"Spending money makes a CEO look busy. And at a time when there were no other potential growth avenues, AI was a convenient way to make everybody look busy."
-Ed Zitron, "NVIDIA Isn't Enron - So What Is It?"
https://www.wheresyoured.at/nvidia-isnt-enron-so-what-is-it/
With Zitron, sometimes it's hard to tell the difference between sarcasm and acidic sincerity.
@pluralistic And then came 2008, and the new billionaires realised what these previous companies had done wrong: They weren’t too big to fail, to be bailed out when their scammy finances fall apart!
@pluralistic
This classic Ed Zitron article will tell you more than you ever wanted to know about how corrupt CEOs advance their corporate juggernauts by any means they can get away with.
You'll also find out why NVIDIA's strange growth strategies are curiously reminding people of such historic market disasters as Lucent, WorldCom, and Enron.
In ironically saying that NVIDIA is NOT Enron, Sitron made ME think that that's only because the scale of the financial stakes are much higher today -- and, potentially more devastating.
Also the US currently has a regime that is all-in on making as much as they can off this scam before the bubble bursts.
Trust me, a lot of speculators are already shorting Ai stocks as fast as they can -- knowing that the party is about to come screeching to a halt.
Slightly off-topic side note: Trump is about to achieve a trifecta: crashing the US government and with it the economy, causing a stock market crash that will make Hoover's look minor by comparison, and destabilizing the world order leading to multiple new wars.
#NVIDIA #Ai #JensenHuang #EdZitron #USPolitics #Capitalism
