I have two conspiracy theories:
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Either Alice Huang being accused of being spy is a cover up for a normal affair, or
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There is no affair, she is the middleman for Jensen Huang to do business with China and the ‘affair’ is a cover up for that
In both instances, Jensen Huang seeking to be let off the hook for one thing or the other.
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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.”
“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.”
Well then he used AI to successfully deflect away from the actual problem. No one cares who fucks who at nVidia, the problem is $2B in chips Megaspeed, his girlfriend’s company, sold to China despite export restrictions. The fraud and export violations are the problem here, not little Huang.
Agreed and thats probably why his apology fell on the sword so completely: there’s no cost to admitting the moral failing and he is confident in the long run he will get away with it.
But material violations of commerce or espionage laws…. There’s zero about that in his apology and he will deny and fight like hell.
My only point here is to point out how trivial the human / moral / family dimension obviously is to him. Compete and total admission of guilt right away. Because he doesn’t give a fuck. Only thing that actually moves him is his job and company.
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”.
The military was enshitified before Smegmeth got there. The current level of incompetency and impotency couldn’t have happened over night. It’s taken decades to hollow out. There was some foreshadowing for how the Iran War would go when Biden tried to get the navy to build a supply pier. They had to hire maritime contractors to do it since the navy apparently doesn’t have that vital capability anymore.
The fact of the matter is that Taiwan could easily handle being attacked since it already has a very capable military and invading a across a body of water is like the single hardest thing to pull off.
The US Navy is kept there on “guard duty” in order to burn money and enrich contractors. If it had any deterrence value then it certainly won’t after the Iran War.
A lot of people have been talking about this.
They really do have a golden opportunity. Most countries are dependent on them for trade, the US military is drifting wildly, China has just demonstrated that they can influence oil markets far greater than anyone else, and China is are the point were if they don’t take it in the next few years that they might not have the chance ever again.
There is a chance that China make a move and nobody comes to defend Taiwan because they know the alternative is worse for themselves.
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.
stealing a joke I read somewhere:
-Nvidia shared plummeted, first because midterm elections, and then because CEOs erections.
It is going to be funny if the AI bubble ends up popping due to the CEO of Nvidia wanting some strange.
Best possible scenario, imo, for the memes.
Proving once again you can still pick a man’s lock using his own dick or the tip of his ego.
That is a fantastic way to phrase social engineering, it gave me a good chuckle
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.
yup seems like a distraciton from all the AI stuff too.
I grew up on tech and I’ll be the first one to say it’s all bogus today. Efficiency is dead.
Yeah, I was a fool that I even vaguely thought we would have something sort of resembling a digital utopia. The 90’s were weird.
Guess I am weird. Who the fuck cares where his weenie goes long as he runs the company well?
Edit: between him and his wife. Should be of no concern to anyone else.
It’s not that he fucked, it’s who he fucked. You don’t fuck a spy for the country you are banned from selling the newest shit to.
It seems I have become Emily Litella. I just thought it was about the infidelity.
Edit wrong gif
yoikes
It’s not that they were doing it, although the affair angle with a spy will get press.
It’s more that he was working with her to smuggle GPU units to China, in flagrant violation of export controls.
Estimates are that 20% of corporate revenue was from smuggling.
Bonus: With his influence in the Trump administration, Nvidia worked to quash investigations into doing exactly that.
See more here: https://www.wheresyoured.at/jensens-bizarre-adventure/
I think it is more a case of, it showed that there is still a weak link in all of this and it is not technological.
I don’t care about this kind of gossip level junk, but this for once has potential blow backs. Not that I really care about that either.
Spy.
Whole thing is just stupid IMO.
Found the shareholder!
Well, good thing you don’t work in national security
People care because the fate of a huge part of the country’s entire economy hangs on that man’s penis.
Why do they care if China gets their IP? Isnt Nvidia done making consumer grade electronics?
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).
And will bring more hardware to the market and bring down prices. Let’s go Chinaaaa
While China’s GPU game a still a fair bit behind, however their CPU tech is catching up.
