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‘We are not Enron’: Nvidia rejects AI bubble fears 🤣 (finance.yahoo.com)

submitted 1 month ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

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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.

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[–] sodium_nitride@hexbear.net 14 points 1 month ago* (last edited 1 month ago) (1 children)

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.

Last month, he revealed bets against Nvidia and Palantir of more than $1bn (£760m), allowing him to make a significant profit if the stock fell.

Everyone in this whole ordeal is a scammer one way or another. Whether they bet on AI or against it.

[–] Darkcommie@lemmygrad.ml 6 points 1 month ago

I can’t tell if the guy genuinly believes it or hes just grifting and hoping ai stock crashed