The surprise victory of Sanae Takaichi as the new leader of the Japan LDP, which will allow her to become the next Prime Minister of Japan, has been welcomed by stock traders with such a loud cheer of joy that overheated Japan stocks marked one of the biggest daily jumps…
Category:Financial Analysis
THE LAST INNING OF NVIDIA’S GREAT REVENUE FABRICATION SCHEME JUST STARTED
OpenAI and Nvidia’s fates increasingly appear tied to each other. On one side, we have a private company valued at several hundred billion dollars but running out of cash (“OPENAI: LITTLE CASH, BUT PLENTY OF PROMISES, IN AN EFFORT TO AVOID BANKRUPTCY“), while on the other, we have the most…
WHY NVIDIA IS NOW PAYING TO SELL ITS OWN GPUs? BECAUSE REAL DEMAND IS FALLING OFF A CLIFF
I started covering Nvidia’s accounting shenanigans a long time ago, but being honest, I could not have expected things to reach the absurd level we are witnessing lately. The first partner in crime of Nvidia to pull off its epic revenue round-tripping scheme that began in the aftermath of the…
OPENAI: LITTLE CASH, BUT PLENTY OF PROMISES, IN AN EFFORT TO AVOID BANKRUPTCY
There is a golden rule that applies to many things, especially in business and finance. That rule is: “If you want to know the truth, follow the money”. Let’s follow OpenAI’s money today, and let’s see where it leads. Here is the official record of OpenAI’s fundraising history so far:…
BEHIND THE FOG: NVIDIA’S REVENUE RECOGNITION RED FLAGS AND DECLINING CAPACITY AGREEMENTS
3 months ago, in the article “CHEF’S TABLE: NVIDIA,” I already highlighted how Nvidia’s sophistication in cooking its books reached a remarkably high level. At that time, thanks to fresh disclosure in its report, not only did we manage to figure out the whole structure Nvidia, with the support of…
COREWEAVE: A FRAUD HIDING IN PLAIN SIGHT
The first time I talked about CoreWeave was more than one year ago in “IS MAGNETAR CAPITAL BLOWING AIR INTO THE NVIDIA (PONZI) SCHEME SO THEY CAN BET ON ITS IMPLOSION?” when I described how the hedge fund Magnetar Capital’s investment in CoreWeave had many similarities with the strategy they…
HOW BIG TECH SPENDING SPREE MORE AND MORE RESEMBLES 2000s TELECOMS EPIC FAIL
This year alone, the total CAPEX on AI infrastructure from Big Tech companies is expected to reach 330 billion $, with Microsoft accounting for more than one-third of it, as per the latest results and projections. Where is all this money going to be spent? To buy chips and build…
DB EARNINGS REPORT REVEALS HOW THE FED ISN’T THE ONLY REGULATOR HELPING BANKS TO HIDE THEIR LOSSES
Deutsche Bank just reported earnings for its Q2-25 and, of course, everything is awesome! Needless to say, Wall Street expectations have been beaten across the board. As I write, the stock is trading 6% higher on the day. As usual, everyone read the press release, and no one took the…
HOW TURKEY ENGINEERED ITS OWN ECONOMIC COLLAPSE AND WHY JAPAN AND UK ARE FOLLOWING ON THE SAME FOOTSTEPS
The Turkish Lesson Turkey’s economic collapse didn’t happen by accident—it was the result of deliberate policy choices that ignored economic fundamentals in favor of political doctrine. For years, President Erdoğan pursued a radical economic experiment that became known as “Erdoganomics”. This strategy was built on the belief that high interest…
LIQUIDITY CRACKS WIDEN IN THE GLOBAL FINANCIAL HOUSE OF CARDS
Almost 10 months ago, I wrote the article “MOUNTING SIGNS OF LIQUIDITY PROBLEMS AMONG LARGE US AND UK BANKS” to highlight several elements pointing toward a buildup of liquidity problems in the banking sector. Three elements were particularly noteworthy at the time: Last week, something very interesting happened again: banks…