Loongson is a great example. Using their own ISA, their LA664 based chips could match Zen 2 processors on many general purpose tasks and the next gen LA864’s are looking to make another jump. Yes, they are behind but this companies chips from a decade back could barely compete with a Pentium 3. They are hungry and moving fast.
Wow. Plunge 4 whole percent.
On other days this would be considered a “modest market correction”, but today it is “plunge”.
4% of 4.3T market cap is $172B. More than enough to trigger investor class action.
Losing 4% of your body mass would be 5-7 fingers.
Don’t worry, corporations and shareholders definitely feel 4%. The average consumer always sees small percentages like this and thinks they don’t matter. They do.
Uh ok
Relative to their peers is somewhat more telling. But generally agree.
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.
Plunge 4 whole percent.
On a $4.3T market cap
What does that mean?
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.
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?
Like a multi-billionaire being described as being “poorer” because their assets took a downturn
“Less credit worthy” which is functionally poorer from an accounting perspective.
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.
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.
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.
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.
Sure, kind of, but money can enter or exit the market entirely. It’s not just moving money between stocks.
Well, on the positive side - at least it appears there is someone in Trump’s orbit who isn’t a pedophile.
talk about looking on the bright side, holy fuck
We don’t have enough evidence to make that statement. We know the others also fucked people of age in addition to raping kids, so this is not inconsistent with that lot.
Donald Trump is a good example of this. records that would indicate that he rapes women and children of all ages.
Now hold on, how old is she?
Does she look really realllllly young?Sorry, I’m just not ready to accept that even one of them isn’t a paedo!!!
She’s in her 40s, and she looks like she’s in her 40s.
She looks good for 40s, but yes. A 40 year old that takes care of herself.
Asians don’t raisin.
fair warning to everyone. Do not go on duckduckgo and search “Jensen Huang spy mistress” and click on images to see if you can see what she looks like unless you have safe search turned on. Idk what the fuck is wrong with DDG but the results are just a bunch of actual porn for some reason.
If I become a porn star, my stage name would be “Jensen Hung.”
I want my billionaires hanged, not hung.
You will need a leather jacket. You’ll make it work.
Could go weirdo Brit with it with that name too. Smoking jacket, no pants and one of those lords wigs maybe.
ddg uses bing, and while they can filter text things to be surprisingly usable, they can’t do anything about the garbage image search.
Where did you get that information?
Alice Huang, reported by Chinese financial publication Caixin to be about 42 years old, previously worked in banking and investment management, according to Chinese fund-industry records and an indexed profile on private-fund database Simuwang, which also listed an earlier career in television journalism.
Before her involvement with Megaspeed, she held senior positions at Shanghai Hexi Investment Management, a Chinese investment firm.
Thanks, I could find her age anywhere
How old was she?
Don’t be so sure, how old was the model?
They dropped a few percent.
Wall Street has no morals, it only dropped on the fear that this MIGHT affect them making money. It will recover shortly and people will move on.
No, no. It says PLUNGED!
-$172B is actually a problem.
Google lost half a trillion like a week ago and I believe so did NVIDIA like a week before that, so 5% ain’t that big of a movement
None of this is a genuine loss in value. The hype is just taking a breather before we see any real adjustments
Slammed!
“A few percent” is as biased a description for -5% as “plunged”. I mean you can all it both but really both is making it sound smaller or bigger than it is.
5% is barely more than a normal daily 2-3% swing on any stock that nobody would really even write an article about. Thursday it dropped 9%, a lot more significant than this 5% drop in the middle of an already negative trend for this month.
Those are really big drops for stocks. Like the general goal for a year is beating the ~10% growth that the S&P average per year.
Swinging 2-3% is very volatile.
It is double that. Anyhow 9% is a pretty substantial short term loss. Markets are nervous but still don’t want to call the bubble for real it seems. Let’s see if they find another excuse in short succession to correct the stock.
Trump called him an honorable man, after this was disclosed.
Crazy times we live in.
Trump endorsing you has to be one of the worst insults you can receive.
At least he fucked adults
Standards are low.
Conservatives don’t judge people by their actions, they judge actions by their people.
Because they’re conservative in brain capacity
Holy shit, I’m stealing this
Yep, matches trumps morals
