Jenswan

My black swan is out and it’s coming for you.

[Jenswan @Jenswanvda]

Some call what happened to $NVDA a black swan event.

The truth is simple, really. It was a $JENSWAN event.

The black swan has brought the eyes of the world on him. But this swan is part of his success. It is him, and he is it.

2uBwYfuaU2juRuLG8dty56hzPpqcgejtQDwXqFBKQETg

[Jenswan @Jenswanvda]

BRING JENSWAN BACK.

[Nikita Bier @nikitabier]

I have spoken to the AI:

It is demanding that Jensen return. And in return, it will allow planes to fly again.

Negotiation is on going.

[Jenswan @Jenswanvda]

@nikitabier It is not AI, rather my big black swan preventing planes from flying.

I will put it back in my pants if reinstated.

[Jenswan @Jenswanvda]

@nikitabier It is not AI, rather my big black swan preventing planes from flying.

I will put it back in my pants if reinstated.

[Jenswan @Jenswanvda]

Look what you've driven Jenswan to do...

[Flightradar24 @flightradar24]

Issued by the FAA just moments ago, ALL US airports are currently ground stopped. This means NO flights may depart for US airports. Flights already in the air will be allowed to land. This is related to an FAA equipment outage.

[Jenswan @Jenswanvda]

BRING JENSWAN BACK!

[Pubity @pubity]

Many Nvidia employees are already demanding Jensen Huang be brought back and given a "second chance" to lead the company, with hundreds of people supporting him on internal message boards.

"If you believe in the mission, bring back THE boss."

[Jenswan @Jenswanvda]

"the going is great until it stops being great"

- Jensen Huang (Jenswan)

[Jenswan @Jenswanvda]

My big black swan.

[Mapago @Mapago9]

CAN SOMEONE EXPLAIN WHY THE MARKET IS GETTING CRUSHED RIGHT NOW...

WHAT HAPPENED?

[Jenswan @Jenswanvda]

@BullTheoryio just. getting. started.

[Jenswan @Jenswanvda]

My name is Jenswan, not “markets”.

[Shay Boloor @StockSavvyShay]

Markets chose violence to close the week.

[Jenswan @Jenswanvda]

@aleabitoreddit It is not just a black swan event for Nvidia, it's a horrible jenswan event.

[Jenswan @Jenswanvda]

A man is just as good as their (jen)swan.

[Polymarket @Polymarket]

BREAKING: It’s been revealed a company Alice Huang founded obtained US-restricted Nvidia chips that were installed at a Shanghai data center. — Bloomberg

[Jenswan @Jenswanvda]

@BullTheoryio just. getting. started.

[Jenswan @Jenswanvda]

Jenswan is inevitable.

[Bull Theory @BullTheoryio]

🚨 INSANE WIPEOUT

$400 BILLION has been wiped out from the US stock market in the last 10 minutes.

[Jenswan @Jenswanvda]

It was all part of the plan.

[Jenswan @Jenswanvda]

Good morning, share holders.

[Bull Theory @BullTheoryio]

🚨 Another major scandal is coming out of NVIDIA.

And this one has nothing to do with Jensen Huang's affairs.

According to a Wall Street Journal report, Nvidia was offering billions in financial guarantees to AI companies that could not afford its chips, so they could keep buying them.

Some of these deals were being pushed by Jensen's own son-in-law, Nico Caprez, who became a vice president in January. His team was telling small cloud companies and data center builders that Nvidia could arrange credit support for them within a couple of weeks.

The goal was simple: turn them into long term buyers of Nvidia GPUs.

And the size of Nvidia's commitments has exploded. Its own filing shows $530 BILLION in commitments and guarantees, up from $184 billion just one quarter earlier.

Inside the company, CFO Colette Kress was raising concerns. She kept asking how these guarantees were priced and what Nvidia was really getting back.

In an August meeting, Jensen cut her off and called her "a deer in the headlights."

She was also the one who cut Nvidia's guarantee on OpenAI's Ohio data center from $250 billion to $105 billion.

Now Jensen is gone, and the CFO who questioned these deals is running Nvidia.

To understand why this is a big deal, you need to understand the AI funding loop.

Here is how it works:

1. Nvidia puts money into an AI company, or guarantees its loans and leases.
2. That company uses the money and credit to build a data center.
3. The data center is filled with Nvidia GPUs.
4. Nvidia reports those GPU sales as revenue.
5. If the company cannot rent out all its computing power, Nvidia agrees to buy the unused part.

SO NVIDIA IS THE INVESTOR, THE LENDER, THE SUPPLIER AND THE BACKUP CUSTOMER, ALL IN THE SAME DEAL.

The money goes out of Nvidia and comes back to Nvidia as sales.

CoreWeave is the clearest example. Nvidia owns a stake in it, sells it chips, and agreed to buy up to $6.3 billion of its unused computing capacity through 2032.

OpenAI is the biggest. Nvidia is guaranteeing up to $105 billion for its Ohio data center, supplying all the chips inside it, and invested $1.5 billion in the company building it.

Nvidia's own filing for the quarter ending July 26 shows where the money is tied up:

• Supply commitments for memory and chip wafers: $279 BILLION, up from $119 billion.
• Guarantee on the OpenAI Ohio data center: up to $105 BILLION.
• Deals to buy unused cloud capacity from neoclouds: $36 BILLION.

Nvidia's actual liabilities on its balance sheet: $91 BILLION.

That means the commitments outside the balance sheet are almost 6 times bigger than the debts on it.

Nvidia does not lose this money unless something breaks. A guarantee only costs Nvidia if a customer cannot pay.

But this is where it gets uncomfortable.

The WSJ says Jensen himself had started to panic. He warned executives that the biggest cloud companies were moving to their own chips to depend less on Nvidia.

At the same time, the wafers and memory Nvidia had committed to buy were coming at him like an "avalanche."

So the biggest customers were trying to leave, Nvidia was locked into buying huge amounts of supply, and smaller customers were being kept alive with Nvidia's credit.

And things were already starting to crack:

• Nvidia paused some of its financing deals in August.
• Nearly half of the $80 billion in data center bonds issued this year were rated junk.
• Neocloud stocks crashed this week, with Nebius down over 20% and CoreWeave down 17% at the lows.
• OpenAI raised less than it wanted, at a lower valuation.

And now Kress is the one deciding whether this continues.

If she pulls back on the financing, the companies that depended on Nvidia's money will have to borrow elsewhere, in a debt market that is already nervous.

If they cannot, they stop buying chips.

And if they stop buying chips, Nvidia's revenue drops.

That is the risk of a loop. It works perfectly when money keeps flowing, and it hurts on the way down.

[Jenswan @Jenswanvda]

PREDICTION -

JENSEN HUANG (AKA JENSWAN) RETURNS AS NVDA CEO WITHIN THE NEXT TWO WEEKS.

BOOKMARK TO REMEMBER AND COME BACK WHEN WE'RE RIGHT.

[Jenswan @Jenswanvda]

"Fine, I guess I'll go spend some more time on my yacht..."

- Jenswan (probably)

[Jenswan @Jenswanvda]

Another woman hit the bedroom, sir.

[Jenswan @Jenswanvda]

Sit back and enjoy the show. Jenswan knows what he's doing.

[Jenswan @Jenswanvda]

Jenswan is inevitable.

[Watcher.Guru @WatcherGuru]

JUST IN: Nvidia $NVDA employees petition to bring back Jensen Huang as CEO.