• Nvidia: There was a red flag in its earnings report, but is the stock still a buy?

    AI written in blue on a digital chip.

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    Key Points

    • Nvidia has again saw its revenue continue to surge.
    • Demand for its chips remains insatiable.
    • However, its ballooning accounts receivables is a red flag investors need to monitor.

    Nvidia (NASDAQ: NVDA) continued its streak of remarkable revenue growth in its third quarter (ended Oct. 26), as demand for its graphics processing units (GPUs) remains insatiable. However, there was one red flag in its report that investors should be aware of moving forward. Nonetheless, the stock jumped on the results, and it is now up more than 40% on the year.

    Let’s dig into Nvidia’s results and prospects to see whether investors should buy the stock or take some profits.

    Strong revenue growth, but…

    Nvidia once again reported remarkable revenue growth, especially for a company of its size. For its fiscal Q3, its revenue soared 63% to $57 billion, easily topping the $54.9 billion consensus as compiled by LSEG. Adjusted earnings per share (EPS), meanwhile, climbed 67% to $1.30, coming in ahead of the $1.25 analysts expected.

    Data center revenue was once again Nvidia’s biggest growth driver in the quarter, with revenue jumping 66% to $51.2 billion, helped by momentum with its Blackwell chips. Within its data center segment, its networking portfolio also once again shone, with revenue surging 162% $8.2 billion. The company credited the growth to its NVLink interconnect solution, as well as its InfiniBand and Spectrum-X Ethernet products. Its report highlighted that Meta Platforms, Microsoft, and Oracle are all building huge AI factories using its Spectrum-X Ethernet switches.

    On its call, Nvidia management said it saw no signs of an artificial intelligence (AI) bubble and that demand continues to exceed its expectations. Management noted that its cloud GPUs were sold out and that all generations of its GPUs are being fully utilized.

    In a direct counter to famed investor Michael Burry’s bearish argument on the AI infrastructure space, Nvidia also said that its older A100 GPUs that were shipped six years ago were still running at 100% utilization in large part thanks to its CUDA software platform. Burry had argued that the useful life of GPUs is only two to three years. Thus, cloud computing companies were overstating their earnings because their GPUs had been depreciating over the six years.

    The company also noted that despite getting a license to sell its H20 chips in China, revenue was minimal in the quarter, with only about $50 million in sales.

    Nvidia’s other segments also produced solid results. Gaming revenue jumped 30% to $4.3 billion, while its professional visualization segment sales soared 56% to $730 million. Meanwhile, its automotive segment saw revenue climb 32% to $592 million. The strong auto performance was driven by self-driving solutions and partnerships like the one it established with Uber.

    The company continues to be a cash-flow machine, generating operating cash flow of $23.8 billion and free cash flow of $22.1 billion in the quarter. It ended the quarter with cash and marketable securities of $60.6 billion and $8.5 billion in debt after buying back $12.5 billion in stock in the quarter.

    Looking ahead, Nvidia guided for Q3 revenue to come in around $65 billion, which would represent 65% growth. The forecast does not assume any data center revenue coming from China.

    While the report and guidance were strong, the one red flag with Nvidia’s report was that the company continues to see its accounts receivable balloon. During the quarter, this metric climbed 89% year over year to $33.4 billion, outpacing its sales growth. Accounts receivable is how much money is owed to the company for products that have been shipped. Continued big jumps in this metric can be a sign of channel stuffing or collection problems. Given that Nvidia has started to make investments in its customers, like OpenAI and Anthropic, this makes it even more notable, as the chipmaker is essentially providing the cash these companies need to help buy its chips. This type of circular financing likely isn’t sustainable over the long run. 

    Is Nvidia stock still a buy?

    While I think investors need to be aware of the potential pitfalls of Nvidia’s circular financing and ballooning accounts receivable issue, I wouldn’t dump the stock yet. The company is still seeing incredible growth and generating a ton of cash. The insatiable demand for its chips is real, and the company has created a wide moat through its CUDA software platform and NVLink interconnect solution, which helps its chips act like one powerful unit.

    Whether this red flag becomes a problem in the future will likely come down to OpenAI. The AI model company is looking to spend aggressively on building out AI infrastructure, but it is currently losing money and burning through cash. However, it’s also tied itself to nearly every major player in the AI space, perhaps making it too important to fail. However, this is not something that will play out until years down the road.

    In the meantime, I’d expect Nvidia to continue to produce robust growth and continue to be one of the biggest beneficiaries of AI. As such, I view the stock as a buy, with the caveat that I’d continue to monitor this risk.

