alt Hacker NewsMarket manipulation is a crime under the Securities Exchange Act of 1934. You can't buy things to influence the price or the market, only to use or resell.
Replies
armaautomotive • last Saturday at 1:15 AM
Do you think OpenAI plans to trade the semiconductor market? This would only apply in that scenario.
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dmix • last Saturday at 1:12 AM
That'd probably make more sense if there wasn't also 50 other tech companies buying up RAM for the same reason (a sudden huge spike in demand due to AI taking off).
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theturtle • last Saturday at 1:26 AM
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The law you refer to applies only to markets for securities. RAM is very clearly not a security, it fails the Howey test.
There are similar laws prohibiting the manipulation of commodity markets but I do not believe a US court would find RAM to be a commodity.