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I'm super curious to see if Nvidia turns out to be Enron 2.0..

• quantified 8mo ago
  They would need to have massive accounting fraud and lose public support. Unlike Enron, Nvidia actually sells tangible goods at a massive profit, and hasn't appeared to gloat over people getting screwed over.
  • palmotea 8mo ago
    > They would need to have massive accounting fraud and lose public support. Unlike Enron, Nvidia actually sells tangible goods at a massive profit, and hasn't appeared to gloat over people getting screwed over. But what happens if they can no longer sell those tangible goods at a massive profit, and they gave return to their roots selling to gamers? When the boom ends is when massive accounting fraud could happen.
  • CamperBob2 8mo ago
    Not unprecedented: https://en.wikipedia.org/wiki/Media_Vision https://en.wikipedia.org/wiki/Media_Vision https://www.latimes.com/archives/la-xpm-1998-jul-09-fi-2036-story.html https://www.latimes.com/archives/la-xpm-1998-jul-09-fi-2036-...
• chasd00 8mo ago
  i think worst case they go back to selling GPUs to gamers. That would indeed be a massive front page story and movies would be made about it but I don't think the fraud is there. They have a pretty straightforward business, make GPU cards and sell them.
  • userulluipeste 8mo ago
    "They have a pretty straightforward business, make GPU cards and sell them." They do, but that's not the (full) story here. Companies tend to easily migrate upwards, to a higher volume and/or higher profit margin market, and hardly (if ever) in the opposite direction. The painful restructuring necessary to enable this kind of reverse change is also damaging to the company brand, culture, and self-perception. If they ever get in such position, they may of course recover, but I wouldn't bet money on that.
• tim333 8mo ago
  Nah, not Enron. Maybe Cisco.
  • oska 8mo ago
    Yes, Cisco & Sun Microsystems are the better comparisons