...WE KNOW.
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Um.. wasn't this well known? They'd buy up struggling companies, then secure a purchase agreement for GPUs through those companies in order to inflate their sales figures. They did this. A lot.
I didn't know they allegedly had more GPUs than they knew what to do with, which is what the report says. Up until now, the public knowledge has been that the AI bubble has been used to justify sketchy deals like circular financing in an attempt to chase the unlimited profits promised by the discovery of AGI. As though they had no trouble selling them, but wanted to sell them in a way that also cut them in on future AI advancements.
It hits different when the claim is coming from inside. Most of us could see the circular investment scheme, now they're blaming each other internally for it.
Coming soon: A class action lawsuit against NVidia for everyone that bought a graphics card between the dates of X and Y who will eventually receive a 15$ cheque in the mail 5 years from now.
While the lawyers get like $10,000 per
It's not circular financing, it's not a bubble you guys. This is all legit above table normal capiterlizum
"It's inevitable. That's why we have to pay the people under us to force it on the people under them. So get used to using it- or be left behind!"
It is right up until you report the "sales" numbers.... Sales numbers can't include your own money.
Just billionaires doing billionaire things.

This news will probably make the NVDA stock price go up.
I don't think so... Pretty sure it's illegal market manipulation... Someone should be going to jail for this one....
Preferably someone rich...
They might be setting up Jensen (the one non white guy in all this?) to be the fall guy for any pending economic turmoil. Let's see.
Not saying he is blameless, but that those in power might be getting ready to say everything is all his fault alone.
Isn't (or wasn't) he the CEO? I realize leadership taking responsibility isn't as popular a concept as it once was, but it's not like he'd be some low-level fall guy...
That's not how that works. United health CEO was relatively unknown. This guy's a celebrity. If anything, Americans love their celebrities.
It's weird how you can be so right and yet so wrong at the same time. Don't get me wrong though: I don't want the wrong part to be wrong. That's not your fault.
This is more likely downward pressure on the stock. Not commenting on jail time, but this is showing holes in maintaining their extortionism, and its likely to bring down sales and margins.
It's not though. Rules state that you can't report your own money as "sales" If NVidia is putting money into start-ups just to have them spend that money on nvidia, that's fraud. (Probably have to prove that that was the purpose...but I'm sure there's an email...there's always an email...)
My summer child...
Well of course, if you want your shares to go up you want a company that can manipulate the market
Duh?
It was obvious to anyone with an IQ above room temperature mayonnaise.
Yes, but the money mostly blinded them. Now imagine the consequences: lynchpin systems coded by ai nobody knows how to maintain running some of the most critical systems running our society. Yay fucking yay
The situation described in the report saw NVIDIA on the hook for an "avalanche" of GPUs from TSMC, for which it would have no immediate buyers. Part of the issue highlighted by Kress was also that these small-scale cloud providers NVIDIA was investing in could not afford to buy NVIDIA GPUs, meaning they, too, could be a financial dead end.
This is big. Nvidia also didn't show up in last few weeks for OpenAI's financing desperation. There were bigger 5090 shortages this summer, as rumour that datacenters were being built around them, after rtxpro shortages.
Nvidia circular financing started off the bubble. But it needs new bagholders, and its sales/extortion power plummets as its investments fail. OpenAI failure brings down the industry financial backers, though it makes GPUs/RAM cheap again.
I'm shocked, I say. SHOCKED! /s
Isnt this market manipulation?
For the past 5 years Nvidia should have been highly regulated as a monopoly. What you're seeing is what happens when regulation is let slide.
That's the neat part. It is. But nobody's doing anything about it, in the quest to become rich.
Damn right he did, along with a bunch of other tech YouTubers and Ed Zitron.
I mean that's great and all, but AMD is selling everything they make. They have Zen 6 out and it's going directly into servers.
How do you know it's not fueled by the rampant circular financing?
CPUs aren't doing the bulk of AI processing.
Didn't Steve from Gamers Nexus talk about this a long time ago? He's been on top of all the sketchy Nvidia stuff fair more consistently than mainstream media.
Can you imagine the price drop once we raid these center?! The marketplace will be FLOODED! Cheap!
The circular gpu/ai economy is old news. Is this just making the rounds again hoping that people will pay attention this time? Or did the Wall Street Journal ignore it the first time because $$$ but now they're getting nervous?
That sounds like engineering creation of demand, not lack of supply.
With increased demand and flat supply prices went up, that was the design..
Also - NVidia gets to post bloated sales numbers because they're not disclosing that it was their fucking money in the first place...
I've said it before, I'll say it again.
#eattherich
#eattherich
don't eat junk food! instead, compost and eat the veggies.
Veggies never did anything cruel or environmentally destructive, I don't see why we need to eat them if they haven't done anything wrong.
Gotta eat something and they’re actually good for us.
Culling the hyper-wealthy is actually good for us too, and it seems like it would be a shame to let the meat go to waste. I'll consider vegetables as a side, or as a meal if we ever run out of organic, free-range, wild-caught billionaires to hunt. I am fine with their extinction, unlike other species of extinct animal, capitalism will always be able to make more. It's very sustainable.
Not when all those GPUs are rotting in warehouses and will be obsolete when the data centers they were bought for are finally built, if those data centers are ever completed at all.
DO YOU LIKE MY JACKET??!?!!!?
I think if you look around at the prices of so many computer components, I wonder about manipulation on those as well...




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