Niko (@nikodemuskell) header
Niko (@nikodemuskell) profile picture

Rugged Individualist. I say what I think from behind a Rorschach mask. Every club I applied to said no.

Brooklyn, NY
Joined June 2008
Photo by Niko (@nikodemuskell)Photo by Niko (@nikodemuskell)Photo by Niko (@nikodemuskell)Photo by Niko (@nikodemuskell)Photo by Niko (@nikodemuskell)Photo by Niko (@nikodemuskell)Photo by Niko (@nikodemuskell)Photo by Niko (@nikodemuskell)Photo by Niko (@nikodemuskell)
I am old enough to remember that we did the whole AI thing to stay ahead of China, and then Jensen Huang - at the center of the third and final cycle of his career - behaving like this.
The story keeps getting crazier. To recap everything that has been reported so far: - The US intelligence community discovered that Jensen Huang, the CEO of the largest company in the world, was sleeping with Alice Huang, a Chinese spy and an executive at Megaspeed. (FT) - Multiple independent investigations have concluded that Megaspeed is likely a Chinese cutout, which helps Chinese companies access AI chips or circumvent export controls. (NYT and Bloomberg) - The US intelligence community also concluded that Alice Huang’s goal was to convince Jensen to lobby the U.S. government to loosen export controls on advanced AI chips. (NYT) - The intelligence community relayed this information to “a small group of top US government officials” earlier this year. (FT) - Over the last year, Jensen Huang has repeatedly lobbied the U.S. government to loosen export controls on advanced chips. @BISgov has done so, not only by permitting the export of H200 chips to China, but also not enforcing export controls that would have required a license for exports of the most advanced Blackwell chips to Megaspeed and Southeast Asia. - Although @CommerceGov leadership was presumably briefed on this information by the U.S. intelligence community, @BISgov has taken no actions to tighten controls on Megaspeed or Southeast Asia. - Megaspeed remains a preferred cloud partner of Nvidia, and continues to receive Nvidia Blackwell chips despite employing a Chinese spy who reportedly is romantically engaged with the CEO of Nvidia. - Tens of billions of dollars worth of AI chips have been exported to Southeast Asia this year alone, and Malaysia and Singapore are now two of the four largest importers of AI chips in the world. What is going on here??? We need answers. The question of who gets the most advanced AI chips in the world is literally the defining strategic question of our time. And not only does it seem like the MSS may be directly influencing the debate on export controls in the United States, but also @CommerceGov is refusing to listen to the warnings of the IC on this issue. What is a POSSIBLE good explanation for why Megaspeed is still receiving chips? Why is there not a license requirement for AI chip shipments to all of Southeast Asia? This is beyond strange at this point. The fallout from this story will be massive. Obviously, the motivations underpinning Nvidia’s policy views opposing export controls must now all be questioned. But also, how did @BISgov sit on this information and has still taken no actions? We need answers.
124
$SNAP back to a $4 handle, while Evan is busy with effective altruism (since his hag of a wife needs to feel relevant) and shooting commercials with Downey Jr.
1
118
Gold 4,133, up almost 200 from Tuesday's 3,940 close. Silver 52.9. Brent back to 97 from 94.6 with everybody pricing peace in Iran. 10y stuck at 4.90%. Oil was a big overhang on gold.
46
$SPX ripped 1.6% to 7,688 on gridlock. ES is flat at 7,720 this morning and all the damage is in chips. $QCOM -12%, $ARM -7.5%, $AMD -6.4%, $MU -5%. Kospi -5.3% overnight. Bulls want ES over 7,738, the overnight high. Lose 7,691 and the gridlock rally was a one day story.
93
$SNAP could break $5 on the downside again. Spiegel needs to go, as it is a constant slow bleed with him and 'Bobby' in charge
1
122
They keep on shuffling money between semis, Muskverse and AI stocks (e.g. neoclouds) taken to the shredder, and $msft $amzn, healthcare and Dow stocks
1
66
Gold sustaining a bid overnight after a massive day --> debasement trade back on
35
$Snap-ped. Maybe SpieTARD will talk about SPECS
36
The only hope for Republicans is that, during the Vance transition after the inevitable resignation of the traitor at the White House, Elon Musk, Palmer Luckey and Thiel join forces with Ron De Santis as the standardbearer. Otherwise America is going to become UK in no time.
65
Imagine moving to Texas to avoid California. And then THIS
32
The orange retard has thrown his legacy in the toilet, will lose uncounted money to so many people and after pardons upon pardons he is better retiring in Israel or Saudi Arabia than dealing with a mess without precedents.
47
Cramer on the verge of a blowup Equal weight $RSP +0.8% and $HD +3.6% today. Money rotates into paint and home improvement while the AI trade degrosses during the day and nibbles bavk overnight.
1
41
$MRVL buys $LITE for $115B, all stock. Marvell -12.7%. Lumentum -18.6%. Both sides of the deal lost money on announcement day. In the 'Bethroted', one of the most memorable quotes in the first chapter is "Questo matrimonio non s'ha da fare, nè domani nè mai!"
55
Bessent finally got his lower yields. 10y down 36 bps in October to 4.93%. Cost him a Nasdaq 100 down 6.7%, semis down 16.6% and $INTC down 45%. Great trade.
88
It goes real fast and as suspected it was subsidized to incentivize early use.
Replying to @DogecoinNorway
The cost of serving Grok Bot was unsustainably high relative to revenue
42
'Super ricchi' means 'ultra rich', which in Italy apparently you are if you have EUR 800k in unrealized gains in financial assets. SMH
JUST IN: ITALY EXIT TAX 🇮🇹 Italy proposes a 26% exit tax on unrealized investment gains for people leaving the country from 2027. It’d apply to those with €800k+ in relevant assets who were tax residents for at least 6 of the last 10 years. I've been warning you: European countries are bankrupt and will try to seize your assets. The exit is closing.
56
Because he has never assumed the Petrine munus.
Veo con lamento un montón de católicos que en su ignorancia, no logran comprender la gravedad del asunto, y la negación doctrinal que implica, que un Papa vote en unas elecciones. Robert Prevost YA NO EXISTE desde el instante en que adoptó otro nombre y asumió el ministerio petrino. Ya no es estadounidense, peruano, italiano, etc… es el Sucesor de Pedro. Es esta necesidad incomprensible de vivir agradando a este mundo…
36
Trading desks operate exactly like illustrated...!
Jim Cramer is a legend
34