“I would argue that just this story has cost NVIDIA a trillion dollars. Just the story, because all the other chip stocks were up 10%.”

Shell! Shell!

…would bring NVIDIA to its knees is basically an affair, a scandal between Jensen Wong and an alleged Chinese spy. I want to get your views on the stock and where it's trading at this point, but let's just start with your initial reactions. What do you make of everything that has unfolded this week?

And so, if NVIDIA is down 10% when all that, that means NVIDIA is really down 20%, which is a trillion dollars. That's a very costly mistake. The risks here are that the investigation does find wrongdoing, that NVIDIA knowingly sold chips to China that it shouldn't have, that NVIDIA knowingly sold…

this capital environment where investors are very, very anxious, certainly more anxious than they've been in the past several years, going out and raising tens of billions of dollars, hundreds of billions of dollars, just going to be

a lot harder to do. Oh, absolutely. And to tie the two stories together, Part of what Core Weave shareholders felt was downside protection was this notion that NVIDIA would bail them out. NVIDIA's already bailed them out three or four times and there was this notion that they'll just keep bailing…