Ah yes, nvidio

I just sold all my Nvidia. I wanted to get ahead of the eventual drop.

I laughed all my the way home on the train thanks to Ed Zitron’s hilarious piece on this.

I mean, you can joke about circular financing, but it’s revenue until someone’s check bounces.

What we’re looking at is effectively how governments operate with currency. The state extends credit to financial institutions and spends money into the private sector, then demands the money back as taxation. This milling effect incentivizes employment, capital expansion, and improvements to land, as residents attempt to leverage the state incomes/credits to produce more material value than they’ll pay in taxes.

NVIDIA / OpenAI / Oracle are in the same relationship. And the cycle will continue to accumulate value virtuously until the output of the system is no longer recognized as yielding value. While OpenAI is definitely the weak leg in the stool, Oracle’s physical infrastructures and NVIDIA’s consumable chipsets are going to have value even outside of this relationship. The only question is whether OpenAI tokens can justify the liquidity the firm has received.

Short sell their stock. You’ll make tons of money if you’re right.