New Conspiracy Theory Alert!
Turns out if you point out the Magnetar Capital guys using CoreWeave to send NVDA shares skyward, you're a conspiracy theorist. We know what that means...
I’m not asking you to believe a Twitter Rando. I’m not asking you to get your investment advise from YouTube. I’m asking you to just look. The links are down in the description. Just bother to look.
I don’t know who Nobody Special is or what his real name is, but I don’t think you can argue his conviction. After his three-part YouTube deep dive on CoreWeave, the defense of NVIDIA NVDA 0.00%↑ from the corporate financial media has begun and it’s really less of a defense of NVIDIA and more of a smear offense against people like Nobody Special, Kashyap Sriram, and Samantha LaDuc. Nobody Special’s latest:
Look, NVDA shareholders have had an absolutely magnificent run over the last year. The stock has rallied nearly 400% from an October 2022 low of $108 per share up to about $500 in late August. Driven largely by the hype around artificial intelligence and the need for GPUs in data centers that offer cloud computing services, NVDA shareholders have clearly been well rewarded as the company has beat earnings for three consecutive quarters. But there are reasons bulls may want to exercise caution from here beyond just the CoreWeave “conspiracy theory.”
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