Investing Thread

[Uncle Rico]

NVDA stock continues to get crushed today. And then there's this from the NYT ..,

President Trump was told aboard Air Force One in May en route to China that the United States had obtained sensitive intelligence showing that Nvidia's chief executive was in a relationship with a woman believed to be a Chinese spy, people with knowledge of the matter said.

The message was delivered by Marco Rubio, his secretary of state and national security adviser, shortly before the Nvidia leader, Jensen Huang, joined the presidential trip to Beijing at Mr. Trump's invitation. It marked at least the second time in seven months that the president had been told of intelligence about Mr. Huang's involvement with the woman.

The existence of the previously unreported update given to Mr. Trump contradicts the president's assertion on Monday that he had not known at the time of the trip about Mr. Huang's relationship with the woman, who U.S. officials had concluded was working for China's Ministry of State Security.

"No, I didn't hear about it then," Mr. Trump said when asked at a news conference whether he knew about Mr. Huang's ties to the woman when he headed to a summit meeting with Xi Jinping, China's leader.

What did Pelosi know and when? 

[TSmith34, Inc.]

The existence of the previously unreported update given to Mr. Trump contradicts the president's assertion on Monday that he had not known at the time of the trip about Mr. Huang's relationship with the woman, who U.S. officials had concluded was working for China's Ministry of State Security.

"No, I didn't hear about it then," Mr. Trump said when asked at a news conference whether he knew about Mr. Huang's ties to the woman when he headed to a summit meeting with Xi Jinping, China's leader.[/i]

The reporting is that Trump was told this in October 2025. In a complete coincidence, Nivida donated $25M to the ballroom in October 2025, and Trump decided to do nothing with the information about the Chinese spy.

A dollar in his pocket will ALWAYS win out over the national security of the United States.

[Uncle Rico]

The reporting is that Trump was told this in October 2025. In a complete coincidence, Nivida donated $25M to the ballroom in October 2025, and Trump decided to do nothing with the information about the Chinese spy.

A dollar in his pocket will ALWAYS win out over the national security of the United States.

How much did Pelosi make?

[MU82]

Inflation 1, Paychecks 0

[MU Fan in Connecticut]

Inflation 1, Paychecks 0

The winning is unprecedented!

[TSmith34, Inc.]

Inflation 1, Paychecks 0

Biden's fault

[jesmu84]

The winning is unprecedented!

Am I the only one who has stock that's bringing my net worth into the billions?

Can't believe we have so many poors around here

[TSmith34, Inc.]

Am I the only one who has stock that's bringing my net worth into the billions?

Can't believe we have so many poors around here

It's not my fault. I took Heisy's advice and sold all my AAPL and invested it in Melania's memecoin

[Pakuni]

@WSJ
Breaking: Nvidia's board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy. https://on.wsj.com/4jcpr01

[Uncle Rico]

@WSJ
Breaking: Nvidia's board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy. https://on.wsj.com/4jcpr01

Why? 

[MU82]

@WSJ
Breaking: Nvidia's board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy. https://on.wsj.com/4jcpr01

Ladies and Gentlemen, your new Labor Secretary.

[jesmu84]

At any point, is there going to be pushback on these IPO rugpulls?

The private investors get cash to buy assets and the general public gets their 401k raided.

[tower912]

@WSJ
Breaking: Nvidia's board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy. https://on.wsj.com/4jcpr01

Musk says he loves the Huang and would hire him.

[TSmith34, Inc.]

The reporting is that Trump was told this in October 2025. In a complete coincidence, Nivida donated $25M to the ballroom in October 2025, and Trump decided to do nothing with the information about the Chinese spy.

A dollar in his pocket will ALWAYS win out over the national security of the United States.

From the Atlantic:

"As news of Huang's extramarital affair with a suspected Chinese spy rocks Silicon Valley, Washington, and Wall Street, President Trump has pleaded ignorance. In particular, he has said he was unaware of the relationship between Jensen Huang and Alice Huang (no relation) when he traveled to China this past May. "No, I didn't hear about it then," he told reporters on Monday.

