US government just giving money to executives to burn.
Oligarchy laid bare for all to see. Emperor has no clothes....
this post was submitted on 30 Oct 2026
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Technology
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Sounds like it's a follow up to the CHIPS act which started under Biden. At least this is buying stock and not just handing them cash. The government is "buying the dip".
I clould sell my stock that I have, but i don't know if its worth dealing with taxes as it is not that much
How can I upvote multiple times?
Here you go:
So glad, we the public, bought all of those shares and really set them on a healthy course.../s
Shares-shmares. More engineering, less shit-trading!
More proof that the Republican party's claim of being fiscally responsible is utter bullshit.
So fuck the Republican Party in general. But what does this news item have to do with them?
The Trump admin purchased $8.9 billion dollars worth of intel stock. Pumped the shit out of the stock basically.
Ah, thanks, I were too lazy to read the article.
The article does still say:
While it’s still a profitable investment, the value of those holdings dropped by about $12 billion on Friday.
So while fuck Republicans in general, and the government taking such a stake is not very free market, it is not completely obvious that taking the stake was stupid. Losing $12 billion on a $9 billion investment is a clue :P.
Why is Intel 30% and Nvidia is only 3? MOAR
At the moment: because Intel predominantly makes CPUs with a less optimized and flexible instruction set and physical architecture vis a vis the demands of the ML circlejerk, and Nvidia predominantly makes GPUs that effectively define state-of-the-art for ML training and inference (read: they are absolutely printing money, and are pretty much the only company that is actually making money hand over fist, even taking into account the circular financing deals they have with some other megacorps).
Put it this way: when you pop a bubble, it doesn’t actually pop all at once. Intel is closer to the site of the initial bubble breach. Nvidia is basically on the side exactly opposite of the breach.
Quite the opposite, Nvidia is the one that is over-leveraging themselves in investment, investing obscene amounts of money in OpenAI, HuggingFace, etc. etc. As far as I know Intel is just selling hardware.
Not only that, but now nvidia pushes towards CPUs as well with Nvidia Spark (and fairly capable ones at that in the devices like the new Microsoft Surface Ultra) and at the same time Intel is completely loosing out on the dedicated GPU market they entered a few years ago.
Patience, grasshopper.
Oh no I’m only up 75% instead of 90% on Intel.
Ooooofff!