Scott Lapre

[Dani.Vendetta7777 @DanialHosinpor]

🚨فوری: ایلان همین الان حقیقت تلخ رو انداخت وسط، حقیقتی که نمی‌خوان شما بشنوید💥

«دلیل اینکه ما این حجم شدید از نفرت و خشونت رو می‌بینیم، اینه که واقعاً داریم در پاکسازی فساد و اسراف موفق می‌شیم. اگه موفق نبودیم... اهمیتی براشون نداشت.»

[James O'Keefe @JamesOKeefeIII]

It’s wild that we broke this over five years ago and it’s going viral now.

[Jim Njue @Jim_Njue_]

When Muslims start a war, its Jihad.

But when they lose, it’s Genocide.

We were fooled.

[ADONIS @adonispara]

> be microsoft
> hire Indian CEO
> fires all the most loyal competent staff
> replaces them with Indians
> company goes to shit

As a Microsoft employee describes the situation..

[charles Xiong @charles12388]

🚨 輝達（NVIDIA）又爆出一個大雷，這次跟老黃的婚外情半毛錢關係都沒有。

《華爾街日報》剛把底牌全掀了：買不起晶片？輝達直接掏出幾百億美元做財務擔保，硬幫 AI 公司把單子簽下來。

在公司裡推這套玩法的，就是老黃自己的女婿 Nico Caprez。他今年 1 月剛升上副總裁，手下團隊直接對外放話，跟那些小型雲端廠和數據中心建商說：只要兩週，輝達就能幫你們把信貸支持搞定。

目的就一個：把這幫人死死綁成輝達 GPU 的長期買家。

這套操作把表外承諾的盤子吹到了天上。輝達最新財報白紙黑字寫著，各類承諾與擔保總額直接飆到 5,300 億美元——就在一個季度前，這個數字還只有 1,840 億美元。

公司內部其實有人踩煞車，CFO Colette Kress 當時就一直提出質疑，反覆追問這些擔保到底怎麼定價、輝達真正能拿回什麼。

結果今年 8 月開會時，老黃直接打斷她的話，當眾罵她「像隻被車頭燈照傻的鹿（a deer in the headlights）」。

儘管被老闆當眾洗臉，Kress 還是硬把輝達對 OpenAI 俄亥俄州數據中心的擔保額度，從 2,500 億美元砍到了 1,050 億美元。

現在風水輪流轉，老黃走人了，當年被罵的那個 CFO 坐上了臨時 CEO 的位子。

要看懂這顆雷有多大，先看懂這套「AI 資金閉環」是怎麼轉的：

輝達投錢給 AI 公司，或者幫它的貸款和租賃做擔保。
這家公司拿著這筆錢和信用去蓋數據中心。

數據中心裡塞滿輝達的 GPU。 輝達把這批 GPU 算進自己的銷售營收。

萬一這家公司算力租不出去，輝達還承諾把沒用完的算力買回來。

看明白了嗎？同一筆交易裡，輝達同時當投資人、放款人、供應商，外加接盤俠。錢從輝達口袋掏出去，轉一圈又變成了輝達的營收。

CoreWeave 就是最現成的例子。輝達既持有它的股份、賣晶片給它，還簽約承諾在 2032 年前買下它最多 63 億美元的閒置算力。

盤子最大的是 OpenAI。輝達給它俄亥俄州數據中心提供高達 1,050 億美元的擔保、包辦裡面所有晶片，還順手往承建這座數據中心的公司投了 15 億美元。

翻開輝達截至 7 月 26 日那一季的財報，錢全卡在這些地方：

記憶體與晶圓採購承諾：2,790 億美元（前一季才 1,190 億美元）

OpenAI 俄亥俄州數據中心擔保：最高 1,050 億美元

向新興雲端廠（neoclouds）回購閒置算力的協議：360 億美元

再看一眼資產負債表上的實際負債：910 億美元。

也就是說，輝達表外的承諾金額，差不多是帳面債務的 6 倍。

只要市場不出事，輝達確實不會虧這筆錢，畢竟擔保只有在客戶違約付不出錢時才會觸發。

但現在問題來了，連老黃自己之前都開始慌了。《華爾街日報》披露，老黃曾私下警告高管，幾家大型雲端巨頭正在加速轉向自研晶片，想擺脫對輝達的依賴。與此同時，輝達自己簽約鎖死的晶圓和記憶體，正像「雪崩」一樣排山倒海壓過來。

