Mr.AlwaysOnVaca

[Bull Theory @BullTheoryio]

🚨 Another major scandal is coming out of NVIDIA.

And this one has nothing to do with Jensen Huang's affairs.

According to a Wall Street Journal report, Nvidia was offering billions in financial guarantees to AI companies that could not afford its chips, so they could keep buying them.

Some of these deals were being pushed by Jensen's own son-in-law, Nico Caprez, who became a vice president in January. His team was telling small cloud companies and data center builders that Nvidia could arrange credit support for them within a couple of weeks.

The goal was simple: turn them into long term buyers of Nvidia GPUs.

And the size of Nvidia's commitments has exploded. Its own filing shows $530 BILLION in commitments and guarantees, up from $184 billion just one quarter earlier.

Inside the company, CFO Colette Kress was raising concerns. She kept asking how these guarantees were priced and what Nvidia was really getting back.

In an August meeting, Jensen cut her off and called her "a deer in the headlights."

She was also the one who cut Nvidia's guarantee on OpenAI's Ohio data center from $250 billion to $105 billion.

Now Jensen is gone, and the CFO who questioned these deals is running Nvidia.

To understand why this is a big deal, you need to understand the AI funding loop.

Here is how it works:

1. Nvidia puts money into an AI company, or guarantees its loans and leases.
2. That company uses the money and credit to build a data center.
3. The data center is filled with Nvidia GPUs.
4. Nvidia reports those GPU sales as revenue.
5. If the company cannot rent out all its computing power, Nvidia agrees to buy the unused part.

SO NVIDIA IS THE INVESTOR, THE LENDER, THE SUPPLIER AND THE BACKUP CUSTOMER, ALL IN THE SAME DEAL.

The money goes out of Nvidia and comes back to Nvidia as sales.

CoreWeave is the clearest example. Nvidia owns a stake in it, sells it chips, and agreed to buy up to $6.3 billion of its unused computing capacity through 2032.

OpenAI is the biggest. Nvidia is guaranteeing up to $105 billion for its Ohio data center, supplying all the chips inside it, and invested $1.5 billion in the company building it.

Nvidia's own filing for the quarter ending July 26 shows where the money is tied up:

• Supply commitments for memory and chip wafers: $279 BILLION, up from $119 billion.
• Guarantee on the OpenAI Ohio data center: up to $105 BILLION.
• Deals to buy unused cloud capacity from neoclouds: $36 BILLION.

Nvidia's actual liabilities on its balance sheet: $91 BILLION.

That means the commitments outside the balance sheet are almost 6 times bigger than the debts on it.

Nvidia does not lose this money unless something breaks. A guarantee only costs Nvidia if a customer cannot pay.

But this is where it gets uncomfortable.

The WSJ says Jensen himself had started to panic. He warned executives that the biggest cloud companies were moving to their own chips to depend less on Nvidia.

At the same time, the wafers and memory Nvidia had committed to buy were coming at him like an "avalanche."

So the biggest customers were trying to leave, Nvidia was locked into buying huge amounts of supply, and smaller customers were being kept alive with Nvidia's credit.

And things were already starting to crack:

• Nvidia paused some of its financing deals in August.
• Nearly half of the $80 billion in data center bonds issued this year were rated junk.
• Neocloud stocks crashed this week, with Nebius down over 20% and CoreWeave down 17% at the lows.
• OpenAI raised less than it wanted, at a lower valuation.

And now Kress is the one deciding whether this continues.

If she pulls back on the financing, the companies that depended on Nvidia's money will have to borrow elsewhere, in a debt market that is already nervous.

If they cannot, they stop buying chips.

And if they stop buying chips, Nvidia's revenue drops.

That is the risk of a loop. It works perfectly when money keeps flowing, and it hurts on the way down.

[Mr.AlwaysOnVaca @Markymark1031]

@sparkle6193920 Awww poor guy 😞…
Hard lesson

[Mr.AlwaysOnVaca @Markymark1031]

@sparkle6193920

[Mr.AlwaysOnVaca @Markymark1031]

@sparkle6193920 Why stop at 2…. wouldn’t be surprised if a couple more come from out of nowhere and press charges on him some kind of way

[Sovey @SoveyX]

Every great romance has an origin story.
This is when Huang met Huang.

[Mr.AlwaysOnVaca @Markymark1031]

@FinanceLancelot Market crash or “correction “ gets blamed on war and not what actually happens with NVDA when market realizes that the bubble popped

[Mr.AlwaysOnVaca @Markymark1031]

@ReturnOfKappy She’s got to pay homage no matter how classy her act is and has been

[Mr.AlwaysOnVaca @Markymark1031]

@itslila98 @Damidgede It’s always “change lives”… they all say the same thing….go ahead and block me 😆

[Mr.AlwaysOnVaca @Markymark1031]

@Trades2BeFree @itslila98 They all talk the same, here to help..Then go on a run and want to charge..Very much like sports betting degens….Low key, was always the reasons to post “free” just to crate a pay wall…who’s next 😁

[KEN 🫠 @thatsken11]

This is an example of natural water filtration. Most of the drinkable water our ancestors consumed in our villages passed through this type of filtration.

