Locator: 51769NVDA.
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The Thinking Machine:
Jensen Huang, Nvidia, and the World's Most Coveted Microhip
Stephen Witt, c. 2025.
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The Implosion
p. 83
Of note:
Between the summer of 2001 and the fall of 2002, Nvidia's stock price declined more than 90 percent.
Huang's wealth plummeted with it.
The problems started in January 2002, when the SEC opened an investigation into Nvidia's accounting ..... similar investigations at Worldcom and Enron ... the accounting scandal occurred during one of the worse bear markets in history. Suffering under the simultaneous bursting of the dot-com bubble, the 9/11 attacks, and the Enron bankruptcy, the S&P 500 lost nearly half its value. Coincident with these misfortunes, Nvidia started squabbling with Microsoft.
In September 2026:
- public hysteria over AI, large data centers, power, water
- President Trump to appoint an AI czar and an AI Force (like Space Force)
- the political quagmire in the Mideast
- high diesel prices
- a possible bankrutcy
- watch Oracle
- the squabble between OpenAI and Anthropic (already, the Anthropic IPO has been delayed twice); and,
- now, the Fed is ready to pound in the final nail -- starting to raise rates
Link here. Link: https://share.google/aimode/IEztghw2YRdXINn8n.
