rumplestiltskin

I was a senior software engineer at a reputable SaaS company before the final mass layoff. I hate LLMs, data centers, and especially the morally bankrupt CEOs.

[Roger @rdd147]

Now we know why Altman went from the DRAM Yatzee to “We’re about to have a supply glut of compute due to double counting” overnight.

WSJ reports 22% of $NVDA sales were going to Singapore in summer of 2025 and mysteriously vanished on export lists (when affair was discovered by the White House). The sales remained, but disappeared from reporting in Singapore.

That means, 1/4-ish of Nvidia chip sales were being diverted to China via MegaSpeed (and other entities in Singapore?) There was other channels as well, but at a minimum 25% of sales that shouldn’t have happened did. That is a huge level of excess inventory about to hit markets now. Sam knows it.

[Alex Cohen @anothercohen]

This is an absolute masterpiece.

10/10.

No notes

[AⓂ️εεη @ednut99]

Being unemployed is difficult.

But there’s another part people rarely talk about.

Watching your friends move forward while you’re still trying to figure out your next step.

You stop asking people for help because you don’t want to become a burden.

You start avoiding certain conversations because everyone seems to have something going on financially.

And even when you smile, you’re quietly worried about tomorrow.

Unemployment affects more than your bank account. It can affect how you see yourself.

[berryvee @berryveee]

Is anyone else job hunting as well and realising that 95% of jobs you apply for actually arent hiring and just instead selling your data to scam centres 😭

[Gary Marcus @GaryMarcus]

🔥

[Steve Lookner @lookner]

WSJ: "As recently as the summer of last year, Singapore was officially one of Nvidia’s biggest markets, generating 22% of the chip maker’s revenue. Then, practically overnight, it disappeared from the company’s financial disclosures. Investors deserve to know why, and Nvidia needs to start explaining, with or without Jensen Huang at the helm. The timeline indicates that Nvidia altered its methodology for reporting the geographic breakdown of its revenue shortly after placing Megaspeed International on an internal block list. It isn’t clear if the two are related, but the shift had the effect of removing visibility into Nvidia’s sales tied to Singapore. That is the home to Megaspeed, the cloud-computing company embroiled in a sex-and-espionage scandal that has engulfed Nvidia and its chief executive."
https://t.co/4dsm45tsAN

[Ed Zitron @edzitron]

Can’t wait for Sam Altman to make the absolute least helpful comment on the Jensen situation imaginable

[JustDario @DarioCpx]

$CRWV management said during the call it had plenty of cash and didn’t need to raise more debt - that triggered a short squeeze sending the stock 20% higher the next day

After the close, $CRWV announced they will raise $4b more in debt issuing a bond

This is securities fraud

[Ross Hendricks @Ross__Hendricks]

Time to start pricing in a future where Jensen Huang can no longer engineer an endless runway of artificial demand from circular financing arrangements, and what that means to the forward earnings outlook across the entire AI supply chain

[Ed Zitron @edzitron]

You are going to hell 👍

[Ed Zitron @edzitron]

Far simpler answer: these people do not have real morals, positions or beliefs, moving in a shifting sand of Chud Growth Consensus that coalesces around whatever they think might make them richer or feel better about themselves, mostly because a number went up

[Financelot @FinanceLancelot]

Two questions people should be asking right now:

1) What % of Nvidia's sales were illegal chip exports to China through "very lucky company" like Megaspeed and Super Micro $SMCI ?

2) What % of $NVDA sales were funded by its own circular financing?

[Gordon G. Chang @GordonGChang]

“Men will be men”? Bloomberg reporting Monday suggests Nvidia aided Megaspeed’s illicit diversion of chips. Jensen Huang may have to trade in his black leather jackets for orange jumpsuits.

[Ed Zitron @edzitron]

There’s so much effort being made to frame this as a single bad actor versus a calculated and well documented smuggling operation where the general counsel of NVIDIA intimidated government officials

[JustDario @DarioCpx]

I fear US strategic popcorn reserves aren’t enough for what’s coming

[Jay @pu3he]

《纽约时报》刚刚用五名英伟达内部知情人的连环证词，把黄仁勋维持了四十年的深情好男人滤镜砸得连渣都不剩：

就在向全员发信忏悔第一桩婚外情仅仅三天后，这位掌管四点三万亿美元帝国的算力教父，被爆出与直接向他汇报的英伟达医疗业务副总裁 Kimberly Powell 存在第二段婚外地下情，盘后股价应声跳水，上千亿美元市值当场灰飞烟灭。

看完报道里还原的那几个原味现场切片，我心里那种荒诞感简直冲到了顶峰，

很多人以前看老黄穿着标志性的黑皮衣在台上给老婆秀恩爱，总觉得他是硅谷罕见的、只懂打磨 GPU 架构的纯情理工直男，

但《纽约时报》摊开的底账比好莱坞纸牌屋还要惊悚：

早在今年三月圣何塞 GTC 开发者大会期间，63 岁的黄仁勋和 48 岁的

Powell 在酒店里的亲密举动就被一名现场路人直接拍下了视频，

紧接着极其魔幻的一幕发生了，老黄的私人安保团队当场出动，直接把这名拍视频的路人单独围堵隔离起来，硬生生掏出一份 NDA 保密协议逼对方签字封口；

而当记者把电话直接打到黄仁勋本人手机上求证这笔烂账时，这位平时在镜头前谈笑风生的商业教父只冷冷甩出一句“我不觉得你应该直接跟我通话”，随后啪地一声挂断了电话。

这背后其实藏着一条极度冷酷的华尔街公司治理法则，

前几天跟外部客户高管不清不楚，英伟达董事会还能用“不知情、配合国家安全审查”来替他挡子弹，

但这一次涉事的女主角，是组织架构图上直接向 CEO 本人汇报工作的直属下属，

这就相当于在一家严禁上下级利益冲突的跨国上市公司里，最高掌权者自己亲手砸碎了写进员工手册的合规高压线，还动用公司安保力量去掩盖私生活丑闻。

换作任何一个普通大厂高管，光是“直属汇报线桃色利益输送”这一条罪名，当天下午就会被法务和人事架出办公大楼（当年英特尔和麦当劳的 CEO 全都死在这根红线上）。

所以大家也别再把这起突发猛料当成茶余饭后的富豪花边新闻看了，当一个绝对垄断全球算力军火库的超级创始人，

把个人私欲凌驾于现代企业最底层的合规防线之上，华尔街与硅谷最残酷的一场董事会夺权与信仰崩塌大戏，就已经在这一刻彻底拉开了序幕

[Jim Stewartson, Decelerationist 🇨🇦🇺🇦🇺🇸 @jimstewartson]

The problem NVIDIA has is that Jensen Huang is going to be hard to replace. Whoever it is will be have trillions in hot air to keep covering up. Jensen has been stuffing the channels in more ways than one.

[JustDario @DarioCpx]

I exposed Nvidia's cooked books two and a half years ago - from its own filings.

Nvidia cooked books are multiple times bigger now.

So will be the damages when Nvidia implodes.

[Ed Zitron @edzitron]

Jensen was the force being Nvidia’s entire circular financing scheme. Gonna be tough to keep that going!

[Nobody Special @JG_Nuke]

I’m gonna miss him.