W Rees

Equities Futures FX

[W Rees @WMR6610]

@FirstSquawk USA will hate this headline

[W Rees @WMR6610]

@zerohedge Who says?

[Citrini @citrini]

I’m pretty good about not making fun of other people for being immediately proven wrong by the market, as that’s something that happens to me with some regularity and is just part of the game.

But this one is too funny

[Evan @StockMKTNewz]

WATCH OUT FOR THIS

JEROME POWELL STARTS SPEAKING IN EXACTLY 10 MINUTES

[Mike Bergmann @mrbergmann]

@zerohedge That Crowdstrike Employee: I screwed up at work today.
Wife: it’s ok honey it’ll be ok, what’s the worst that can happen, grind the entire world to a screeching halt? I’m sure it’ll fine.

[Citrini @citrini]

not true.

at one point the stock market consisted of 100% concentration in the Dutch East Indies company.

[*Walter Bloomberg @DeItaone]

NASDAQ 100 FUTURES ERASE DECLINE, HAS BEEN DOWN 2% EARLIER

[Citrini @citrini]

we out here trading bonds fr

[Citrini @citrini]

Great reading. Especially loved the risk management & code of ethics section.

I don’t keep up with the energy sector but I’m sure this company is doing excellent right now with such a strong understanding of applied energy derivatives & rich corporate culture.

[Citrini @citrini]

There is just a severe lack of understanding about the incentives here from most who wish to peddle this narrative. Those who are accusing Jensen of fraud should at least take the time to understand the business model. How would you like it if someone accused you of fraud without understanding what it is you do?

This really is my last ditch effort, I have explained accrual based accounting and H100 product mix and the coreweave deal but this meme still seems to exist and I am telling you in the most matter of fact way possible investors who think this is an actionable thesis will get burned. It’s almost irresponsible to use this platform to propagate this conspiracy like it is an actual investment thesis worthy of debate. It’s not. It really is not. I can’t be more clear. Here’s the deal, as straightforward as I can make it…

There is a quote that anyone who operates in finance should know: “show me the incentives and I will show you the outcome”.

Before I get into any of the technicals disproving the stuff above your question, let me lay this scenario out that those who are bandying about accusations and putting on positions without the work seem to be blissfully unaware of:

Jensen Huang has been working towards Artificial Intelligence - or at least the computing necessary to accomplish this kind of software - for nearly two decades. It was never his intention to be a company that just provided GPUs to gamers and enterprise, he wanted to usher in the era of parallel computing (that is, a processing unit that is good at doing many things at once, rather than one that excels at doing 8-16 things ultra in depth like a CPU). He saw the trend.

Now, in the year of our lord 2023, his literal life’s work has come to a realization. I am not exaggerating when I say that this man has essentially predicted the future in the way he’s positioned NVidia (a company he founded, if you’re unaware). Do you know how many trillion dollar companies there are in the world who’s CEO is also the founder? One. Literally one. It’s just NVidia. If you think that at this point Jensen is driven by money more so than self-actualization then perhaps these facts will change that perception.

So now we’ve established the incentive. Let’s estimate the outcome. Would you - having reached the precipice of acceleration as everything you have worked towards begins materializing, where you have taken a company from nonexistant to $1.2 trillion in the course of 3 decades, is THIS the moment you decide:

“Yes, now is the time to defraud investors and engage in financial shenanigans”

NOW???? Let me ask you - why not last year in October when the stock was down 70%? Why was nobody suspicious then? Do you think the incentives to cook the books are more pronounced when your stock has gone down every day for the past 3 months and you’ve shed nearly 3 quarters of your market cap or in this moment?

It does not make sense from this completely non technical standpoint.

Continuingn, the simplest way I can answer the original question;

Why coreweave? Because NVDA gets to choose the winners right now.

Nobody can buy a GPU. But NVDA gets to decide who to sell to.

What will Meta or Amazon do once Application Specific Integrated Circuits (or ASICs) allow them to cut NVDA out of the equation by using their own silicon or another company’s? Simple. They’ll cut NVDA out (or demand insanely cheap prices resulting in the commoditization of the technology).

This has been a concern for NVDA since 2017.

https://t.co/KjeNF70wp7

So Coreweave is the obvious solution. Their entire business model is cloud based GPUs. The present value of their future revenue is 10 or 20x, easily, to NVDA than MSFT provided they are able to scale. So NVDA has decided to sell them all the GPUs they need to ensure they do.

I really hope this (quite honestly here, and I hope you take no offense, but it needs to be said) asinine conspiracy theory soon dies.

[Chess NOT Checkers #217🇺🇸 @systemswindler]

@leadlagreport I think this $NVDA ER means the Top is in. Too much real world and stock market risk coming down the pipe in 1-2 months. Exit Liquidity phase currently

[InvestorTurf @InvestorTurf]

🚨BREAKING NEWS🚨

Robinhood Wins Case Over AMC, GME Stock Halts.

With a 3-0 ruling, the 11th U.S. Circuit Court of Appeals in Atlanta determined that Robinhood's regular customer agreement explicitly permitted the limitations and did not imply that Robinhood would approve all trading orders.

[Bill Ackman @BillAckman]

“On Wall Street, if you want a friend, buy a 🐶.”

[Citrini @citrini]

@agnostoxxx it has to be from the superconductiere region of France otherwise it’s just sparkling diamagnetism

[Alan Edward 🇬🇧 @TraderDivergent]

School teaches you not to make mistakes.

Trading teaches you to learn from them.

[fastreveal @fastrevealnews]

🇬🇧 UK #Mortgage Defaults on the Rise.
https://t.co/tWOUb5G7qW

[ForAmerica @ForAmerica]

@JoeBiden

[The Babylon Bee @TheBabylonBee]

@JoeBiden https://t.co/G83TxD26s5

[Elon Musk @elonmusk]

Bruh do you even AI

[The Maverick of Wall Street @TheMaverickWS]

WTF? 🤣