SQ2 0.55% $96.17 block inc.

Ann: Form 8-K Current Report, Items 2.02 and 9.01, page-69

  1. 830 Posts.
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    That's quite interesting. I don't know how true it is, so if you're a holder of nVidia stock you might want to try and verify some of those claims... but nVidia or any company actually making things that are in high demand are always going to do well - Magnetar or CoreWeave might have some less than altruistic motives, but the worst that will happen is nVidia's stock price might return to a more grounded price but they will otherwise be trading as strong as ever.

    During the goldrush the most profitable and sustainable business were selling shovels, and that's exactly what nVidia are doing and are doing well.

    CoreWeave and Magnetar are digging holes looking for gold - they may or may not find any gold, but they had to buy the shovels from nVidia to find out.
 
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