Nvidia insists it isn’t Enron, but its AI deals are testing investor faith

https://www.theguardian.com/technology/2025/dec/28/nvidia-insists-it-isnt-enron-but-its-ai-deals-are-testing-investor-faith

19 Comments

  1. As long as nvidia is finding buyers it’s all gravy but the moment the demand collapses whatever is in the pipeline is now unsellable scrap and they are probably going to end up holding a lot of production overrun unlike the ram dudes who are being careful this time

  2. Exactly the same pedigree and market messaging. Creating a sales funnel based on things that can never deliver “Power is the constraint, companies have built high inventory of products, but by the time they can use them, as the power issue has caught up , the current stock will be obsolete, so they have to buy the latest again …. Which needs more power …. Which needs to catch up again… by which time that next generation will be obsolete…. Am I only one seeing the issue here ?

  3. If they are in the business of paying customers to buy their products i would like to volenteer myself

  4. I wonder if they’re reporting profits basted on future sales🤷🏼‍♂️. I mean… isn’t that kind of what valuation is? Remember, with retail not buying the top of the line cpus, and graphics card shortages… all of a sudden their numbers might look a little different.

  5. Man, Jensen seems really close to going full super villain with some of his quotes lately.

    I can’t tell if it’s just typical billionaire greed trying to run up the high score on life with money/power. Or if he truly believes that machine learning is that important and is committed to going all in.

    Either way he’s mortgaging societies future, both economic and environmental, and so it’s a bit scary.

    They really are up to some “creative accounting” type tricks to ensure this insane growth, on a scale I don’t think we have seen before. The goal seems to be to make them too big to fail to ensure we are committed to this path come hell or high water. Talk about hubris for making big bets, not just for yourself, or even your company, but for all of humanity.

  6. My “I promise we aren’t Enron” t-shirt has a lot of shareholders asking questions that are already answered by my shirt 

  7. Yo

    Jensen had nice thick hair

    Now this bro is richer than he ever imagined but his hair is falling out

    I say it is the stress of keeping up this house of cards