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    The post Nvidia: There was a red flag in its earnings report, but is the stock still a buy? appeared first on The Motley Fool Australia.

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    Should you invest $1,000 in Nvidia right now?

    Before you buy Nvidia shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Nvidia wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 18 November 2025

    .custom-cta-button p { margin-bottom: 0 !important; }

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    More reading

    Geoffrey Seiler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Meta Platforms, Microsoft, Nvidia, Oracle, and Uber Technologies. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has recommended Meta Platforms, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Black Friday hot sellers: US consumers are expected to spend $11.7 billion online. Here’s what’s set to go fastest.

    black friday display
    Consumers are expected to spend $11.7 billion online.

    • US consumers are projected to spend a record $11.7 billion online this Black Friday.
    • Expected top Black Friday sellers include toys, electronics like the iPhone 17, and skincare products.
    • AI shopping assistants and big discounts are fueling record holiday e-commerce spending.

    American shoppers are coming off a strong Thanksgiving spending period, with Black Friday expected to set a record.

    Adobe's initial Black Friday e-commerce data projects that consumers will spend a record $11.7 billion online, up 8.3% from 2024. Shoppers are expected to take advantage of deals early and outpace Cyber Monday spending, as they anticipate finding the best deals on Friday, according to Adobe.

    Users are hunting for toys, electronics, and skincare as gifts, with Labubus and Lego sets expected to sell quickly. On the electronics front, demand for the iPhone 17 is strong, Adobe said, and the Oura ring is also a popular choice.

    Although the PlayStation 5 remains a highly sought-after item in 2025, it's expected to be dethroned by the Nintendo Switch 2 as the top gaming console this Black Friday. Self-care also appears to be a significant trend, with hair care tools, fragrances, and skincare sets on Adobe's shortlist.

    Black Friday follows a better-than-expected Thanksgiving day, which came in at $6.4 billion, a 5.3% bump year over year.

    The record spending was driven by big discounts, impulse-led mobile shopping, and AI shopping assistants, according to Vivek Pandya, lead analyst at Adobe Digital Insights. On Thanksgiving, the number of consumers who visited US retail sites through an AI chat service increased by 725% compared to last year.

    Many major retailers invested in their own generative AI chatbots or partnerships in time for holiday shopping. Target, for example, launched a holiday-themed AI shopping assistant that suggests gift ideas based on user prompts.

    Overall, Adobe estimates that Cyber Week (the five-day period including Thanksgiving, Black Friday, and Cyber Monday) will account for 17.2% of spending this season, totaling $43.7 billion.

    Read the original article on Business Insider
  • American money is transforming the Cotswolds into the ‘Hamptons of England’

    Facade of D'Ambrosi Fine Foods
    D'Ambrosi Fine Foods is an American-run business in Stow-on-the-Wold.

    As locals gossip beneath the low-beamed ceiling of a coffee shop, I ask Audrey Ann Masur to speak up.

    "I'm always trying to speak more quietly, so I'm not getting that stereotype," the 37-year-old from Indiana whispers across our table with a nervous smile, her decaf coffee steaming in the autumn chill.

    We're in the Cotswolds, an 800-square-mile pocket of English countryside dotted with towns and villages. Masur and her young family moved here from South Carolina five years ago, when her husband was reposted by the US military.

    Her accent has prompted older locals to corner her at the grocery store and press her on her political views, Masur says. So, she figures it's best to keep her voice down.

    I hope Masur, who documents life in the Cotswolds on Instagram for her 13,700 followers, can help me understand why this area has become a hot spot for transatlantic elites in recent years. I want to know how locals are reacting as old British money and new international money meet and — as the American "invasion" headlines in the British press suggest — clash.

    Masur is neither a billionaire nor a millionaire — "I drive a Honda Jazz," she says — but she has met some of the wealthy American newcomers at influencer events and watched businesses change in the relatively short time she has been here.

    "There are a lot more places that want to please people of a certain socioeconomic status," Masur says.

    Audrey Ann Masur
    Audrey Ann Masur, 37, has lived in the Cotswolds for five years.

    Recent high-profile visitors to the area, which straddles six counties, include Taylor Swift, Eve Jobs, who married here in July, and JD Vance, whose security checkpoints put the sleepy village of Dean on lockdown in August. Others, like Masur, are calling it home. Ellen DeGeneres has lived here since 2024, and Beyoncé and Jay-Z are rumored to be looking for property.

