So could you give us your view on this massive buyback by NVIDIA and what that money could have been used for by NVIDIA.

Okay, so let me make a number of points here.

So first of all, as you said, it's a program which to buy back $150 billion by the end of 2028, but it's in addition to $85 billion that they have already authorized.

So that makes $235 billion.

And it means that at any point in time on any day, NVIDIA can go into the open market and ask its broker to buy back shares.

The last time I looked, it can do under the SEC, quote unquote, regulation, which goes back to 1982, it can do about $8 or $9 billion a day, day after day after day, just buying back its stock, inflating its stock price, basically manipulating its stock price.

When it issued this press release a couple of days ago about the buyback, one of the things it says that it's returning capital to shareholders.

Now, the last thing I'll say is one of the things

What is it? Where did it come from? And how big is it, and so on and so forth.

Okay.

Uh, well, the, the companies, when they go public, they issue shares on the market.

Uh, typically, the reason they issue shares is, uh, to, so the people who have invested in the company can take their money out, and managers can run the company and hopefully grow the company through reinvesting, uh, the profits when they make the profits.

And, uh, uh, traditionally, uh, first, if you want people to hold shares, uh, you want to, uh, give them a yield.

Uh, they can either get that through dividends, uh, if you can afford to pay them, and, uh, or through selling the shares at a higher price at a later point in time.

And up until about the nineteen eighties, uh, uh, that was basically what it was all about, and they were reinvesting, uh, the rest of the money into the company, uh, for capital equipment and for people, and which includes, uh, g- giving employment security pay raises, uh, benefits.

... that, that you c- you know, wages-