So sanction violations, insider trading, and now market manipulation? This is going to get so ugly.
post
No way, the scam was a scam?!
Just a reminder that a bunch of companies have secured loans with their existing GPUs as collateral, so if the scarcity is artificial and prices adjust once the scarcity dries up, then a lot of those loans will be need to be recollateralized. Not sure exactly how that happens but if it’s like a margin call… that will accelerate things a lot.
Even if the scarcity wouldn’t get better, these GPUs will be considered ancient in a couple of years and when the competition already has the newest stuff, the collateral will still drop massively in value which could also trigger recollateralisation. It was very stupid to begin with to accept GPUs as collateral.
Put them all in prison
I doubt the USA is able to effectively regulate their markets, prosecute and jail offenders, after years of deregulation. Even when crooks are jailed, the grifter in chief pardon them.
This is just standard capitalism isn't it? What's the big deal? The president of capitaland and his whole stupid family are blatantly insider trading. Rigging the market has been capitalism 101 for a century
I want to see execs jailed, and lots of them. There are multiple criminal actions surfacing now. I commit a crime, I go to jail
At nvidia, multiple people committed multiple CRIMES, as in not "you stole a Snickers at the cafeteria" crime, they committed large crimes. I want to see large jail sentences, for all of them
This could be fantastic news but by the time the chip foundries are reassigned to ram and ssds and GPUs we can use, how many of us will have money to buy them as the economy crumbles?
Did you know that a lot of the Nvidia consumer cards are artificiality throttled for AI use? A hacker unlocked it without overclocking or anything like that.

all 21 comments