Comment on Nvidia insists it isn’t Enron, but its AI deals are testing investor faith
Knock_Knock_Lemmy_In@lemmy.world 2 days agoThat’s Michael Burrys thesis. Higher depreciation for GPU owners is a positive for Nvidia because they end up buying more GPUs.
I’m highlighting the the future revenue of those customers that Nvidia has booked in terms of equity. That is equivalent to Enron. Here the SPVs are named companies like OpenAI and other model developers.