Cardano blockchain, web3, decentralization supporter
Joined December 2022
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Freeman retweeted
🇺🇸🇨🇳 This just got MUCH bigger.
A highly classified memo circulated inside the Trump administration last spring warning that Nvidia CEO Huang was in a close relationship with a woman U.S. intelligence believed had been recruited by China’s top spy agency.
And Sec. Rubio reportedly OVERSAW the drafting of that warning.
The intelligence said Alice Huang was tasked with gathering information on Jensen Huang and potentially influencing Nvidia’s position on selling advanced AI chips to China.
That matters because Jensen Huang has enormous influence over U.S. AI policy, has pushed against tighter China chip restrictions, and has unusually direct access to Trump, who has even called him in the middle of the night.
Nvidia has now opened an independent investigation and says it has no evidence so far that company secrets or U.S. national security were compromised.
This is now a counterintelligence story sitting right in the middle of the U.S.-China AI race
Source: NYT / Writer: Sol
Freeman retweeted
Nvidia CEO Jensen Huang's email to Nvidia employees:
To my colleagues at NVIDIA,
I owe my family and all of you an apology.
I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.
Throughout my life, my family has given me love and support. They deserve my honesty and loyalty. Instead, I let them down and damaged the life we built together. I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it.
To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust.
To my colleagues at NVIDIA, including those I have worked alongside for decades, and to our board, partners, and shareholders around the world: you deserve better from me. Leading NVIDIA is the privilege of my life. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to NVIDIA and will work to earn back your confidence.
Regarding the national security concerns raised in news reports, NVIDIA’s Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully. I love our country and our company. I am committed to protecting NVIDIA and supporting America’s national security. I am proud and grateful to be an American.
My family bears no responsibility for my choices. I do. Please give them privacy.
Jensen
Freeman retweeted
Be Jensen Huang:
> Come to America from Taiwan at 9.
> Get sent to a Kentucky boarding school your family mistakes for a prep school.
> An unfortunate misunderstanding.
> Get bullied. Keep going.
> Wash dishes at Denny’s at 15.
> Meet Lori at Oregon State. Your engineering lab partner becomes your wife.
> Before the money. Before NVIDIA. Before the leather jackets.
> Start NVIDIA with two other engineers in 1993 after meetings at a Denny’s.
> Nearly go bankrupt.
> Get a lifeline from Sega. Keep building.
> Bet that graphics chips can do a lot more than make video games look better.
> Spend years investing in something your shareholders aren’t particularly excited about.
> Then AI takes over the world.
> Spend three decades turning a diner conversation into a company worth trillions.
> Become one of the most powerful businessmen on earth.
> Now publicly admit you cheated on your wife.
> And find yourself at the center of an alleged Chinese intelligence operation.
> The reported relationship involves Alice Huang, an executive associated with Megaspeed, one of NVIDIA’s customers.
> U.S. intelligence reportedly believes China’s top spy agency recruited her to gather information and potentially influence access to advanced chips.
> Megaspeed was already under scrutiny over suspected diversion of restricted chips to China.
> Congress wants a briefing.
> Your board launches an independent investigation.
> It says it has no reason to believe company secrets or national security were compromised.
> The investigation’s findings are still to come. Admitting an affair isn’t admitting espionage.
> Apologize to your wife, your children and your employees. Accept responsibility. Commit to cooperating.
> After all those years building the company, face the work of repairing the trust you damaged.
Hell of an American success story.
And if the intelligence reports are true, a reminder that even one of the smartest guys in the world can get played.
Doesn’t excuse cheating. His wife and kids deserved better.
I’m still rooting for him!
Nvidia CEO Jensen Huang's email to Nvidia employees:
To my colleagues at NVIDIA,
I owe my family and all of you an apology.
I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.
Throughout my life, my family has given me love and support. They deserve my honesty and loyalty. Instead, I let them down and damaged the life we built together. I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it.
To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust.
To my colleagues at NVIDIA, including those I have worked alongside for decades, and to our board, partners, and shareholders around the world: you deserve better from me. Leading NVIDIA is the privilege of my life. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to NVIDIA and will work to earn back your confidence.
Regarding the national security concerns raised in news reports, NVIDIA’s Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully. I love our country and our company. I am committed to protecting NVIDIA and supporting America’s national security. I am proud and grateful to be an American.
My family bears no responsibility for my choices. I do. Please give them privacy.
Jensen
Freeman retweeted
🇺🇸 YouTube just hit a record 15.8% of all U.S. TV viewing time in August… more than double Netflix and well ahead of Disney.
People would rather watch some random guy explain why their dishwasher is clogged than whatever the networks spent $200 million producing. The algorithm won.
Source: Nielsen / Writer: Jamie
Freeman retweeted
It’s Going to be Total Chaos – Martin Armstrong "The Democrats are in a long-term bear market, despite all the hoopla and everything else. Socrates shows they will not win in 2028. I have said in my last three conferences that the Democrat party will split. You have even seen James Carville say he’s no longer a Democrat (and wants to leave the party). . .. you look at what is going to come, and it’s going to be total chaos. . .. You are going to be looking at investigations and all sorts of things. What the computer is projecting is this chaos for the next two years. usawatchdog.com/its-going-to…
Freeman retweeted
ABSOLUTE BLOODBATH IN THE MARKET.
Over $2 trillion has been wiped out from US stocks in just 50 minutes after the open.
This is the fastest wipeouts in US stock market history.