大客戶想跑路，上游供應鏈合約又死死鎖著不能退，底下全靠輝達拿信用在幫小客戶續命。

裂縫其實早就炸開了：
輝達在 8 月就已經叫停了部分融資交易。

今年發行的 800 億美元數據中心債券裡，將近一半被評為垃圾債。

新興雲端股這週集體跳水，Nebius 暴跌超過 20%，CoreWeave 盤中最低也砸了 17%。

OpenAI 這輪融資拿到的錢比預期少，估值也縮水了。

現在，決定這場遊戲要不要繼續玩下去的人，換成了 Kress。

只要她一收緊銀根、抽走融資支持，那些靠輝達輸血的公司就得自己去已經緊繃的債市借錢。借不到，就得停買晶片。一旦他們停買，輝達的營收立馬掉頭往下。

資金閉環就是這樣，錢轉得動的時候人人吃肉，一旦開始往下砸，痛起來要人命。

[Greg Karnes @realGregKarnes]

...How does this stuff even find its way into the National Football League...why not just focus on football...why is this even up for debate...

Jacksonville Jaguars phenom Travis Hunter has set off a firestorm after refusing to wear the LGBT armband ahead of the team’s next matchup, boldly rejecting what he called a “woke agenda.” Hunter didn’t mince words: “Football is about the game, the grind, and the fans — not politics. Stop forcing this on us.” His statement has ignited fierce debate across the league and beyond.

[Hawky 🇺🇸🇬🇧 @jwjg83805]

@FBIDirectorKash @AGToddBlanche @TheJusticeDept

[FBI Director Kash Patel @FBIDirectorKash]

30+ years in office. Federally indicted.

Prosecutors allege Sen. Louise Lucas used her position to shield a 5-year marijuana enterprise involving her family—nearly $5M involved.

Thanks to @AGToddBlanche, @TheJusticeDept, FBI agents & partners.

No one is above the law.

-DKP🇺🇸

[Valentina Gomez @ValentinaForUSA]

This is not a coincidence:

-Jensen Huang was forced out

-Microsoft services are DOWN

-Japan banking system is DOWN

-Paraguay banking system is DOWN.

🚨Something big is in the works.

[Libs of TikTok @libsoftiktok]

BREAKING UPDATE: Leon Abdullah El-Alamin, a Democrat-endorsed Flint, Michigan, councilman, just pleaded GUILTY to election fraud and NO CONTEST to felony assault charges.

He previously served 7 years in prison on weapons & drug charges.

How TF was this person allowed into public office???

[Ron DeSantis @RonDeSantis]

Congrats to @UF!

[FullBreed 🇺🇸 🏈 🍺 🚘 @breed_full]

The Biden tapes are out.

And HOLY F^CK, the conspiracy theorists were right again.

They're way worse than you even thought.

Wow 👇

[Derrick Evans @DerrickEvans4WV]

Yes, Jensen Huang slept with a Chinese spy, but never forget that Eric Swalwell also slept with a Chinese spy while sitting on an intelligence committee.

Democrats allowed him to stay on the intelligence committee after he was caught.

@grok please confirm.

[American AF 🇺🇸 @iAnonPatriot]

The dude who’s always crying about Elon’s money is literally insider trading lmao

[Hayes Fawcett @Hayesfawcett3]

BREAKING: Class of 2027 OT Moreno Fisher has Committed to Florida, he tells me for @Rivals

The 6’7 305 OT was previously Committed to Virginia

“Mama I’m home, Go Gators 🐊”

https://t.co/VMxpvPYTxS

[Francis @FrancisCashFlow]

I died. This has to be the best one yet

[Montyrico Fellini 😈 @FishingnWeed]

Bro I've always wanted to see am athletes paystub this is crazy

[Spencer Pratt @spencerpratt]

Rohit Conman needs to be expelled from congress and barred from government employment for life.

[Ron DeSantis @RonDeSantis]

Abolishing the electoral college would mean not knowing who won the presidency for 4 weeks while California keeps counting. No thanks.

[Kyle Tibbitts @KyleTibbitts]

“Wealth tax for thee, insider trading for me.”