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More investors should try activism, that would help hard sloggers like @DanielSLoeb1 who pioneered this idea. If more were to join, the world could actually become a better place. Instead we have funds managing trillions sleepwalking their clients' money to the grave. 🪦
Ric₿ezos retweeted
NYT has responded to my post by claiming that I’m “spreading conspiracy theories.” But which of us is the one trafficking in unsubstantiated allegations?
Recent coverage (including CNN, which I QT’d) shows:
— The intelligence community has not established conclusive evidence that Alice Huang knowingly acted as a spy or funneled information to Beijing.
— There is internal disagreement about the strength of the evidence and whether she was recruited by the MSS.
— Attorney General Todd Blanche has said on the record that the Justice Department, he, and FBI Director Patel have reached no conclusions about “who she is or is not.”
— Some officials at ODNI and CIA have indicated the “Chinese spy” label is not fully accurate or is “over-torqued” based on the available intercepts and collection.
— Incoming House Intelligence Chairman Jim Himes, a Democrat, said it was still unclear whether Alice Huang was a Chinese spy immediately after he was briefed.
NYT’s stories (which have alleged “Chinese spy” dozens of times) have relied exclusively on anonymous officials. No official has gone on the record affirming it as established fact, and the more recent reporting reflects greater caution and disagreement inside the government.
So when I point out that the spy narrative is unconfirmed and increasingly contested, that is not a conspiracy theory. It’s a growing body of evidence that indicts the NYT’s reporting.
Bombshell story. The spy narrative is collapsing already.
Is there clear & convincing evidence that Alice Huang was a Chinese spy?
- AG says no. (“no conclusions reached”).
- CIA says no. (“not yet convinced”).
- DNI says no (“not entirely accurate and over-torqued”).
- Ranking Democrat on House Intelligence (incoming Chairman) says no. (“today, at least, I don’t know”). This was immediately after he was briefed.
Who argues otherwise? Anonymous officials tell CNN “it strains credulity to believe that she was not acting as an agent of the Chinese government — simply by virtue of the fact that she is a successful Chinese businesswoman working with one of America’s most powerful companies.”
This is their proof after a year of investigating and surveillance? That she was a “successful Chinese businesswoman”?
At this point, the only crime that we know for sure happened is the leaking of the classified memo. Who did that and why?
An investigation should be opened.
He has a point. Many Boards regard shareholders as an afterthought, especially when times are good. Let's see now what happens to $NVDA, they are already working off a low base.
Would be beyond honored. He should fire the board and take back the company. Look at the board of $NVDA . The lead director is some lawyer whose firm is exactly the thing AI should render extinct. And then a bunch of others who are all big company bureaucrats.
What I learned about these professional board members is that the whole thing is a total sham. They care more about themselves and their bullshit irrelevant reputations than about growth or winning. I bet you many of them are doing much worse things themselves but too hypocritical to admit it.
Getting paid $300k per year , staying in fancy hotels every board meeting with their spouses or “others”, showing up to meetings having never read the materials, being on 5 other boards where they do the same. It’s a retirement plan for corporate bureaucrats.
Entrepreneurs need to band together and put an end to all this “independent” board member bullshit. Independent usually means “no skin in the game”.
I have some further thoughts I have learned here about boards and particularly independents. Will put down shortly.
$BETR
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Ric₿ezos retweeted
David Walliams OBE
Rolf Harris CBE
Huw Edwards MBE
Stuart Hall OBE
Sir Jimmy Savile
Sir Cyril Smith
Sir Jeffrey Donaldson
Lord Peter Mandelson
Lord Nazir Ahmed
Lord Greville Janner
Prince Andrew
Anyone see a pattern here?
Ric₿ezos retweeted
JENSEN HUANG HAS HIRED THE LAW FIRM PAUL WEISS AND ITS LITIGATORS MELINDA HAAG AND WALTER BROWN - NYT
There may be some obstacles but with Jensen on board at $SMCI, they would likely to go to hundreds of billions in market cap fairly quickly and be the dominant innovative player in AI infrastructure build outs underpinned by their favorite customer, SpaceX / Tesla.
I think @JensenHuang could do a great job at $SMCI what do you think @charlesliang ? It's a long road ahead with tremendous potential to add value.
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I think @JensenHuang could do a great job at $SMCI what do you think @charlesliang ? It's a long road ahead with tremendous potential to add value.
Inverse? $NVDA
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This is a bit funny, Baird's model says CEO caught with his pants down so we accordingly reduce our valuation by roughly the size of a top European economy. Has the world gone mad? $NVDA
BAIRD SLASHES NVIDIA PRICE TARGET 60%, WARNS OF AI SLOWDOWN
Baird downgraded Nvidia ($NVDA ) to Neutral from Outperform, slashing its price target to $200 from $500.
Analyst Tristan Gerra warns that 2027 data-center forecasts face delays amid supply constraints, potentially softer demand and reduced visibility.
Hyperscaler AI spending growth could slow to 40% or less in 2027, while 10–30% of channel orders may face preemptive cuts.
Despite strong H300 demand, Baird also flags uncertainty surrounding CEO Jensen Huang's tenure into 2027.
The warning: Nvidia's AI business remains strong, but growth expectations and leadership risks could weigh heavily on the stock.
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Something very top secret going on here, Bessent knew nothing about it. Trump probably did. Wish we had @ScottAdamsSays to decipher it all.
BESSENT CONFRONTS LUTNICK OVER NVIDIA CHINA CHIP SCANDAL
Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick over his failure to blacklist Megaspeed, an Nvidia ($NVDA ) customer accused of diverting US chips to China.
According to Axios, Lutnick replied: “I don't know. I'll look into it.”
Sources allege Lutnick resisted action despite intelligence warnings, fearing an escalation of the US-China trade war.
The confrontation deepens scrutiny of Nvidia's China ties and the administration's handling of chip export restrictions.
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#THAT much unloved nanocap Thalia Therapeutics on the UK market, could be the next Silence Therapeutics as per their RNS today. It's a long road but tickets for the ride seem reasonably priced at 0.6p.
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Ric₿ezos retweeted
$SMCI pierced 30. Dealers defended that call wall for 3 sessions. The tape just took it. Scored in public.
Seen on a ~15m delayed feed.
If the US is leading in AI, the market may be missing the potential for non-US growth to follow. Before the AI growth spurt, Supermicro was generating 40% of its revenues in non-US markets, it now only generates 20% due to US demand. $SMCI appears to be on a very long runway.
Sometimes you just need to leave FinTwit for a minute or two to remind yourself how little the outside world cares about anything we're agonizing over in here.
My best friend is an IT guy in Seattle. American, advanced degree, 50s, male, extremely active social life.
In the past 20 minutes, I have learned that he has never *heard* of any of the following:
›Jensen Huang
›Scott Bessent
›Coreweave
›Anthropic IPO
This place is such a ridiculous bubble.
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