| | | Ya, NVDA m-score is wrong. No revenue manipulation at all. Move along folks, nothing to see here!
In the latest Forbes exposé on Stability AI's downfall, a striking revelation uncovers a complex scheme. Coreweave, which exploited a sale and lease back arrangement with NVIDIA back in summer of 2023, turned Nvidia’s prepaid lease payments into equity and borrowed over 70% LTV from Wall Street private credit investors to acquire a mass of Nvidia GPUs. Within less than a year, a Coreweave client not only failed to meet rental payments but even considered reselling leased GPUs. Whether or not A16Z snapped up these GPUs, the real question looms: Who are these GPUs actually serving? Are Nvidia's prepaid leases essentially funding air? (other than funding its own revenue, of course) PwC, it's your move! Twenty years after the Enron scandal decimated Arthur Andersen and reduced the Big Five to the Big Four, it's time to ensure history doesn’t repeat itself. The debacle demands a close!
@PwC
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