[Mr.AlwaysOnVaca @Markymark1031]

@sparkle6193920 Always thought that pic would come back to haunt him

[Mr.AlwaysOnVaca @Markymark1031]

@itslila98 In

[ThiccTeddy @ThiccTeddy]

This screener will show you how to find specific options contracts that are unusually bullish or unusually bearish

What you do with that information is up to you

👀👀👀

[Edward Dowd @DowdEdward]

If you are red pilled and know what’s going on don’t let it rob you of your Joy. Life is short.

I live in the present moment as much as possible because that’s all we got.

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.” Matthew 6:34

[Wolf Bronsky @WolfBronsky]

I've moved to totally new cities several times in my life and I'll give you the 10 minute method to find exactly the middle class neighborhood you want to live in without ever talking to a real estate agent

1.) Pull up the arcgis demographic dot map. This will give you a bird's eye color coded view of the whole meteoplex by ethnicity. Immediately cross out the sections of the city dominated by blacks or Hispanics. Maybe you're black or Hispanic. It doesn't matter, you don't want to live there. With the influx of scab labor Indians you have to be a little more careful with "Asian" but it's still generally okay. White is still the best signal. You now know which "sides" of the city you don't want to live on and narrowed down the metro by about 50-80%, depending.

2.) Get on Google Maps. Search for Whole Foods. In some markets you may have to sub in another brand like Trader Joe's, but Whole Foods is the gold standard for this. You'll notice that they're almost exclusively already in the neighborhoods you haven't eliminated. If you see one off on its own, that looks like it's in an undesirable side of the city, that's probably an old money neighborhood near downtown. These are generally very expensive and still have to deal with some "city problems" but there are some real gems out there, especially if they've incorporated. If you see multiple Whole Foods in the same general area, that's your newer build upper middle class white flight neighborhoods with people who still work in the city. These areas offer both public safety and quality amenities. That's your prime territory.

3.) You know have a pretty good area you're going to be searching. Next, Google Map search public transit and social services. There will be some one offs, but what you're really looking to avoid, especially with transit, is density. This means libtard local government or city government trying to spread the misery around. These places are on the way down. Avoid anything near a light rail station, like your life depends on it.

4.) Through broad process of elimination, you've now narrowed your search area to about 10% of the metro. You have your target areas. Zillow search for homes built betweeen about 1998 and 2008. These are going to have the best lots sizes and the best build quality in the >$400k-500k range in most areas. These are also going to have the best bedroom sizes of you've got kids or want a home office.

5.) As a final pass through, if you're still having trouble, get on Niche and check local highschools for both ratings and the frequency of charter and private schools.

6.) Find an agent and tell them exactly the areas you want them to put in the work.

[Dani. @Danizeh]

Be prepared, guys, because you’re going to see these trends quite a lot now, and you know why?

Because the oldest Gen Z woman is about to turn 30 next year, and a bunch of women also hate working. Not every woman has an email job, and the ones who do will end up losing it within the next few years.

And you know what else will happen?

You will see a bunch of promiscuous women entering churches in record numbers while most good men leave, just like how they left the nightlife, and just like how they are careful around all the tripods in the gyms from women who are recording for their 500 followers on Instagram.

You will read headlines like "women are becoming God fearing, why aren't the men doing the same?"

As a result, you will have the media bashing men even more for “not stepping up” and “not wanting marriage” with these women, when in reality they’re just avoiding promiscuous women as a whole who will grift off Christianity.

You will hear a lot of Scripture being used against you, specially when you state that you don't want a woman who slept around and it will typically be this verse: Matthew 7:1: “Do not judge, or you too will be judged.”

And you know what else is funny about this whole trend you're going to see? They're still all feminists because the option of being a feminist will always be there, given it's already encoded in society.

[Your Daily Cents @YourDailyCentss]

My son works full time here in Florida. Let me run his numbers.

State minimum wage is $14/hour. He's at $15.

40 hours a week = $600/week
That's about $2,600/month before taxes.

Florida has no state income tax the thing they sell you on. So after federal and FICA he takes home roughly $2,200.

Average one-bedroom in our area runs about $1,600.

That's 73% of his entire paycheck gone to rent before he eats a single meal.

Leaves him around $600 a month for:

- groceries
- gas
- car insurance
- health insurance
- phone
- emergencies
- savings

Car insurance alone eats a third of that in this state.

He works 40 hours a week and cannot save a dollar. Not because he's careless because there's nothing left to be careless with.

I spent thirty years paying off a house here. He's doing the same job I did at his age and he can't afford a one-bedroom.

That's not a discipline problem. That's not avocado toast.

The floor moved and nobody lowered the ceiling.

Working full time should cover a roof. In Florida it barely covers the rent on one.

[Mr.AlwaysOnVaca @Markymark1031]

@FATBOSSPICKS On another note, NBA has been hard AF so far for this system. Gonna let Vegas sort this out and come back to it mid November .