Almost immediately, The New York Times reported that in fact Trump had been warned by Marco Rubio, the national security adviser and secretary of state, while headed to China on Air Force One, just before Jensen Huang boarded the plane for a state visit. (In fact, Trump may have been told even before then: The paper previously reported that Trump was notified about intelligence findings on the relationship last year as well.)

A few important features of Trump's approach to the presidency are on display here. First, he has abandoned the pretense of being tough on China, a major talking point during his first presidential run and term. Second, he ignores any intelligence findings that contradict his instincts. Third, this is the latest evidence that, as I wrote last January, Trump does not care about U.S. national security. That doesn't mean he's actively hostile to it, or a saboteur; he's just indifferent to anything but his own interests.

Trump said in recent days that Huang "probably has an excuse for" the affair."

[Uncle Rico]

From the Atlantic:

"As news of Huang's extramarital affair with a suspected Chinese spy rocks Silicon Valley, Washington, and Wall Street, President Trump has pleaded ignorance. In particular, he has said he was unaware of the relationship between Jensen Huang and Alice Huang (no relation) when he traveled to China this past May. "No, I didn't hear about it then," he told reporters on Monday.

Almost immediately, The New York Times reported that in fact Trump had been warned by Marco Rubio, the national security adviser and secretary of state, while headed to China on Air Force One, just before Jensen Huang boarded the plane for a state visit. (In fact, Trump may have been told even before then: The paper previously reported that Trump was notified about intelligence findings on the relationship last year as well.)

A few important features of Trump's approach to the presidency are on display here. First, he has abandoned the pretense of being tough on China, a major talking point during his first presidential run and term. Second, he ignores any intelligence findings that contradict his instincts. Third, this is the latest evidence that, as I wrote last January, Trump does not care about U.S. national security. That doesn't mean he's actively hostile to it, or a saboteur; he's just indifferent to anything but his own interests.

Trump said in recent days that Huang "probably has an excuse for" the affair."

I'm surprised he hasn't condemned the extramarital affair.  He's the leader of the political party of family values.

[MuggsyB]

Heads need to roll with this Nvidia debacle.  There's no way to defend this. 

[tower912]

Or Huangs need to be cut off.   BTW, he resigned.   

Of interest to me is whether there is verifiable proof that the administration knew about it, took him on a trip anyway, and accepted a bribe from him knowing about his indiscretions with a spy.

[Uncle Rico]

Heads need to roll with this Nvidia debacle.  There's no way to defend this. 

Yes, we need to hold the White House accountable.  I agree.

[CreightonWarrior]

The NVDA scandal is a breath of fresh air as it's finally not the white man being persecuted.

[MU82]

Musk says he loves the Huang and would hire him.

People are saying that Elon wants to have children with Jensen. If they have a dozen together, maybe one will actually like Elon.

[jesmu84]

Or Huangs need to be cut off.   BTW, he resigned.   

Of interest to me is whether there is verifiable proof that the administration knew about it, took him on a trip anyway, and accepted a bribe from him knowing about his indiscretions with a spy.

Why is your second paragraph interesting? There won't be any accountability

[JWags85]

At any point, is there going to be pushback on these IPO rugpulls?

The private investors get cash to buy assets and the general public gets their 401k raided.

Pushback in what way?  Unless there is something else you're referring to or suggesting, its a byproduct of market bubbles that have existed for centuries.  If you have a fundamental problem with the stock market in general, which given what I know about you might be true, that's a different argument/discussion.

However, nobody is forcing the public/retail investors to buy wildly overpriced IPOs.  You can look back in this thread at some of the stuff that myself, and others, said about the SpaceX IPO or AI valuations.  I'm not a Musk hater, I've always thought SpaceX was a pretty incredible company (the best of anything Musk has been involved with, IMO) and have been bullish on the ways its changed space utilization and rockets...but I wouldn't have touched the IPO with a 6,200 mile pole.  Valuations and buzz were way over done and I couldn't see any reliable risk vs return at the IPO prices.  But I knew plenty of people, some otherwise smart and non-novice investors who were desperate to get into it.

Same can be said about AI companies and valuations.  People just think/assume "stocks always go up" and AI is constantly talked about as this huge potential frontier/goldmine, so who cares if the valuation is insane, its gonna keep going up cause its just the beginning, right?