    This is part of a lucrative boom in Americans heading to the UK. In 2024, there were a record 5.6 million visits from the US, up half a million on the previous year. Those visitors spent a record £7.3 billion, or about $9.5 billion, in 2024 — £1.1 billion more than in 2023, according to data from VisitBritain.

    They're also spending more: In 2024, adjusted for inflation, Americans spent £68 more per trip to the UK than they did in 2023.

    Figures provided to Business Insider by the UK government show that the number of US nationals applying for British citizenship also hit a record high in the second quarter of 2025, following the inauguration of President Donald Trump. Between April and June, 2,194 Americans applied — up 50% on the same period last year.

    Stow-on-the-Wold street
    Stow-on-the-Wold, in the Cotswolds, has centuries-old inns and honey-colored buildings.

    From the sheer number of what sound like American accents I hear during my trip in late October — although I meet some Canadian ladies hurt by my assumption — it feels as though most have headed straight to the Cotswolds.

    Two real estate professionals told me they are seeing the spoils of this trend: more American tech founders, media moguls, and billionaires looking for historic properties in the region.

    "Once there's a critical mass of like-minded people in the area, it draws more and more people of that profile," says Harry Gladwin, a Cotswolder and partner at The Buying Solution, which advises wealthy foreigners on finding homes here.

    Armand Arton, the founder of Arton Capital, which helps ultra-high-net-worth clients secure second homes and citizenships, says US politics has motivated a lot of his clients to seek homes in this part of rural England. But owning heritage properties — castles and country estates that many British aristocrats can no longer afford to maintain — is also about status.

    "New money wants old-money trophy assets," Arton says.

    The Battle of Little Tew

    Nowhere is the tension between locals and new money, much of it American, clearer than in Little Tew. Many of the village's 500 residents have spent years protesting against plans by the billionaire Soho House executive Ron Burkle to build a sprawling estate on a 90-acre plot of land on its outskirts.

    In a letter of objection, one villager described the scale of the project, which would involve building a country house, a highway, a lake, and a swimming pool, as "grotesque."

    The matter was settled at a parish meeting in October, when 27 residents voted unanimously against the plans — that is, unless Burkle lodges an appeal or submits a revised application.

    "We were concerned that this house would probably, if built, be underused," says Anthony Cripps, 59, a recruitment consultant who lives in the village and chaired the meeting.

    Burkle hasn't addressed the plans in the press, and his office did not respond to a request for comment from Business Insider.

    The David and Goliath battle unfolding in Little Tew echoes others in the Cotswolds, albeit on a smaller scale.

    Cotswolds
    The Cotswolds is an 800-square-mile region of English countryside, dotted with quaint towns and villages.

    A 2024 report by Cotswold District Council found that second homes in the area are putting pressure on an already tight housing supply. Council data provided to Business Insider shows that the number of second homes has gradually risen each year since April 2021, when it first collected data. By April 2025, there were 1,597 second homes in the district — up 3.5% on the previous year and about 6.5% over four years.

    A 100% Council Tax Premium introduced in April essentially doubled the bill paid by owners of furnished second homes, with the revenue going toward affordable housing and local services in the Cotswolds. It's one measure aimed at slowing the kind of rural gentrification that risks pricing out longtime, less affluent residents.

    "It's seen as the playground of the rich and famous, but if you strip away that veneer, you do have quite a lot of rural isolation going on and poverty," says Paul Hodgkinson, a councillor whose constituency includes the tourist hot spot Bourton-on-the-Water.

    The tension here isn't only between Americans and locals, but more broadly about what happens when wealth of any origin starts pouring into a region.

    "I don't want to single out Americans," Hodgkinson says.

    "It's not just about people from abroad buying second homes and holiday homes," he adds. "It's anyone."

    UK government data shows that in 2024, the Cotswolds was among the least affordable places to live in England and Wales, with the average house costing 13.8 times the typical yearly salary of a full-time employee in the area, at £440,000 on £31,795.

    Hodgkinson worries that in addition to worsening the housing crunch, more second-homers could have a cultural impact by hollowing out village life — locals congregating at the pub and organizing village fetes risk being replaced by wealthy visitors dropping by for short, luxury breaks.

    'Americans are happy to spend more'

    While some are uneasy about the changing Cotswolds, others see it as an opportunity.

    Alison Tighe
    Alison Tighe, Stow-on-the-Wold's mayor, outside the town's St. Edward's Church.

