Post

Depending on the specific terms, that could actually be worse than typical vendor financing.

I know you did a whole write up about these chip companies, who were very explicit about how they “are not Enron.” But I’m still confused about how this is any different from SPV fraud…?

It's one thing for Nvidia to do this, another for AMD. They literally just got back on their feet after a horrible 2010s and surpassed Intel in lots of key metrics. This could ruin them.

This is how revenue growth works when customers can't afford your product: you loan them the money, book it as a sale, then pay them to keep it. The quarterlies look great until the loans default.

What could possibly go wrong? 🧨 🧨 🧨 💥

but the dow is over 50,000, ed 🙃

All these AI data center outfits are sooooo screwed!

Man how is this not the steroids scandal of the finance world? Yeah just juice the income numbers, uh uh fuck it we'll rent them back just take the fucking things

"free market" is when you can buy from yourself, apparently

I thought you said this totally wasn’t a Lucent situation