'This is Enron 2.0': viral thread claims Nvidia finances its own demand amid $200B of idle GPUs
churchkey · x · 2026-11-14
A viral bearish thread argues Nvidia is 'the bank of the entire AI trade — and the bank just closed': the boom depends on endless capital flowing into AI companies, with Nvidia at the center by financing demand for its own chips. The author, citing Enron parallels, lists cracks including $200B of GPUs sitting dark in warehouses and CoreWeave's net loss up 544% while Wall Street celebrates adjusted EBITDA stripping out interest, depreciation, and $2.5B of stock compensation. Views are the author's own.
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