    In a snug four-table room up a narrow, creaking staircase at Stow-on-the-Wold's New England Coffee House, Alison Tighe, the town's mayor, tells me Americans are "bringing investment."

    She gestures toward a kind of trickle-down logic. "When you have more investment in this area, you've not just got jobs for local people, you've also got improved services," Tighe says.

    To Gladwin, the real estate agent and Cotswolds local, the influx of money has injected some dynamism into the area, which he says was once a "sleepy backwater" for retirees.

    "Whether you want a vegan flat white, reformer classes, cryotherapy, or just a long walk with the dogs, you can do everything here," he says.

    Farmshop in Cotswold
    The Daylesford Organic Farmshop is a luxurious shopping destination near Moreton-in-Marsh.

    That much is clear at Daylesford Organic — effectively the Erewhon of the Cotswolds — where I see a woman inspecting £39 collagen and açai supplements as her cavapoo sniffs at a shelf lined with £28 jars of artisan hazelnut spread. Women in activewear holding green juices head into the connecting Bamford spa, where sound healing classes are on offer, and £235 toning massages await.

    It's a far cry from the Cotswolds of old, with its muddy wellies and unpretentious tea rooms.

    Jack Forbes
    Jack Forbes manages the Bull in Burford, a hotel and collection of restaurants.

    While the money transforming the Cotswolds isn't exclusively American, the US influence on the area's culture is on clear display during my trip.

    Ten miles from Stow-on-the-Wold in Burford, Jack Forbes, the general manager of the Bull, a luxury hotel and group of restaurants with a distinctly Soho House feel, tells me businesses are "growing up."

    He says Americans, who now make up as much as half of his clientele, are raising the bar in the Cotswolds and bringing with it US tipping culture.

    "There's no doubt Americans are happy to spend more," he says.

    Lauren O'Brian, the co-owner of The Sweet Shop in Burford,
    The Sweet Shop in Burford is a business run by the O'Brian family.

    Lauren O'Brian, the co-owner of The Sweet Shop in Burford, says that in recent years, more Americans have been stocking up on traditional candy — sherbet lemons, rhubarb and custard sweets, and Turkish delight. She thinks they're attracted by the quaint country life depicted in period dramas like "Downton Abbey."

    A few doors down, Cindy Kosmala, the owner of Hugo Lovage Patisserie, tells me that American clients, including celebrities, are keeping her business alive.

    Cindy Kosmala
    Cindy Kosmala owns the Hugo Lovage Patisserie in Burford.

    I hear a similar story at D'Ambrosi Fine Foods back in Stow-on-the-Wold, where a rustic table piled with high-end British deli items sits beneath a taxidermied pheasant. Outside, the window display features packets of Reese's Pieces, Cracker Jack, and "All-American Pancake Mix" beneath a rolled-up American flag.

    The 'Hamptons of England'

    I ask the owner, Jesse D'Ambrosi, a Massachusetts native who opened the luxury deli six years ago, what she thinks of the Cotswolds being dubbed the "Hamptons of England." "I have said that," she says with a smile, "because it is."

    The store's eclectic stock reflects how the Cotswolds' old-money sensibilities are increasingly being curated by and for newcomers with American twangs and expensive tastes.

    All-American Pancake Mix
    D'Ambrosi Fine Foods in Stow-on-the-Wold stocks continental deli items, as well as American favorites.

    Outside the coffee shop where we met, Masur and I prepare to say goodbye, and she gestures to Stow's high street.

    "At all of these places, all of a sudden, they're serving more iced coffee, which I love — but this has to have something to do with more Americans coming through."

    Whether these changes are everyone's cup of tea is a different matter.

    Read the original article on Business Insider
  • Michael Burry just started a massive group chat on Substack, and it’s as chaotic as you’d expect

    Michael Bury
    Michael Burry's Substack group chat is about as chaotic as you might expect.

    • Michael Burry just started a group chat open to all of his paid subscribers on Substack.
    • The chat quickly filled with jokes, memes, videos, and questions for Burry.
    • The investor of "The Big Short" fame has pivoted from running a hedge fund to writing online.

    Michael Burry just invited all of his paid subscribers to a group chat, and it's just as chaotic as you'd expect.

    The investor of "The Big Short" fame pivoted this month from running a hedge fund to publishing a Substack named "Cassandra Unchained." It has amassed more than 97,000 subscribers since it launched on Sunday.

    "This is a conversation space exclusively for paid subscribers—kind of like a group chat or live hangout," reads Burry's introductory post. "I plan to post updates that come my way, and you can jump into the discussion."

