The Original Lampasshole (@TheOriginalLampasshole)

“It’s no longer enough for Nvidia to produce good quarterly results,” said Daniel Newman, chief executive of tech research and advisory firm Futurum Group. “They have to produce perfect quarterly results.” Wall Street and the financial media try to get everyone lathered up about NVDA's reports because they know the numbers will be good and Mr. Leather Jacket will be wildly bullish.   "Perfect" quarterly results or not, the reality is they're meaningless. Nvidia is at the back end of the caboose. NVDA's results are completely dependent on the continuation of the out-of-control hyperscalers' spending levels and that will ultimately be determined by whether the hyperscalers are generating enough revenue to justify the spending (so far, they're not - it's not even close).   The real question is whether we reached the point where investors have had enough of the Silly-con-Valley and Wall Street "AI" hype? Are they ready to recognize the wild spending is mostly trumped-up malinvestment that tends to occur during liquidity-fed bubbles? We should learn more about the reaction to the "perfect" NVDA quarterly results in coming days and weeks.