The Paradox of Nvidia’s Earnings: The Labyrinth of China and Infinite Potential
In a rather reflective gesture, Nvidia’s board authorized a $60 billion addition to its share repurchase program, a maneuver that serves, much like the restructuring of a forgotten library, to reduce the outstanding shares and thereby elevate earnings per share over time. Yet, it is perhaps the presence of China, both a looming specter and an elusive potential, that defines the duality of Nvidia’s present state. The company’s story, with its victories and setbacks, reminds us of a greater truth: that to understand the present, one must look not only at the numbers, but also at the infinitely recursive labyrinth that is geopolitics.