From Ed Zitron’s newsletter: “NVIDIA is an aggressively and unashamedly dodgy company that has done everything and anyth...

From Ed Zitron’s newsletter: “NVIDIA is an aggressively and unashamedly dodgy company that has done everything and anything necessary to sustain its growth, deploying about half of its Fiscal Year 2026 revenue to plugging holes in an ecosystem to make everybody ignore one horrible detail: that buying NVIDIA GPUs is a shitty deal for anybody other than Jensen Huang. If it wasn’t, hyperscalers would be screaming about the incredible, actual revenues from their $1.4 trillion or so in capital expenditures. If it wasn’t, CoreWeave wouldn’t be an ever-expanding timebomb that requires a few billion dollars every two months or so, nor would it have to hand billions to IREN, Firmus, Nscale, Lambda, and every other neocloud to buy its chips, or have to agree to rent said chips back from Firmus, Lambda, CoreWeave, or have to backstop Nscale’s lease with Anthropic.These are the actions of a company actively manipulating the marketplace by operating on the fringes of finance law…” #NVIDIA #JensenHu...