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Source: https://www.nasdaq.com/market-activity/stocks/nvda/sec-filings

Form 144

Persis Drell - $3,010,800

Tench Coxe - $37,900,000.00 - This guy is the definition of diamond hands. Held for 26 years before selling.

https://www.cnbc.com/2023/05/29/record-youth-unemployment-stokes-economic-worries-in-china-.html

“Official data shows urban employment among the 16- to 24-year-olds in China hit a record 20.4% in April – about four times the broader unemployment rate.

“This college bubble is finally bursting,” said Yao Lu, a professor of sociology at Columbia University in New York.

The scourge of underemployment is another issue that Chinese youths and policymakers have to grapple with.”

The time it takes for Democrats and Republicans to sign the budget after reaching an agreement on raising the debt ceiling can vary depending on the specific circumstances and negotiations involved. There is no fixed timeline for this process, as it can be influenced by factors such as the urgency of the situation, the level of agreement or disagreement on specific budgetary items, and political dynamics.

The impact of the budget agreement on stocks and bonds can also vary depending on various factors, including the details of the budget, market conditions, and investor sentiment.

A failure to reach an agreement and a potential government shutdown or default can create uncertainty and volatility in the markets, which can have a negative impact on stocks and bonds. Investors may become more risk-averse, leading to a decline in stock prices and a flight to safer assets such as government bonds. It is worth noting that the impact can be temporary and dependent on the specific circumstances and market sentiment at the time.

The debt ceiling agreement includes a provision that restarts student loan repayment 60 days after the bill is signed. This is going to suck money out of millions of Americans who haven't paid student loans for 3 years. This is significant considering student loan repayment cannot be circumvented as they will go after your wages and garnish it.

The average America consumer is already scraping by due to high inflation. The student loan will finally be the nail in the coffin for this irrational market

Get ready to see the trepussies of your favorite politicians this week because the U.S. Treasury has just taken a scandalous turn to raise the debt ceiling. In a surprising move, the U.S. Treasury has decided to venture into uncharted territories by creating its very own OnlyFans account. As it seems, the Treasury is looking to diversify its income streams, and they're pulling out all the stops 🚀🏛️💥

Now, you might be wondering, what could the U.S. Treasury possibly offer on an adult content platform? Well, prepare to witness a side of politicians you've never seen before as they shed their tailored suits and step into the realm of sultry, seductive content. Say goodbye to stuffy press conferences and boring policy debates, and hello to a world where power meets pleasure! The trepussies are out, and there's no turning back now!

https://www.imf.org/en/News/Articles/2023/05/26/united-states-of-america-staff-concluding-statement-of-the-2023-article-iv-mission

“Given the important uncertainties facing the U.S. economy, it will be essential for the Federal Reserve to communicate carefully how it assesses the incoming data and to provide clear guidance on what this means for its expected path of the policy rate.”

“In this regard, greater emphasis should be placed on the need for interest rates to remain at high levels for an extended period of time. This may help align financial conditions more closely with the intended path for policy.”

Nvidia almost died 3 times in its 30-year history.

CEO Jensen Huang shared these near-death stories at a commencement speech last night.

Here's what he said:

LESSON 1: Have the humility to confront failure and ask for help

Nvidia's first big 3D chip contract was for Sega's new game console.

From Jensen:

"After one year of development, we realized our architecture was the wrong strategy...

I contacted the CEO of Sega and suggested that they should find another partner. But I also needed Sega to pay us in full or Nivida would be out of business.

I was embarrassed to ask. The CEO of Sega, to his credit and to my amazement, agreed. His understanding and generosity gave us six months to survive.

Confronting our mistake, and with humility, asking for help, saved Nvidia. These traits are the hardest for the brightest and most successful."

LESSON 2: Endure the pain and suffering needed to realize your dream

In 2007, Nvidia announced CUDA, a new computing model for GPUs.

From Jensen:

"Creating a new computing model is incredibly hard...Nvidia's profits took a significant hit...

We suffered many years of poor performance.

Our shareholders were skeptical of CUDA and preferred we focused on improving profitability. But we persevered...

This journey forged our character to endure the pain and suffering that is always needed to realize a vision."

LESSON 3: Make sacrifices for your life's work

In 2010, Nvidia had the lead in the mobile chip market. But then the competition came in.

From Jensen:

"The phone market is huge; we could have chosen to fight for share. Instead, we made a hard decision and sacrificed the market...

Nvidia's mission is to build computers to solve problems that ordinary computers cannot.

We should dedicate ourselves to realizing our vision...

Our strategic retreat paid off. By leaving the phone market, we opened our minds to invent a new one.

To retreat from a giant phone market to create a $0 billion market was a risky move, but it paid off.

Retreat does not come easily to the brightest people, yet strategic retreat, sacrifice, and deciding what to give up is at the very core of success."

//

Jensen wrapped up the speech with this:

"Run don't walk. Either you're running for food, or you are running from being food:

1. Have the humility to confront failure and ask for help.
2. Endure the pain needed to realize your dream.
3. Make sacrifices for your life's work."

Damn, this give speech gives me Steve Jobs vibes. I am even more impressed with Nvidia’s leadership now as a shareholder.

Only a single person lined up to buy a new RTX 4060TI in Japan. Puts.

https://videocardz.com/newz/only-one-person-showed-up-at-popular-japanese-pc-store-to-buy-geforce-rtx-4060-ti-at-launch

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