...sounds a little Ponzi 'buying revenue' in advance; balance sheets don't lie- higher AR and inventories not a good look.
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Nvidia is sitting on a ticking time bomb. Companies have lost interest in the H/A Series and are holding out for the Blackwell series.
Meanwhile, these unwanted GPUs are gathering dust in storage, with a 50% YoY increase to 6.6B worth of inventories.
But wait, it gets better.
Nvidia is handing out GPUs to startups and companies that can't pay upfront, telling them, "Pay later!" As a result, accounts receivable have skyrocketed by 100% YoY, reaching an all-time high of $14 billion!
There is only one ending for that.
https://x.com/kakashiii111/status/1835729003216540124
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Its Over, page-23694
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