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With concerns about NVIDIA’s circular financing growing, we’ve seen the company insist it’s nothing like Enron, Worldcom, or Lucent. Perhaps not, but it’s still engaged in some weird indirect vendor financing shenanigans. www.wheresyoured.at/premium-the-haters-guide-to-nvidia-part-2/

NVIDIA has become far more of an asset manager or a bank than a technology company, with AI and GPUs existing only as tools to manufacture demand from customers who increasingly can't afford to pay for them, if they ever could. www.wheresyoured.at/premium-the-haters-guide-to-nvidia-part-2/

This is all very reminiscent of GECAS — GE’s airplane leasing wing, which, under Jack Welch, became the largest purchaser and lessor of airplanes for thousands of airlines that couldn't afford them, often backstopping their companies. www.wheresyoured.at/premium-the-haters-guide-to-nvidia-part-2/

Do you have a podcast? I'd prefer to hear you call this shit out with your oddly comforting Britsh voice. I'm being dead serious rn. Hearing you talk about it weirdly calms my anxiety about all of this..... not to make it weird or whatever By the way, has Jon Stewart reached out yet?

Does the AI business plan assume AI subscriptions becomes as ubiquitous as cell phones. Cause I don't see it happening.🤪