by eichenes
We have all heard about the NVDA GPU shortage & how even big dogs like MSFT can’t buy enough of them, but somehow, $2.8B worth of NVDA GPUs in the last quarter was bought by at least two entities that were directly or indirectly funded by… NVDA!
A brand new non-profit called Voltage Park managed to secure $500M worth of NVDA GPUs.
But why do they want to do with it? Lease it out to other companies! Their largest client? Imbue, a company which was funded by… NVDA.
But NVDA is a highly reputable company, they will never do shady shit, right?
Under Jensen Huang, NVDA has been caught committing fraud multiple times:
Accounting fraud in 2000s:
https://www.latimes.com/archives/la-xpm-2003-sep-12-fi-nvidia12-story.html
Misleading shareholders in 2021:
https://www.sec.gov/news/press-release/2022-79
Insider trading:
https://www.theregister.com/2001/11/21/nvidia_suspends_alleged_insider_traders/
Disclaimer: I am highly regarded, don’t stand in the way of a fraud freight train & don’t listen to my brain farts!