The chip sales are huge. The new trick is Nvidia signing the landlord’s paper so the customer can keep buying chips.
That is not Enron. It is also not a clean hardware company anymore.
AI bubble co Nvidia has added an additional section to its off-balance sheet obligations – $108.5 billion in guarantees.
Like parents co-signing a lease, $NVDA has to guarantee its customers obligations in order to book sales.
Total obligations now stand at a record $530.5… https://t.co/q6Zja14sBB pic.twitter.com/dJ96Mn79gl
— Kashyap Sriram (@kashyap286) August 27, 2026
$NVDA bulls meet one or more of the following qualifications:
1) Focus on narratives, not fundamentals.
2) Don’t understand accounting
3) Ignorant of financial history – only investing since the 2009/post GFC
4) Totally financially illiterate.
5) Know it is all a scam but are… https://t.co/BpErBVOlDr— George Noble (@gnoble79) August 27, 2026
🚨 Michael Burry is doubling down on his bearish AI bet, while buying Nvidia calls as a HEDGE.
The "Big Short" investor bought December $NVDA calls with strikes in the mid-to-high $200s, paying single-digit premiums.
Burry says the calls are purely a hedge against his much… pic.twitter.com/3z14gOSo52
— Bull Theory (@BullTheoryio) August 27, 2026
Enron vibes. https://t.co/RfuLTvJgUH
— Unicus (@UnicusResearch) August 26, 2026
Operating cash flow in the quarter dropped to about $24 billion while profit was $59.7 billion. Receivables ate the difference.
Nvidia issued $25 billion of new bonds in June.
Bank of America put the whole backstop-and-investment stack near $300 to $500 billion.
Burry also added shorts in Oracle, Palantir, Nebius and Caterpillar. Short stock now over 21 percent of his book.
https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027