    The first reply on the chat reads: "I think Dr. Burry just broke Substack."

    Another early response jokes about Burry's disclosure this week that he owns bearish put options on Nvidia and Palantir stock: "I think Dr Burry is going to make more money from Substack than his NVDA and pltr puts 🤣"

    A third poked fun at a potential spike in traffic to Substack. "Someone pray for substacks backend engineers."

    "It's gonna be legendburry!!" one subscriber wrote, while another noted: "This chat is gonna be nuts."

    "Bro don't allow anyone to start threads. This a spam fest," one concerned poster added.

    A screenshot of Michael Burry's Substack chat.
    A screenshot of Michael Burry's Substack chat.

    Other subscribers rushed to post memes, videos, and even photos of Black Friday crowds. The questions to Burry ranged from who the next chair of the Federal Reserve might be, to how an 80-year-old should invest to prepare for a crash, to how the dollar stacks up against other currencies.

    Burry resurfaced on X in late October after more than two years of silence, and has wasted no time issuing numerous warnings of an AI bubble and taking aim at key players such as Nvidia and Palantir.

    The investor, who has 1.6 million X followers, is best known for predicting and profiting from the collapse of the US housing bubble that triggered a global financial crisis, and for issuing dire pronouncements of crashes and recessions.

    He became famous in financial circles after his bet against the subprime mortgage market was featured in author Michael Lewis' book "The Big Short," and actor Christian Bale played him in the movie adaptation.

    Read the original article on Business Insider
  • Where people are — and are not — eating right now

    Florida, Orlando, Chili's Grill & Bar, restaurant entrance.
    Florida, Orlando, Chili's Grill & Bar, restaurant entrance.

    • The restaurant industry is under pressure as consumers cut back.
    • Rising prices and tighter budgets are affecting where people eat.
    • Casual dining spots like Chili's are booming, while pricey salad chains like Sweetgreen flounder.

    Have you recently given up your salad-bowl lunch habit? You're not alone.

    Many American consumers are feeling the pinch, and it's affecting how they shop, and where and how often they dine out.

    Consumer sentiment is down, job cuts are on the rise, and dining out has become pricier as operators contend with higher labor, ingredient, and rent costs.

    People are looking for value — but not necessarily the cheapest option — through loyalty perks, portion sizes, and perceived quality.

    Here's a look at some of the chains that are — and are not — benefiting from this:

    What's in: Casual dining, packed lunches

    UNDER EMBARGO: Chili's Big Smasher burger
    Chili's Big Smasher burger.

    Millennials tried their best to kill off casual dining chains, but the next generation is helping bring them back.

    Chili's has been leading the way here and outperforming rivals like Applebee's. The Tex-Mex chain, which also serves American classics like burgers and fries and is owned by Brinker International, reported a 21% surge in sales for the most recent quarter.

    Analysts say it was quick to capitalize on rising fast-food prices, offering deals such as its $10.99 Big Smasher burger.

    It also simplified its menu and overhauled its marketing to speak to younger diners. Gen Zers seem to be lapping up its content and are making viral videos about its menu items.

    At the same time, tighter budgets and hybrid working have also been reshaping midday dining.

    Pricier lunch spots, such as Chipotle, said they are losing out as people choose to eat at home more.

    "For occasions like lunch, people are substituting things like eating at home, bringing in food from home, or finding cheaper local alternatives," GlobalData Retail analyst Neil Saunders told Business Insider.

    Lower-cost grocery chains may be benefiting from this. Walmart's imminently departing CEO Doug McMillon said the chain is continuing to gain market share in grocery and grow its higher-income shopper base.

    What's out: $15 salads

    Sweetgreen store
    Sweetgreen is struggling.

    The "slop bowl" chains are having a tough time right now.

    Execs from Chipotle, Cava, and Sweetgreen all said in recent earnings calls that they're seeing fewer visits from millennial and Gen Zers.

    "The whole salad scene has dissipated," Phil Kafarakis, CEO of IFMA, The Food Away From Home Association, told Business Insider.

    They've "tripped up over themselves because their economics and pricing don't fit the consumer that they were really so close to," he added.

    Sweetgreen's CFO said in the company's most recent earnings call that spending from the 25 to 35 age group, 30% of the chain's consumer base, was down 15% in the recent quarter as this cohort came under pressure.

    The challenge now is figuring out how they address their pricing, knowing that their core demographic can't afford it, Kafarakis said.

