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The Guardian - UK
The Guardian - UK
Technology
Aisha Down and Dan Milmo

Nvidia insists it isn’t Enron, but its AI deals are testing investor faith

Jensen Huang signing autographs as he enters a US Congress building.
Nvidia’s chief executive, Jensen Huang, has been on an energetic world tour as the company’s share price has soared. Photograph: Evelyn Hockstein/Reuters

Nvidia is, in crucial ways, nothing like Enron – the Houston energy giant that imploded through multibillion-dollar accounting fraud in 2001. Nor is it similar to companies such as Lucent or Worldcom that folded during the dotcom bubble.

But the fact that it needs to reiterate this to its investors is less than ideal.

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