This is what happens when highly confident uneducated people read slop from other uneducated people with an agenda (Twitter, Burry et al) and then regurgitate more slop.

There is no circular funding. There’s certainly circular speculation that is driving up the prices but the revenues are all accounted.

The DSO change is meaningless if you understand accounting.

The inventory building up is the cost of materials and incomplete inventory. It’s not chips sitting around waiting to be deployed.

> holding ~120 days of inventory seems like a huge capital drag to me.

Yeah I guess this guy who knows nothing about running a business like Nvidia is allowed to make confident statements like this despite no education or experience.

This article is garbage and he wasted his 48 hrs investigating the same things I read in another worthless tweet several weeks ago.

Are partially processed wafers on Nvidia's balance sheet or TSMC's? Or are you saying Nvidia is holding sawn die in inventory? Confused as to what state the product might be in for it to make sense to hold for 4 months when supposedly you can sell everything you make.