{"id":3806,"date":"2023-10-12T18:03:00","date_gmt":"2023-10-12T22:03:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=3806"},"modified":"2025-09-26T15:51:59","modified_gmt":"2025-09-26T19:51:59","slug":"nvidia-replaced-enron-in-sp-500","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/nvidia-replaced-enron-in-sp-500\/","title":{"rendered":"Nvidia Replaced\u00a0Enron\u00a0in S&P 500"},"content":{"rendered":"\n

Nobody<\/strong><\/span> believed Enron<\/strong> was a fraud<\/strong><\/span> until after it went bust<\/strong><\/span>. After the collapse<\/strong><\/span> of Enron<\/strong>, it was replaced<\/strong><\/span> in the S&P 500<\/strong> by Nvidia (NVDA)<\/strong>.<\/span><\/span><\/p>\n\n

NVDA<\/strong> was most likely a legit<\/strong><\/span> company prior to 2017 when they started selling GPUs<\/strong> to Ethereum miners<\/strong> while claiming those sales to be from gaming<\/strong>.<\/span><\/span><\/p>\n\n

After Ethereum<\/strong> switched to Proof of Stake<\/strong> from Proof of Work<\/strong>, NVDA<\/strong> was about to lose<\/strong><\/span> its #1 <\/strong><\/span>revenue stream<\/strong> and needed a new way to replace<\/strong><\/span> it. NVDA<\/strong> invented a new<\/span> concept<\/strong> of using GPUs<\/strong> in data centers<\/strong> and turned their most loyal Crypto client Atlantic Crypto Corporation<\/strong> into CoreWeave<\/strong>. It is laughable that CoreWeave<\/strong> thinks it is worth $8 billion<\/strong><\/span> because NVDA CEO Jensen Huang<\/strong> has endorsed it! What kind of CEO of a trillion-dollar<\/span> company<\/strong> has time to hang out at the tech expos<\/strong><\/span> of a client company like CoreWeave<\/strong>? Why would he do that?\n\n\n\n

\"\"<\/figure>\n\n\n\n

By doing so it convinces Magnetar Capital<\/strong> and Blackstone<\/strong> to loan<\/span> CoreWeave $2.3 billion to buy<\/span> NVDA GPU<\/strong>s to artificially <\/strong><\/span>boost<\/strong><\/span> NVDA’s earnings<\/span><\/strong>. All Magnetar Capital<\/strong> and Blackstone<\/strong> care about is exit <\/strong><\/span>liquidity<\/strong><\/span>!<\/span><\/span><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Magnetar Capital\u00a0is the same firm that was responsible for the\u00a0housing\u00a0bubble.<\/h3>\n\n\n\n
\"\"<\/figure>\n\n\n\n

If CoreWeave went public<\/span><\/strong> today there would be plenty of stupid people buying it despite the collapse<\/strong><\/span> of Birkenstock stock<\/strong> after its IPO<\/strong> this week.<\/span><\/span><\/p>\n\n

Guess who else is buying<\/span> Nvidia GPUs<\/strong> besides CoreWeave<\/strong>, which sells<\/strong><\/span> them to pennystock scam<\/span> companies<\/strong> like Sysorex (SYSX)<\/strong> for shares that they liquidate<\/strong><\/span> before those companies collapse<\/strong><\/span>?<\/span><\/span><\/p>\n\n\n\n

\n
\"\"<\/figure>\n<\/figure>\n\n\n\n

One of the largest new buyers<\/strong><\/span> of NVDA GPUs<\/strong> is Tether (USDT)<\/strong>, which is the single largest <\/strong><\/span>fraud<\/strong><\/span> in the Crypto<\/strong> market and laundered <\/strong><\/span>$30 billion<\/strong><\/span> through SBF’s Alameda Research<\/strong>!<\/span><\/span><\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Nobody believed Enron was a fraud until after it went bust. After the collapse of Enron, it was replaced in the S&P 500 by Nvidia (NVDA). NVDA was most likely a legit company prior to 2017 when they started selling GPUs to Ethereum miners while claiming those sales to be from gaming. After Ethereum switched […]<\/p>\n","protected":false},"author":1,"featured_media":3816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[104,78,8],"class_list":["post-3806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-crypto","tag-nvda","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/3806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=3806"}],"version-history":[{"count":4,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/3806\/revisions"}],"predecessor-version":[{"id":3820,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/3806\/revisions\/3820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/3816"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=3806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=3806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=3806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}