Pivot to AI – Bloomberg

Ah yes! Nvidia lulled its shareholders into believing that it was mostly a gaming company, so they bought its stock because they were optimistic about gaming, but really it was mostly a crypto company, and when the crypto market suffered setbacks in 2018 those shareholders lost money. And nothing else happened after that.

No, I’m kidding, Nvidia’s stock is up more than 1,700% since 2018, and the drop in November 2018 is barely visible on a chart. I suppose one day we will have to discuss the legal arguments in this lawsuit, but part of me thinks that the Supreme Court should dismiss it on the grounds of “you are Nvidia shareholders, come on, you’re fine.”

Source: Trafigura Bought Oil Wrong – Bloomberg