    Investors appear to be wary as well. Sweetgreen's stock price is down over 80% this year.

    What's mixed: fast food

    mcdonalds fries
    McDonald's said traffic from lower-income diners is dropping across the fast-food industry.

    "Trading down" has become the buzzword of the retail sector right now, as shoppers switch up their routines to find cheaper alternatives.

    McDonald's CEO Chris Kempczinski suggested in the company's most recent earnings call that the fast-food sector is seeing an impact from this, as traffic from higher-income diners grows.

    It's a double-edged sword, however, as the industry is also seeing a decline in traffic from lower-income diners, he said.

    "We continue to see a bifurcated consumer base," Kempczinski said.

    We "remain cautious about the health of the consumer in the US — and believe the pressures will continue well into 2026," he added.

    Read the original article on Business Insider
  • ‘Wicked: For Good’ director Jon M. Chu says he auditioned actors for Dorothy behind a sheet

    Tin Man Dorothy Lion Scarcrow looking at The Wizard in Wicked For Good
    "Wicked: For Good."

    • Director Jon M. Chu used silhouette-only auditions to cast Dorothy in "Wicked: For Good."
    • Dorothy's face is never shown in the film in order to keep the attention on Elphaba and Glinda.
    • Bethany Weaver, a dancer, was ultimately cast as Dorothy.

    Dorothy's pigtails and ruby slippers are iconic in "The Wizard of Oz." But when it came to casting someone to play the character in "Wicked: For Good," director Jon M. Chu wanted the rest of her to be as unrecognizable as possible.

    Dorothy's face is never shown in the movie — she's only shot from far away, from the legs down, or in silhouette. So Chu decided that for the auditions, he didn't want to see the performers' faces.

    "We would put a sheet up, looking at the performer's silhouette," Chu told Business Insider. "Through that, I was looking at how she could walk, but also, could I guide her in that way? The person had to have youthful energy."

    "We ultimately chose a dancer, Bethany Weaver," Chu added.

    Despite the plan to never show Dorothy's face, Chu admitted that he questioned his choice throughout filming.

    Cynthia Erivo Ariana Grande Jon M Chu talking on the set of Wicked For Good
    (L-R) Cynthia Erivo, Ariana Grande, and Jon M. Chu on the set of "Wicked: For Good."

    "We shot some things where you could see her face," Chu said. "But every time, it was a distraction."

    Chu said whenever he was unsure about not showing Dorothy, he would remind himself that the story is ultimately about Elphaba and Glinda.

    "So every time it drew us to, 'What does Dorothy think?' we reminded ourselves of that," he said.

    Though her face is never seen on screen, Weaver is grateful for landing the role.

    "It's been an honour to carry the legacy of the brilliant women before me who have stepped into these shoes and embarked on the yellow brick road," she wrote in an Instagram post. "I hope I have made them proud."

    "Wicked: For Good" is now playing in theaters.

    Read the original article on Business Insider
  • Bridgewater’s Greg Jensen echoes Michael Burry on Nvidia’s AI chips — and says they could help make themselves obsolete

    A side-by-side image of Michael Burry and Greg Jensen, CIO of Bridgewater Associates.
    A side-by-side image of Michael Burry and Greg Jensen, CIO of Bridgewater Associates.

    • Michael Burry has warned AI giants are overstating how long their Nvidia chips will stay relevant.
    • Bridgewater's Greg Jensen said the chips may be used to invent better chips that make them obsolete.
    • While Burry has warned about circular deals in AI, Jensen said Nvidia is building an ecosystem.

    Michael Burry of "The Big Short" fame has said some of the world's largest AI companies are exaggerating how long their Nvidia chips will last to pad their short-term profits. Now, one hedge fund boss has warned that those chips could make themselves obsolete.

    Greg Jensen, the co-chief investor of Ray Dalio's Bridgewater Associates, told the "In Good Company" podcast this week that the "depreciation schedule is probably going to be quite fast, and you hope it has to be in a sense."

    Jensen explained there's a "resource grab" in AI as companies compete for scarce land, energy, microchips, and scientists, and tech bosses are hoping AI itself can help.

    "One of the things they have to do is figure out how to make the chips more efficient, make the energy more efficient, and they're trying to use AI to do those things," he said.

    Jensen predicted that some of the scientific advances that will "depreciate the current assets will come from those assets themselves," as "AI will generate better ways to do this."

    Puts, deals, and ecosystems

    Burry shot to fame after his massive bet against the US housing bubble was immortalized in the book "The Big Short," and a movie adaptation starring actor Christian Bale as Burry.

