• BeBopALouie@lemmy.ca
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    18 minutes ago

    Guess I am weird. Who the fuck cares where his weenie goes long as he runs the company well?

  • scarabic@lemmy.world
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    3 hours 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.”

    • SaveTheTuaHawk@lemmy.ca
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      3 hours ago

      “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.

      • scarabic@lemmy.world
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        1 hour ago

        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.

  • tigermountain@lemmy.world
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    6 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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      5 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.

  • sanzky@lemmy.world
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    8 hours ago

    stealing a joke I read somewhere:

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

    • kent_eh@lemmy.ca
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      8 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).

  • TeaWithDani@lemmy.world
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    17 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.

  • cardfire@sh.itjust.works
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    6 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

    • Bluescluestoothpaste@sh.itjust.works
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      3 hours ago

      The entire discussion is gossip, idk this just isn’t news to me. My neighbor got caught cheating on his wife too and nobody cares except for them.

      Nothing about the trajectory of nvidia will change about this, the ceo could get arrested right now and it’s not going to change a single customer’s plans to buy their chips.

    • RagingRobot@lemmy.world
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      6 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.

      • cardfire@sh.itjust.works
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        3 hours ago

        They’re already making billions before AI took off though, that’s my point. They were already doing the work, building supply chains and distribution, and making technologies that drive today’s entire marketplaces.

        I still think they’re Bond villains, because again, $Billions, I just don’t want people bringing puritanical gossip into technical spaces. I do not care about it…

      • cardfire@sh.itjust.works
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        3 hours ago

        I definitely don’t think these people are super human. They’re billionaires and that immediately clocks them as Bond villains in my book.

        But Jensen Wong absolutely steered the company across decades, including the Sega maneuver that madr both of them hundreds of millions of dollars after t doubling down on a lifeline that kept NV afloat in a disastrous chapter.

        My point is mostly, Jensen Huang is good at specifically what he does, and Ms Huang appears to be similarly calibered. Again, people are talking about them like they are bumbling fools and moralizing technical and data-driven things.

        That’s it. I don’t care about the gossip and I don’t like empowering AI Bros with these National Security narratives when the reality is just a couple of Semi/Silicon C Suite f****** each other and making billions in distribution contracts.

  • ripcord@lemmy.world
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    23 hours ago

    Wow. Plunge 4 whole percent.

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

    • scarabic@lemmy.world
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      3 hours ago

      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.

      • jj4211@lemmy.world
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        7 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.

        • FrostyTheDoo@lemmy.world
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          16 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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            7 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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              7 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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                7 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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                  7 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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            8 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.

            • FrostyTheDoo@lemmy.world
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              4 hours ago

              Sure, kind of, but money can enter or exit the market entirely. It’s not just moving money between stocks.

    • Spaceballstheusername@lemmy.world
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      7 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.

  • moxyy@lemmy.world
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    1 day ago

    Well, on the positive side - at least it appears there is someone in Trump’s orbit who isn’t a pedophile.

  • anon_8675309@lemmy.world
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    1 day ago

    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.

    • Jiral@lemmy.world
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      1 day ago

      “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.

      • boonhet@sopuli.xyz
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        1 day ago

        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.

        • ParlimentOfDoom@piefed.zip
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          21 hours ago

          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.

        • Jiral@lemmy.world
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          1 day ago

          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.

  • skozzii@lemmy.ca
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    1 day ago

    Trump called him an honorable man, after this was disclosed.

    Crazy times we live in.