I first read that "every $1T brings back $100", thinking, wow, is it THAT bad?

No, it's very unlikely at this point every $1 Nvidia invests brings back $100. Stating something like that is almost a red flag that things are overheating.

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nerbert 3 hours ago | parent | next [-]

Every $1 they invest brings back $100 in their valuation maybe.

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willis936 3 hours ago | parent [-]

But even that isn't really true since Nvidia P/E was unreasonably high even 4 years ago. So how is this not lying to investors (a thing that is illegal)?

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thunky 3 hours ago | parent [-]

Because a PE is a fact not an interpretation.

	▲	vardump 3 hours ago \| parent [-]
		It's interesting how people who stare only at P/E make consistently bad investment decisions. Perhaps P/E is not such an important indicator overall?

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nonethewiser 3 hours ago | parent | prev | next [-]

Its definitely consistent over the past several years.

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thousand_nights 3 hours ago | parent | prev | next [-]

> The figure was rhetorical, not a disclosed 100-times investment return.

seems no one is reading the article..

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streetfighter64 3 hours ago | parent [-]

It's a very stupid thing to say though, it's like Trump's promise to reduce drug prices by 1000%. I guess that was also just a figure of speech.

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delecti 2 hours ago | parent [-]

It's not nearly that stupid. If their investments are, on-average, bringing sizable returns, it's a perfectly cromulent figure of speech.

	▲	tavavex 41 minutes ago \| parent [-]
		+20% is a sizeable return, but I don't think anyone would look at me right if I made such an investment and then said "I earned $100 for every $1 invested". This is a mathematical statement with concrete numbers, you can't use it as a figure of speech.

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stkdump 2 hours ago | parent | prev | next [-]

They also said that theur hardware scales faster than Moore's law, when in reality it is way slower than Moore's law. Which I guess at least is a good thing for hyperscalars because it helps with their decision to write off their GPUs over a much longer period.

But still, it seems that billionaires are lying left and right. It isn't just Elon.

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cyanydeez 2 hours ago | parent | prev [-]

they're talking about book value, which is all the AAR garbage VC's throw around with their infinite TAMs and all the other clutches of bullshit capitalists need to put in their nests to make themselves feel like they arn't just very complex parasites.

So, in one aspect, like the Matrix, they're not lying: they litterally see that on the paper they're reading from.

But like in the matrix, they just need to be unplugged from the bullshit machine to recognize that this money doesn't exist in the real world.

Scientists, particularly the ones who get ragged on, you know, social scientists, are now well aware that no matter how well any given social goal works in the lab; no matter how much pscyhology they evaluate, depend on, etc, what matters is real world implementation.

Thier sheets of cash raining in from some future valuation simply do not exist in a vacuum, but they want to pretend it does.

So we're litterally watching capitalists look at their piece of meat inside the matrix, and telling us: they do not care that it doesn't actually exists, because on the Capitalism ledger, it feels like real meat.