By Edward Zitron
Publication Date: 2025-11-24 16:37:00
This piece has a generous 3000+ word introduction, because I want as many people to understand NVIDIA as possible. The (thousands of) words after the premium break get into arduous detail, but I’ve written this so that, ideally, most people can pick up the details early on and understand this clusterfuck.
Please do subscribe to the premium! I really appreciate it.
I’ve reached a point with this whole era where there are many, many things that don’t make sense, and I know I’m not alone. I’ve been sick since Friday last week, and thus I have had plenty of time to sit and think about stuff.
And by “stuff” I mean the largest company on the stock market: NVIDIA.
Look, I’m not an accountant, nor am I a “finance expert.” I learned all of this stuff myself. I learn a great deal by coming to things from the perspective of being a dumbass, a valuable intellectual framework of “I need to make sure I understand each bit and explain it as simply as possible.” In this piece, I’m going to try and explain both what this company is, how we got here, and ask questions that I, from the perspective of a dumbass, have about the company, and at least try and answer them.
Let’s start with a very simple point: for a company of such remarkable size, very few people — myself included, at times! — seem to actually understand NVIDIA.
NVIDIA is a company that sells all sorts of stuff, but the only reason you’re hearing about it as a normal person is that NVIDIA’s stock has become a…