The S&P 500 is down 2.7% and has now erased all of its gains since the midterm results.
Most of the selling is in tech stocks:
• Nvidia: -7%, -$300 billion
• Tesla: -9%, -$140 billion
• AMD: -12.5%, -$100 billion
• Micron: -10%, -$95 billion
• Broadcom: -5.5%, -$90 billion
Health care, consumer staples and energy stocks are up today.
Did Democrats just kill the AI trade?
Freeman retweeted
🚨BREAKING: Bitcoin PLUNGES below $76,000.
Over $500,000,000 in crypto longs wiped out in just the past 1 hour.
Freeman retweeted
JUST IN: 🇺🇸 US stock market loses $2.3 trillion in the first hour of trading today.
Freeman retweeted
🚨 INSANE CRASH
In just 60 minutes, $2.5 TRILLION has been wiped from US stocks, while another $150 BILLION has been erased from crypto.
It's an absolutely bloodbath...
Freeman retweeted
MORE RED: The AI selloff DEEPENS as chip, storage and data center stocks tumble more than 10%.
• Bloom Energy ($BE) −17.52%
• Sandisk ($SNDK) −16.55%
• Western Digital ($WDC) −13.11%
• Seagate ($STX) −13.03%
• AMD ($AMD) −13.01%
• Vertiv ($VRT) −12.43%
• Micron ($MU) −11.97%
• Dell ($DELL) −11.21%
• Marvell Technology ($MRVL) −11%
• Qualcomm ($QCOM) −10.62%
TODAY: About $1,200,000,000,000 in market value was erased across the U.S. stock market as investors continue rotating out of AI stocks after the midterms.
🔻 Nasdaq 100 down 3%
🔻 S&P 500 down 1.3%
📈 Dow up 0.4%
AI chip and data center stocks fell for a second day on fears of tighter construction rules after Democratic midterm wins.
Freeman retweeted
Absolute insanity.
In just 40 minutes, the S&P 500 has now erased -$2 trillion in market cap.
The entire post-Midterm Election rally has been erased in a matter of minutes.
This is one of the fastest market cap losses in stock market history.
Freeman retweeted
BREAKING: The Nasdaq 100 extends losses to -5.5% on the day, now on track to post its biggest daily decline since April 2025.
The index is now ~5% away from entering bear market territory.
Freeman retweeted
On today's stock market crash:
As an investor, on days like today, you have to ask yourself one question: What fundamentally changed over the last 24 hours?
The shift in the fundamental backdrop cannot be attributed solely to the Midterm Election results; markets had already largely priced in the outcome.
So, what changed between yesterday and today? What is the fundamental reason for today's decline?
One of the most likely catalysts is growing concern about a potential "ban" on AI, or at the very least, severe regulation of the industry.
Over the last 24 hours, Democratic lawmakers have publicly called for restrictions on advanced AI development, including an outright "ban on artificial superintelligence."
Frankly, an outright ban will not happen.
Such a ban, if even possible to enforce, would effectively mean the US surrendering its position in the global AI race to China.
Does this mean AI is "over" or today's stock market crash marks "the end?" Absolutely not.
Rather, we believe we are witnessing a sudden shift in sentiment colliding with excessive levels of leverage, potentially triggering forced liquidations by several major institutional investors.
Therefore, today's downturn is more technical than fundamental. This is not to discount the concerns around regulation, they are legitimate. But price action right now does not look orderly or rational.
We are in the midst of the biggest technological revolution in human history.
Zoom out and remain calm.
Freeman retweeted
The only changes I expect are towards more taxes, more regulation, and more inflation.
The U.S. reminds me of a man who’s jumped off the top of a hundred-story building and, as he passes the ninety-fifth floor on the way down, says, “So far, so good.”
The government is underwater, well over $40 trillion, and essentially half of the country is on welfare. The situation has taken on a life of its own. Things are out of control. There’s nothing they’ll do about the K-shaped economy where the rich have gotten much richer, the poor are struggling, and the middle class is gradually ceasing to exist. The only solution is to return to a free market, but that’s out of the question.
The Dems are unlikely to make much of a change in the so-called “defense” establishment, which has built the world’s best 20th-century military—but this is the 21st century. There’s not much that they can do to turn around the antagonism between the blacks in the central city and the whites who live in the suburbs and the countryside. There’s not much they can do to avert a variety of civil wars that are brewing.
It’s a question not of “if” the stock market will suffer a serious meltdown, but when.
By all conventional parameters, stocks—particularly tech stocks—are insanely overpriced. That’s been true for years. Maybe it’ll stay true for a few more years, but I sincerely doubt it. I certainly wouldn’t plan my life around stocks staying where they are. In fact, we’re probably at the edge of the precipice right now.
What the government and the Federal Reserve fear most is a repeat of what happened in 1929. So when the house of cards starts to collapse, they’ll do everything they can to prop it up by printing trillions more of fiat dollars. And probably taking more direct equity positions in companies. The Trump regime has already done so with about 40; the Dems will accelerate that trend.
You should expect the dollar to lose value at an accelerating rate.
Freeman retweeted
BREAKING: The S&P 500 has now erased -$2.2 trillion over the last 55 minutes.
Today's decline is now double the size of yesterday's post-election rally.
The Nasdaq 100 is ~6% away from a bear market.
Freeman retweeted
Central Banks Just Bought Gold At Fastest Pace Since 2024, World Gold Council Says zerohedge.com/precious-metal…
