642
Nvidia insists it isn’t Enron, but its AI deals are testing investor faith
(www.theguardian.com)
this post was submitted on 30 Dec 2025
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OpenAI is more like Enron that NVidia I would assume.
openai has practically no value and that’s well known… nvidia is paying companies to buy their chips and playing bullshit shell games
the difference is openai is a pretty well known unprofitable company, and they aren’t doing quite as much of the bullshit shell games. nvidia is selling to basically everyone, taking stakes in companies, giving weird deals… it’s bloody impossible to track how much of their sales are real and how much those real sales are actually worth, or if those sales are loss leaders for some investment then those investments look a lot like openai
so nvidia not only is invested in a lot of very questionable AI bubble companies, but also their own sales figures are… unreliable
they’re making billions upon billions because they’re using their own money multiple times. it’s kinda like leveraged trading with all the risk and it’s incredible arrogant at the scale that nvidia is doing it
Nvidia is Cisco in this analogy