NVDA’s circular sales continue: after Coreweave, it’s Voltage Park non-profit!

Sharing is Caring!

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!

See also  M2 up $85.5B in Dec—5% annual inflation ahead, gold near record highs. Trump’s tariffs shake Fed—businesses now quick to raise prices after past inflation.

A brand new non-profit called Voltage Park managed to secure $500M worth of NVDA GPUs.

https://www.reuters.com/technology/crypto-billionaires-nonprofit-buys-500-million-ai-data-center-chips-2023-10-30/

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?

See also  A historical cold snap is set to unleash next week, as the Polar Vortex deepens its grip on the United States.

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!