‘We are not Enron’: Nvidia rejects AI bubble fears
finance.yahoo.com
Nvidia has insisted it is not facing an Enron-style financial scandal, as the chipmaker hit back at short-sellers betting against an AI bubble.

The investor has also claimed the way Nvidia’s graphics chips are accounted for is incorrect, claiming they have a much shorter use life than has been suggested.

  • ☆ Yσɠƚԋσʂ ☆OPEnglish
    16·
    1 month ago

    I’m very much expecting a bailout for big tech because so much of the economy is tied up in it now. Furthermore, a bailout would necessitate QE which will make the rates go down in the short term, and that’ll create a bananza for the market.

    • DerRedMax [comrade/them, any]@hexbear.netEnglish
      18·
      1 month ago

      I think it was either Chapo or True Anon, but they had a guest on to talk about OpenAI and the possibility of a bailout and he made the point that there’s nothing really to bail out in the 2008 sense.

      There’s property, sure, but most of the land that data centers are built on aren’t owned by OpenAI so that’s not an option.

      The chips are basically only useful for AI so he doesn’t see the government buying up a bunch of worthless hardware.

      It’s just the market value that will be lost and that’s not something they see the Trump administration stepping in and just propping up a bunch of tech stocks. Which isn’t really a thing that you can do in the sense of “saving” these companies.

      • darkmode [comrade/them]@hexbear.netEnglish
        7·
        1 month ago

        there’s plenty precedent for giving out DoD contracts to the likes of palantir. it might not be exactly the same but the theoretical “bailout” could rhyme

      • GrouchyGrouse [he/him]@hexbear.netEnglish
        5·
        1 month ago

        I think that was a Chapo ep, I haven’t listened to an actual TA episode in a long time and I distinctly remember hearing that conversation within the last few months