    He resurfaced on X in late October after more than two years of silence. Since then, he has sounded the alarm on an AI bubble, closed his hedge fund to outside cash, launched a Substack to share his research, and disclosed he owns bearish put options on Nvidia and another AI darling, Palantir.

    Burry has taken aim at the AI giants for dragging out depreciation from around three years to six years or longer, pointing out that Nvidia is releasing new chips faster and faster, so the current generation will likely lose value more quickly.

    "The hyperscalers have been systematically increasing the useful lives of chips and servers, for depreciation purposes, as they invest hundreds of billions of dollars in graphics chips with accelerating planned obsolescence," he wrote on Substack this week.

    The investor has also called out the sprawling web of "give-and-take deals" between AI companies.

    Jensen said those aren't a product of "normal bubble dynamics" — companies juicing their financials to justify their lofty valuations — as "Nvidia can get as much revenue as it wants" given the immense demand for its chips.

    Instead, Jensen said, Nvidia is scrambling to create its own ecosystem of buyers who won't develop their own chips, in an attempt to stop Alphabet from owning the entire AI "stack."

    "They're like Standard Oil in the Gilded Age, trying to create monopolistic control on things," Jensen said about Nvidia. He added that "everybody's got to lock up who do I partner with, where am I going to get my chips and power — and if I don't do it, I'm going to die."

    Jensen also said the AI investment boom isn't a typical capital cycle, as bosses such as Elon Musk and Sam Altman believe they're in a race to develop a supreme intelligence, and are willing to spend whatever it takes to win.

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  • A Cold War nuclear bunker is buried deep inside a Colorado mountain. See inside the Cheyenne Mountain Complex.

    COLORADO SPRINGS, CO - MAY 11: At the entrance to the Cheyenne Mountain Complex headquarters for NORAD a military shuttle bus exits the mountain May 11, 2004 in Colorado Springs, Colorado. Constructed during the Cold War period in 1958, NORAD (North American Aerospace Command) was responsible for external air, missile and space defense. Since September 11, 2001, it now watches 7,000 aircraft per day within the US NORAD covers each aircraft's flight pattern including contingencies for the US President's flights and landings. NORAD coordinates with civilian authorities and works with the Pentagon, federal, state and local authorities. Canadian military officials make up 10-15 percent of NORAD's 326 total staff. NORAD works with Department of Homeland Security (DHS) but is not part of DHS. The personnel work at 7,000 feet inside a granite mountain. Two 25-ton security doors seal the inside offices from any type of attack. NORAD has a self sufficient survival system with independent water and air supplies.
    The Cheyenne Mountain Complex is located 2,000 feet inside a Colorado granite mountain.

    • The NORAD Cheyenne Mountain Complex dates back to the height of the Cold War.
    • Initially meant for defense against long-range Soviet bombers, it now provides backup and training.
    • The self-sufficient facility is sealed by 23-ton doors and built to withstand nuclear attacks.

    Deep inside a Colorado mountain lurks a remnant of the Cold War era.

    Buried 2,000 feet beneath Cheyenne Mountain is a secret military complex, where 15 buildings can seal themselves off from the rest of the world within seconds in the event of a nuclear blast.

    The complex is said to be designed to withstand a 30-megaton nuclear blast, per the Guardian, which is about 2,000 times as strong as the 15-kiloton bomb that was dropped on Hiroshima.

    Construction on the complex, which is located about 10 miles from downtown Colorado Springs, began in 1961.

    Today, the secretive underground complex remains functional as a backup command center for the North American Aerospace Defense Command (NORAD), a US-Canada binational organization that provides aerospace warning and control over North America, and the US Northern Command (USNORTHCOM).

    Take a look inside.

    The Cheyenne Mountain Complex is buried nearly half a mile deep into a solid granite mountain.
    Cheyenne Mountain

    Born out of the perceived need for a hardened command and control center in the US amid the height of the Cold War, the Cheyenne Mountain Complex was built deep into the Cheyenne Mountain, where solid granite naturally protects operations from outside threats.

    The complex cost $142.4 million to build in the 1960s, or over $1.5 billion in today's money.
    Workmen survey building foundations in one of the chambers inside Cheyenne Mountain in Colorado Springs, Colo., April 5, 1963. The chambers will be the underground headquarters for the North American Aerospace Defense Command (NORAD), the nation's nerve center for defense against neclear attack. Due for completion in 1965, the proposed 15 steel buildings will stand on rows of huge steel springs.

