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Nvidia Allegedly Engineered Scarcity by Funding AI Startups to Buy Its GPUs (www.techpowerup.com)
submitted 1 day ago by [B] to c/hackernews@lemmy.bestiver.se
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[–] 40 points 1 day ago (6 children)

So sanction violations, insider trading, and now market manipulation? This is going to get so ugly.

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  • [–] 24 points 1 day ago (3 children)

    The fact that all of this comes to light at the same time is almost overly convenient. It feels like big players who knew of this sat on all of it in order to hatch an egg by shorting the stock

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  • [–] 5 points 1 day ago

    The story does seem overly pushed. I hang out in tech circles so I wasn't surprised to hear about it at first but then they were actively talking about it at work which kind of felt odd (not exactly tech people for the most part). The story is all I'm hearing about now.

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  • [–] 4 points 4 hours ago (1 child)

    Almost 1 billion to the company ugly? Or 300k fine to Jensen ugly? Lol

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  • [–] 3 points 3 hours ago

    Who knows, each violation is up to $3754,000, or twice the value of the underlying transaction, with estimates of 240,000 to 1.2 million chips and each one would be a violation that could also carry 10 to 20 years of prison. So theoretically it could be a shit ton of fines and prison. Realistically, it's going to be some slap on the wrist fine to NVIDIA, and Jensen will likely pay his lawyers more than any fine he'll ever pay.

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