23-02-2024 10:55 via rocketnews.com

It turns out, the better way to play Nvidia’s success was FTX

As great as Nvidia’s stock has done, there was a better way to trade its success in powering artificial intelligence applications: buying claims on the bankrupt FTX. Claims on the bankrupt crypto exchange previously run by Sam Bankman-Fried now have a bid-ask between 85 and 90 cents on the dollar. That’s according to data from Cherokee Acquisition, which operates a secondary market, and publishes data on claims of at least $1 million.Those claims had a bid-ask as low as 6 to 10 cents
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