Part One: NVIDIA Isn't Enron - So What Is It?
Better Offline
Cool Zone Media and iHeartPodcasts
4.6 • 687 Ratings
🗓️ 17 December 2025
⏱️ 31 minutes
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Summary
In part one of this week's three-part NVIDIA series, Ed Zitron walks you through why NVIDIA is specifically nothing like Enron, WorldCom or Lucent, and why investors might be thinking that’s the case anyway. Thank you to Ben Cahn of the Ben and Emil show for voicing "NVIDIA" - listen here - https://www.youtube.com/@benandemilshow
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.5 | Guaranteed human. |
| 0:06.6 | CallZone Media. |
| 0:09.4 | Hello and welcome to this week's Better Offline. |
| 0:12.4 | I'm Ed Zitra. now at the end of November, |
| 0:25.9 | and video put out an internal memo that tried to, well, get ahead of a few things, |
| 0:31.4 | is how I'd put it, that had been bubbling up in the news, specifically comparisons to Enron, |
| 0:35.7 | the massive energy trading giant that |
| 0:37.5 | imploded in the early 2000s after, well, a lot of fraud, also with some other concerns about |
| 0:43.1 | its earnings. Said memo was leaked to Barron's reporter Take Him, who is one of the largest |
| 0:47.8 | invidia boosters in the known universe. He posts constantly about how Nvidia is going to be the |
| 0:52.7 | biggest, most hugest company in the world. |
| 0:54.8 | He's meant to be like an analyst and a reporter, but he mostly just seems like a cheerleader. |
| 0:59.4 | And it's kind of embarrassing. Now, nevertheless, he was leaking a memo that was quite worrisome. |
| 1:05.3 | So, I don't know, Nvidia chose to disseminate it through him, but also to short sellers. |
| 1:11.3 | The actual providence of this, or is it providence? I don't know, but someone will correct me. It's kind of |
| 1:15.6 | confusing. Anyway, long story short, people have a few concerns about Nvidia, and, well, you |
| 1:22.2 | shouldn't, though. You shouldn't have any concerns at all, because Nvidia's very secret, |
| 1:26.9 | not to be leaked immediately document, |
| 1:28.8 | spent thousands of words very specifically explaining how NVIDIA was fine, and most importantly, |
| 1:34.8 | by the way, nothing like Enron. |
| 1:36.8 | Now, why did I need to say all of this? And why did NVIDIA need to say all of this? |
... |
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