/nvg/ - CoreWeave edition

[Anonymous No.56103582]

New cover story just dropped today: https://investorplace.com/2023/09/nvda-stock-alert-nvidia-addresses-coreweave-rumors-at-citi-conference/

>nvidia addresses CoreWeave "conspiracy theory" at citi conference
>"we have a very small investment in CoreWeave"
>"the $2.3B GPU order is insignificant"
>meanwhile this $2.3B nearly amounts to 10% of NVIDIAs total 2022 revenue ($27B)

Is this just total gaslighting or am I missing something?

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[Anonymous No.56103595]

>generals
just sold, enjoy the ride to zero

[Snip-Sama No.56103627]

Anytime there's a general thread about a specific stock on /smg/ it's always a cope thread to make baggies feel better about hodling on a stock that's been dumping. NVDA to $100/share EOY

[Anonymous No.56103662]

>>56103595
>>56103627
the CoreWeave story is pretty bearish gents, might even call it a scandal. check out the resources linked in the previous thread

gotta use the NVIDIA picture and name to gather attention

[Anonymous No.56103663]

>>56103595
>>56103627
Retards this is a general about nvda lying to pump their stock price can you read?

[Anonymous No.56103746]

>>56103582
>>meanwhile this $2.3B nearly amounts to 10% of NVIDIAs total 2022 revenue ($27B)
Woah.

[Anonymous No.56104284]

>>56103627
if it's dumping why isn't dumping today??

[putsRnotDaWae No.56106124]

>>56103582
A good chainlink thread was lost due to this garbage spam. Buy a fucking ad you loser.

[Anonymous No.56106736]

>>56106124
thanks for the bump

[Anonymous No.56107368]

For those not in the loop, there have been some shady characters behind a tricky financial scheme that may be driving up the NVIDIA share price. Is big money using the AI hype to dump on retail? Is something even more sinister going on?

>CoreWeave starts as an ETH mining company headed by hedge fund managers who were deeply involved in carbon credit fraud during the mid 2000's
>CoreWeave pivots to GPU compute targeted towards AI as the AI hype starts growing
>CoreWeave gets a 2+ billion debt facility from Magnetar Capital who is known for playing both sides of the '08 crisis with CDOs.
>CoreWeave orders GPU's from NVIDIA with these funds and uses the chips as collateral for the loan from Magnetar
>This order from CoreWeave was a major factor of driving up NVIDIA's stock price, hence the entire market recently
>FinTwit and FinTube get ahold of the information and start asking questions
>Major red flags raised about those involved at every level. Shell companies, tax fraud, unethical dealings in their history.
>Ad hominem hit pieces and damage control articles come out attacking those asking questions
>Strawman is built: "Idiot low IQ conspiracy theorists! CoreWeave is not a shell company!" which was never said
>All legitimate concerns and criticisms are ignored. "GPU demand is very strong, Google and Microsoft can't get enough!" parroted.

CoreWeave's platform is currently very rudimentary, and building it out to convert billions in GPU's to a legitimate compute service seems a nearly insurmountable task given the current economic climate.

Why did NVIDIA choose CoreWeave instead of selling these chips to the big fish like Microsoft, Google, OpenAI, etc?

Why is everyone involved a sleazy scumbag? This whole thing smells like shit and combines the worst of Silicon Valley e/acc types and WallStreet grifters. A big financial engineering grift.

[Anonymous No.56107384]

More on the history of the CoreWeave founders:
>be early 2000s
>get into carbon credit trading under name NatSource
>given regulatory leeway by CFTC (headed by Gary Gensler at the time
>set up dozens of shell companies in Cayman Islands to trade credits
>$$$
>same schemes used called out by Interpol years later
>be today
>Gary Gensler now head of SEC
>???
>$$$

Some resources to get you up to speed:
https://www.youtube.com/@NobodySpecialFinance (CoreWeave series)
https://twitter.com/SamanthaLaDuc
https://twitter.com/kashyap286
https://open.spotify.com/episode/1ro0eHY9zzehCxiKB0uRwx?si=7280eb5fae984d3b