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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 23 hours 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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  • [–] 30 points 1 day ago (1 child)

    No way, the scam was a scam?!

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  • [–] 14 points 1 day ago (1 child)

    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.

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  • [–] 9 points 1 day ago

    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.

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  • [–] 11 points 22 hours ago (1 child)
  • [–] 11 points 1 day ago

    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

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  • [–] 8 points 14 hours ago

    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

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  • [–] 15 points 1 day ago (1 child)

    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?

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  • [–] 5 points 7 hours ago

    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.

    Artikel from Tom's Hardware

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  • [–] 5 points 1 day ago
    [–] 4 points 16 hours ago
    [–] 2 points 16 hours ago

    Damn he really was just the one chosen to take the fall

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