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Ed Zitron
@edzitron.com

Free newsletter: NVIDIA Isn't Enron, so what is it? My 15k word guide to Wall Street's messiah - how it makes money, how its future relies on endless debt, how millions of GPUs are sitting waiting to be installed, and why it no longer makes sense to buy more GPUs. www.wheresyoured.at/nvidia-isnt-...

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Yung Roach
@yung-roach.bsky.social

Hi Ed! Perhaps I missed it in the piece, but which company would you say Nvidia most closely resembles? I don’t recall any definite statement on that line in the article. You cite Michael Burry a few times and i vaguely recall him saying that “they’re not Enron, they’re Cisco!” would you agree?

Niall
@niallp.bsky.social

One small point - they were recognising loans to customers as assets correctly. Debt that you owe is a liability, debt you are owed is an asset.

Toronto Will
@torontowill.bsky.social

This is a great piece (so far, still reading), some of your very best writing, but when you say debt's not an asset, "it's a liability", I am fairly certain that's wrong. When you're the lender, as Lucent was (Nvidia is), debt is indeed an asset (specifically, an account receivable).

Toronto Will
@torontowill.bsky.social

Nvidia maybe does less loaning to its customers than it does *investing* in them, but that has a similar kind of effect. The customer's get cash, which they turn around and use to buy GPUs, and in the short term the stimulus expense vanishes into Nvidia's books as an asset (i.e., the shares).

Qibble Polls
@qibblepolls.bsky.social

When companies fund politicians who oversee their cases, what should Congress do? 1️⃣Ban donations while cases are active 2️⃣Allow donations but tighten disclosure rules 3️⃣Keep donations legal and separate from enforcement 4️⃣Focus on faster, clearer antitrust & export-control decisions instead Vote!👇🏻

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wettyds.bsky.social
@wettyds.bsky.social

@edzitron.com i know its annoyng asking the same question but i really want to know your opinion if nvida will survive all of this not only the bubble but all that coming after i really dont think they can go withow any repercutions maybe not in u.s with their current administration but in the EU?