As someone who began their career in financial audit over a decade ago and learning about Enron, it has frustrated me that people have been calling Nvidia the new Enron.
Just because companies are throwing chunks of money around, does not mean Nvidia is like another company that was found to commit fraud and be required to file for bankruptcy. Its a classic social media reductionist take that has gained popularity and has been misattributed to what happened at Enron, not even close.
From what I have seen it has been "Nvidia is doing some big deals with other big companies in a way that I don't understand, it must be dodgy and an Enron like scandal"
Nvidia based on its audited financial statements which are audited in accordance with the very standards set following Enron (Sarbanes Oxley) which any US accountant would be familiar with, is an extremely profitable company.
NoPicklez•3m ago
Just because companies are throwing chunks of money around, does not mean Nvidia is like another company that was found to commit fraud and be required to file for bankruptcy. Its a classic social media reductionist take that has gained popularity and has been misattributed to what happened at Enron, not even close.
From what I have seen it has been "Nvidia is doing some big deals with other big companies in a way that I don't understand, it must be dodgy and an Enron like scandal"
Nvidia based on its audited financial statements which are audited in accordance with the very standards set following Enron (Sarbanes Oxley) which any US accountant would be familiar with, is an extremely profitable company.