from24/7 Wall St.
1 day agoNvidia (NVDA) Investors Are Playing With Fire
Doug argues that by investing in OpenAI while openAI in turn buys Nvidia chips, a relationship between the two companies is artificially boosting revenue and misrepresenting the company's financial health. Doug cites a Wall Street Journal report noting that OpenAI received warrants for up to $160 million AMD shares at just one cent per share, calling the deal "bogus" and potentially in violation of accounting standards.
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