It comes down to something far simpler. The revenue currently isn’t there and the entire tech sector is betting it’ll appear shortly
That may or may not pan out depending on how this AI thing goes in general
Substack: let me run 98 scripts. Me: bye.
> Operating cash flow provides the third verification point. Nvidia generated $14.5 billion in cash from operations during Q3 fiscal 2026 while reporting net income of $19.3 billion.
so that's not a typo, somehow Q3 in fiscal 2026 has happened? .. still reading
My employer’s 2026 fiscal year is Feb 2025-Jan 2026. Not sure where that came from.
> For Nvidia’s third quarter of fiscal year 2026, covering the period ending October 27, 2025,
> The current situation bears structural similarities to three major accounting frauds: Enron (2001), WorldCom (2002), and Lucent Technologies (2000).
oh this is very pointed...
Surprised this isn't at the top of Hackernews
This is a clickbait headline and it doesn’t really resemble the facts (the article isn’t really about the algorithm it’s about the analysis of irregularities and the author’s conclusion.
I’m not sure there’s enough in this nothing burger to scream fraud. There are some irregularities with accounts due and inventory.
Are there reasonable explanations such as “big client requested 45d instead of the regular 30? Big customer requested 20M units and we have them on hand while we fulfill the orders in tranches.”
A declaration of fraud is going to need a lot more evidence.
I’d rewrite this headline along the lines of “irregularities in nvidia earnings report cause a big sell-of in some circles”