$SMCI continues to lose 10% per day or more. https://t.co/qGQbukC1T8 https://t.co/g3S6n9VsEk
📈 $NVDA accounts receivable 📈 from $9B to nearly $15B to show “growth”. AR means they’ve claim sales but haven’t collected the 💵. If Nvidia keeps 📈 receivables to hit this QTR “beat”, it could face accounting issues in its next 10K filing, like $SMCI today. https://t.co/RFMtdyDxHj https://t.co/SqRPDatNai
📈 $NVDA accounts receivable 📈 from $9B to nearly $15B to show “growth”. AR means they’ve claim sales but haven’t yet collected the 💵. If Nvidia keeps 📈 receivables to hit this QTR “beat”, it could face accounting issues in its next 10K filing, like $SMCI today. https://t.co/G1AG98QQ2J
Concerns are mounting over the financial practices of Super Micro Computer, Inc. (SMCI), which has reportedly seen its stock price plummet by 90% in recent months. Allegations of inflated accounts receivable and deferred revenues have raised questions about the company's accounting integrity. Analysts suggest that SMCI's accounting issues could have broader implications for Nvidia Corporation (NVDA), which has recently reported a significant increase in accounts receivable, rising from $9 billion to nearly $15 billion. This increase suggests that Nvidia may be claiming sales that have not yet been collected, potentially leading to accounting challenges in its upcoming 10-K filing. As SMCI continues to lose approximately 10% of its stock value daily, the scrutiny of its financial practices has intensified, prompting speculation about the potential exposure of other companies, including Tesla, Inc. (TSLA).