yes, it’s incredible because not only it’s a round trip of the same money, it requires each participant in the chain to pull 3 miracles in perfect order…
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I’m almost completely certain that Huang doesn’t give a fuck, considering their datacenter-oriented sales are just printing money at this point.
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Except there is no actual money, just equity being moved about.
I know - the blatant round-tripping is utterly fucking insane, considering how much that tactic contributed to the .com bubble as well as 2008.
Also, fantastic visual representation of the situation lmao
yes, it’s incredible because not only it’s a round trip of the same money, it requires each participant in the chain to pull 3 miracles in perfect order…
It works because it somehow convinces some investors, and then others are just speculating on how long the equity spin cycle will keep going.
It’s like a game of hot potato but the potatoe gets hotter with each pass.