t be so sure, how old was the model?
I don’t want to look shame but? That’s it? That’s what it takes?
Well she had to be at least age appropriate or it would seem really suspicious. If it was some 21 yo he might not have gone for it (you never can tell with the rich).
“I thought she was just a regular old gold digger.” -this guy, hypothetically
Turned out she was a chip digger
