I mean sure, the markets would have momentarily tumbled. Then, focus would have shifted around a new story, and they would have stabilized. NVDA isn’t the center of the universe it thinks it is.

If you look at it critically, NVDA isn’t that far off from competitors, if the range overlaps then you can get comparable performance depending on the use case and ML framework used.

https://sanj.dev/post/amd-vs-nvidia-ai-workloads-performance...

I am unconvinced that only Nvidia knows how to make the best GPUs, but they do have a nice software ecosystem.

    If we delivered a bad quarter, it is evidence there's an AI bubble. If we delivered a great quarter, we are fueling the AI bubble,

While I think the bubble pop will be spectacular, he is not wrong here. You can't do right, if others want to see bad only.

"The current situation bears structural similarities to three major accounting frauds: Enron (2001), WorldCom (2002), and Lucent Technologies (2000)."

https://substack.com/inbox/post/179453867