Correct! And also the US government knew about it and let it happen, illegally, because Nvidia is a load bearing pillar of the house of cards that is the US economy
And that’s the really interesting part of the whole thing. If Nvidia really does get cut off from Chinese market, then that’s gonna shrink their revenues significantly. And they’re basically acting as the bank for the whole AI bubble in the US doing circular financing of the companies buying their chips.
i’d guess that the sentiment behind exposing him is that the house of cards is collapsing soon anyway, so you might as well enforce the law against china now. like, private money from institutional investors is drying up, that’s why everyone is having ipos, and openai barely managed to get anything in their last funding round. they’re putting all the ai companies on the market so private investors can quietly exit and pass the risk to 401ks, index funds, day traders, and whoever else is stupid enough to soak it up, and then they’ll let it run out of steam because no one is willing to fund the ai bubble any longer. the bank of nvidia is no longer as important in that environment, it only had to be kept around while they had little to no exit strategy, and that has changed recently.
Correct! And also the US government knew about it and let it happen, illegally, because Nvidia is a load bearing pillar of the house of cards that is the US economy
And that’s the really interesting part of the whole thing. If Nvidia really does get cut off from Chinese market, then that’s gonna shrink their revenues significantly. And they’re basically acting as the bank for the whole AI bubble in the US doing circular financing of the companies buying their chips.
Wild that you can either say Jensens wang popped the bubble and that it was holding the entire economy up
i’d guess that the sentiment behind exposing him is that the house of cards is collapsing soon anyway, so you might as well enforce the law against china now. like, private money from institutional investors is drying up, that’s why everyone is having ipos, and openai barely managed to get anything in their last funding round. they’re putting all the ai companies on the market so private investors can quietly exit and pass the risk to 401ks, index funds, day traders, and whoever else is stupid enough to soak it up, and then they’ll let it run out of steam because no one is willing to fund the ai bubble any longer. the bank of nvidia is no longer as important in that environment, it only had to be kept around while they had little to no exit strategy, and that has changed recently.
It’s possible there’s a fear that if there’s a crash in the US, then Nvidia would go all in on selling to China.