YkpfJ6XP0I
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$NVIDIA (NVDA.US)$ I will be selling half at $800 pr. share which is about a 2 trillion dollar market cap valuation for Nvidia. Should happen sometime in 2023 or 2024 at the very latest. Currently I consider Nvidia to be a steal at these prices. Not even 1 trillion yet. Sheesh!
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Two of China's biggest and best-known Internet companies are facing more pressure from the government, this time over the practices of their cloud business units.
The Chinese Ministry of Industry and Information Technology said Tuesday it has told $Alibaba (BABA.US)$ and $Baidu (BIDU.US)$ that those companies need to do a better job of preventing telecom fraud after the ministry determined their cloud platforms had been used to gain access to fake and fraudulent websites. According to a report from Reuters, the ministry said Alibaba and Baidu must "earnestly fulfill their main responsibilities for network and information security."
Initial reaction to the Chinese government's latest moves was muted, as both Alibaba and Baidu edged into positive territory in pre-market trading, Tuesday.
Over the weekend, China's State Administration for Market Regulation levied fines equivalent to $78,000 on Alibaba, Baidu and several other companies for failing to disclose some acquisitions made over the past decade.
The Chinese Ministry of Industry and Information Technology said Tuesday it has told $Alibaba (BABA.US)$ and $Baidu (BIDU.US)$ that those companies need to do a better job of preventing telecom fraud after the ministry determined their cloud platforms had been used to gain access to fake and fraudulent websites. According to a report from Reuters, the ministry said Alibaba and Baidu must "earnestly fulfill their main responsibilities for network and information security."
Initial reaction to the Chinese government's latest moves was muted, as both Alibaba and Baidu edged into positive territory in pre-market trading, Tuesday.
Over the weekend, China's State Administration for Market Regulation levied fines equivalent to $78,000 on Alibaba, Baidu and several other companies for failing to disclose some acquisitions made over the past decade.
![Alibaba & Baidu are pressured to crack down on cloud-business fraud](https://ussnsimg.moomoo.com/1330613141341629894.jpg/thumb)
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YkpfJ6XP0I JaSpur : uou would sell it if you own it. But do you own it ? Or did you own it?