Post

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/

7/8/26, 6:02 pm6 reposts49 likes

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/

GECAS took money from investors, which it then used to buy planes (often with GE engines), which it would then lease to airlines that couldn’t afford them — many of which couldn't survive without its bailouts. www.wheresyoured.at/premium-the-haters-guide-to-nvidia-part-2/