[Nvidia's $60B buyback](https://www.marketwatch.com/story/nvidia-made-one-of-the-biggest-buyback-announcements-ever-it-may-not-be-enough-f9a5990c) is the tell that nobody's talking about. The headline says 'confidence in the business.' The data says something different: insiders dumped $163.6M worth of stock over the last 90 days while the company is burning $60B to defend a stock that trades at a 63.7% ROIC but faces massive capex headwinds.

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