• scarabic@lemmy.world
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    18 minutes ago

    His apology was so pat and by the numbers. You just know he had AI write it.

    The actual explanation is “I am rich and famous and thought that should entitle me to whatever sex I want. And I thought I could get away with it.”

  • tigermountain@lemmy.world
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    3 hours ago

    Something else no one seems to be talking about. Nvidia’s chips are made in Taiwan by TSMC. What happens if China invades in the next year or two? Which is probably very high on the minds of Chinese leadership because they’ll never have another opportunity, hopefully, where our military has been degraded by the incompetence of Pete Hegseth and a president who can be talked into anything by saying “Sir, you’re a great and strong leader chosen by God. And here’s some really delicious chocolate cake”.

    • Buddahriffic@lemmy.world
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      2 hours ago

      This is why I own some Intel shares despite not having any faith they will catch up to any of its competitors. China might make it so that it doesn’t need to catch up.

  • cardfire@sh.itjust.works
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    3 hours ago

    Maybe I’m old, maybe I’m out of touch, but it seems to me that this entire discussion is wrapped up in a metric f*** ton of misogyny.

    This woman spent decades in industry, first commanding in finance management for a gaming company partner, and then production and distribution for that very gaming company, which grew into one of Alibaba’s largest cloud compute subsidiaries.

    It’s someone who acted with agency and with acumen across time, and leveraged talents and a working relationship with one of the most pivotal executives in human history.

    Today half of my Facebook feed is basically people calling her a two-bit whore and calling Jensen dumb, as if they both don’t deserve to be exactly where they are, didn’t make every decision that brought billions to their fiefdoms.

    In less than a week I’ve seen $100,000 wiped off my balance sheet, and I fully anticipate seeing another $100k drop off before Nvidia even gets to their quarterly earnings call to discuss what the business is actually f****** doing.

    It’s possible that this is the end of the road for my Nvidia Investments and that’s fine.

    But te people are reaching for the most simplistic narrative and meanwhile all of the industry players are doing exactly what they’ve always done. Espionage, trade and arbitrage occurring in delicate dances between bedsheets and balance sheets.

    While everyone’s meemaw and peepaw imagine some 25-year-old bar girl wandered into Jensen Huang’s pocket after the Chinese government bought her a plane ticket.

    https://www.axios.com/2026/11/09/alice-huang-nvidia-jensen-megaspeed

    • RagingRobot@lemmy.world
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      3 hours ago

      Those people aren’t as great as you make them out to be. They aren’t some kind of super human geniuses who know how to make the best decisions. The whole article is about them making bad decisions.

      They got lucky that ai happens to run best on graphics cards that they were already making. The people at the top didn’t design the chips or do any of the really hard work. They just slap their name on it. These people are as human as you and I and they are capable of making the same awful mistakes.

  • sanzky@lemmy.world
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    5 hours ago

    stealing a joke I read somewhere:

    -Nvidia shared plummeted, first because midterm elections, and then because CEOs erections.

    • Spaceballstheusername@lemmy.world
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      4 hours ago

      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.

    • kent_eh@lemmy.ca
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      5 hours ago

      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).

  • Masuta@thelemmy.club
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    12 hours ago

    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.

  • TeaWithDani@lemmy.world
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    14 hours ago

    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.

  • ripcord@lemmy.world
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    20 hours ago

    Wow. Plunge 4 whole percent.

    On other days this would be considered a “modest market correction”, but today it is “plunge”.

        • FrostyTheDoo@lemmy.world
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          13 hours ago

          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.

          • RememberTheApollo_@lemmy.world
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            5 hours ago

            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?

            • partofthevoice@lemmy.zip
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              4 hours ago

              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.

              • RememberTheApollo_@lemmy.world
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                4 hours ago

                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.

                • partofthevoice@lemmy.zip
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                  4 hours ago

                  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.

          • group_hug@sh.itjust.works
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            5 hours ago

            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.

      • jj4211@lemmy.world
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        4 hours ago

        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.

  • nerdo@lemmy.zip
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    21 hours ago

    Imagine being one of the richest men in the world and being honeypotted by a 5/10. This along with his AI shenanigans have me thinking that he is a moron and only succeeded through grift

    • eestileib@sh.itjust.works
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      17 hours ago

      This was a culmination of a multi year millions of dollars project. There was probably a team of military psychologists reading every post he had ever made, researching his other affairs, a degree of hyper focus that almost nobody on the planet would be worth pursuing.

      There was an episode of darknet diaries about much more ordinary people getting set up like that.

      I don’t feel bad for him though, that’s life in the fast lane for ya.

    • Pacattack57@lemmy.world
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      21 hours ago

      I was just thinking the same thing but maybe he’s like Aoki from Hajime no Ippo. He has a think for ugly girls

    • KuroiKaze@lemmy.world
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      21 hours ago

      A quote" five of 10" with tremendous enthusiasm for your body and a top level head game would shred through 98% of men.

    • solidus@lemmy.world
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      21 hours ago

      I have yet to meet a CEO of any of the companies I worked at that wowed me with their intelligence. I have worked at small enough companies to have directly worked with and spoke with the CEOs on multiple occasions. I know when I meet someone bright, and none of them have been it. What they have been is good at bullshitting and talking their way out of things. Having communication and coercion skills IMO are a great indicator of your ability to become a C-Suite executive. That and being willing to abandon other things in life including your family.

      • MilitantAtheist@lemmy.world
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        20 hours ago

        I’m in game dev. Went to our CEO in 2004 and asked for a small 3 man team to do a prototype for a physics based mobile game. The answer: “There’s just no money in mobile games”

        2009 Rovio released Angry Birds.

        The Angry Birds franchise has generated an estimated $9.54 billion. Which is pretty good, since there’s no money in mobile.