But its really no different than the Dotcom bubble in the 90s.  People paid insane sums for silly companies that were drastically overvalued because they NEEDED to have that internet investment exposure.  But now its even more inexcusable, IMO, for retail investors and the general public because of how much information and research materials are out there in the public domain.

Back to my initial paragraph, there is also just a lot of inherent passing of risk from private investors/founders to the general public in any IPO, even those of great and profitable and robust companies.  They are a way to raise capital, of course, but also allow people to cash out on money that had been otherwise invested and locked up in companies for years.  Sometimes it works, sometimes it doesn't.

I do feel bad for people bought SpaceX at 200 (or even 170) who are under water.  And I'll feel bad for people who eventually get run over by pullbacks in AI names that go public.  But unless its blatant Theranos level fraud or corporate malpractice, I still can't help but place blame on people who invest like lemmings.  You can say "oh there is shady accounting about XYZ in SpaceX" or "those revenue numbers for (insert AI company) were creatively crafted"...but most of these people getting rugpulled aren't pouring over 10-Ks or balance sheets, they are momentum/buzz chasing.

[TSmith34, Inc.]

Why is your second paragraph interesting? There won't be any accountability

Historically accurate, but I have the sense that it is different this time. (My innate Gen X cynicism is weirdly MIA right now).

The first step towards accountability happened last Tuesday. The administration and associated co-conspirators are absolutely terrified, with the tell being Blanche's hilariously impotent yappings that oversight itself is criminal.

I think the difference this time is going to be 1) the shear depth, breadth, and magnitude of the criminality, and 2) that the crimes are committed out in the open. It's not like we need Woodward and Berstein to break a hidden story, the Trump administration commits three Watergates per day and then brags about them.

[TSmith34, Inc.]

I'm not a Musk hater

Why not? You should be.

Anyone with a moral compass should be.

[Hards Alumni]

Pushback in what way?  Unless there is something else you're referring to or suggesting, its a byproduct of market bubbles that have existed for centuries.  If you have a fundamental problem with the stock market in general, which given what I know about you might be true, that's a different argument/discussion.

However, nobody is forcing the public/retail investors to buy wildly overpriced IPOs.  You can look back in this thread at some of the stuff that myself, and others, said about the SpaceX IPO or AI valuations.  I'm not a Musk hater, I've always thought SpaceX was a pretty incredible company (the best of anything Musk has been involved with, IMO) and have been bullish on the ways its changed space utilization and rockets...but I wouldn't have touched the IPO with a 6,200 mile pole.  Valuations and buzz were way over done and I couldn't see any reliable risk vs return at the IPO prices.  But I knew plenty of people, some otherwise smart and non-novice investors who were desperate to get into it.

Same can be said about AI companies and valuations.  People just think/assume "stocks always go up" and AI is constantly talked about as this huge potential frontier/goldmine, so who cares if the valuation is insane, its gonna keep going up cause its just the beginning, right?

But its really no different than the Dotcom bubble in the 90s.  People paid insane sums for silly companies that were drastically overvalued because they NEEDED to have that internet investment exposure.  But now its even more inexcusable, IMO, for retail investors and the general public because of how much information and research materials are out there in the public domain.

Back to my initial paragraph, there is also just a lot of inherent passing of risk from private investors/founders to the general public in any IPO, even those of great and profitable and robust companies.  They are a way to raise capital, of course, but also allow people to cash out on money that had been otherwise invested and locked up in companies for years.  Sometimes it works, sometimes it doesn't.

I do feel bad for people bought SpaceX at 200 (or even 170) who are under water.  And I'll feel bad for people who eventually get run over by pullbacks in AI names that go public.  But unless its blatant Theranos level fraud or corporate malpractice, I still can't help but place blame on people who invest like lemmings.  You can say "oh there is shady accounting about XYZ in SpaceX" or "those revenue numbers for (insert AI company) were creatively crafted"...but most of these people getting rugpulled aren't pouring over 10-Ks or balance sheets, they are momentum/buzz chasing.

Okay... but he wasn't talking about individual retail purchasers.