So basically what happened is a few substacks and Twitter posts went up. By the way, that's also how you know that you're a really secure company.

Is really responding to the haters on like a kind of granular level. Long live the posters.

Yeah. It's like you're not getting sort of like, because muddy waters doesn't exist anymore, if I remember correctly. Like, Hindenburg doesn't exist anymore.

The age of those kind of like big short sellers is kind of gone.

And so now the only option is to become your haters waiter at their table of envy and really scrutinize their order.

So what happened is, Michael Burry, as well as another couple of skeptics, Jim Chanos is in this, Jim Dugod Chanos is in this as well, but he was mostly in the pages of the FT.

Guys, guys that you heard of because they were played by a character actor, you sort of recognize in either the big short or margin call.

So Michael Burry, who was Christian Bail in the big short,

Michael Bury played Christian Bail in the making of the big short

in the documentary about the making of the big short.

So basically, what he's done is he's written a blog post, a substack,

that lays out why he thinks NVIDIA is hugely overvalued. And he makes two

core arguments, one that we're going to talk about quite a bit more and one that I think we can

kind of leave aside. The one we can leave aside is that they basically fraudulently stated the

value of the stock-based compensation that they were issuing. Yeah. And to be clear, that's Christian Bale's argument in the big short, not our argument in the big short.

We're not suggesting Nvidia is committing fraud because, frankly, that's a big word to use fraud.

And fraud, that requires, you know, a degree of intention.

And while admittedly, every corporate leak of emails does have a bunch of guys going,

loves doing crimes with you.

Thanks so much for the help with the crimes.

That hasn't happened with Invidia.

So we can't say whether or not Nvidia is committing fraud.

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