    The complex cost $142.4 million in 1961, or approximately $1.6 billion in today's dollars, according to the US Bureau of Labor Statistics. Construction began in 1961.

    Over the five years it took to build, the 9,565-foot-high mountain was blasted, and more than 693,000 tons of granite were excavated to make way for the operations center.

    The facility became fully operational in 1966 as NORAD's Combat Operations Center.

    During the Cold War, the complex continuously tracked potential Soviet missiles, bombers, or spacecraft.
    The Command Post of the North American Air Defense (NORAD) Cheyenne Mountain Complex. Computer-generated images are projected on two large display screens.

    Throughout the following decades, the Cheyenne Mountain Complex housed operations for NORAD, the US Northern Command, the US Strategic Command, and the US Air Force Space Command.

    Officers inside the mountain worked around the clock to track potential Soviet missile, bomber, and spacecraft launches.

    Today, the center is still functional as a backup and training site.
    A soldier walks into the mouth of the tunnel at Cheyenne Mountain Air Force Station on May 10, 2018 in Colorado Springs, Colorado.

    While the core of NORAD's operations moved to the nearby Peterson Space Force Base in 2006, the Cheyenne Mountain Complex has remained operational as a backup and training facility.

    Today, the complex is owned and operated by the US Space Force, with NORAD and USNORTHCOM using only 30% of the complex's floor space and accounting for 5% of the daily population inside the mountain, according to the US Northern Command.

    The mountain complex is entirely self-sufficient.
    COLORADO SPRINGS, CO - MAY 10: A vehicle drives into the tunnel at Cheyenne Mountain Air Force Station on May 10, 2018 in Colorado Springs, Colorado. NORAD is celebrating its 60th Anniversary at Cheyenne Mountain Air Force Station.

    The complex spans over 5 acres inside the mountain across 15 underground buildings, and is entirely self-sufficient.

    With over 6 million gallons of water stored in carved granite pools and 510,000 gallons of diesel, as well as efficient food storage and thorough air filtration systems, the complex is equipped to operate for weeks on end when sealed off from the outside world.

    The complex is built to endure nuclear, electromagnetic, cyber, and biological attacks.
    A group of media were allowed inside Cheyenne Mountain Air Force Station as NORAD celebrates its 60th Anniversary on May 10, 2018 in Colorado Springs, Colorado.

    The Cheyenne Mountain Complex was built to survive nuclear attacks, but its facilities can also withstand electromagnetic bombs or solar destruction, chemical and biological attacks, and cyberterrorism.

    Two 3-feet-thick, 23-ton blast doors seal off the complex from the outside world.
    Two massive steel doors weighing 30 tons each are among the devices that will seal off the North American Air Defense Command's underground combat operations center in the event of an attack, shown Jan. 26, 1966. The doors, 26 inches thick, are installed in 17-feet thick reinforced concrete barriers in the tunnel leading go the defense command post inside Cheyenne Mountain, near Colorado Springs, Colo.

    In the case of a threatening emergency, the complex is sealed off from the outside world in about 20 seconds by its 23-ton blast doors, which are 3 feet thick and built to endure nuclear shock waves in the case of a nearby explosion.

    The doors, which are open during regular operations, will regularly close for drills.

    The last time they closed outside drills was during the September 11 attacks in 2001, Wired reported in 2017.

    The complex's buildings are mounted on earthquake-resistant springs.
    This Thursday, May 10, 2018 photo shows massive coil springs that support buildings inside the Cheyenne Mountain Air Force Station complex near Colorado Springs, Colo. The springs are designed to absorb the shock of a nuclear explosion or earthquake. The springs are about 3 feet high and made from 3-inch-diameter steel. The U.S. military blasted tunnels out of Cheyenne Mountain in the 1960s for a command center for the North American Aerospace Defense Command, or NORAD, to protect it from nuclear attack. NORAD, a U.S.-Canada command that monitors the skies over both nations, is celebrating its 60th anniversary on May 12, 2018.

    The 15 buildings are mounted atop over 1,300 steel coils designed to absorb seismic shocks in the event of an earthquake or nuclear blast.

    The springs hold the buildings 18 inches above the mountain's rock base to ensure the safety of staff and equipment, per the US Space Force.

    Inside the buildings, pipes are bendy to avoid bursts during potential ground movements, per Wired.

    The complex is also home to the world's "most secure Subway."
    North American Air Defense command Spacious cafeteria in NORAD is underground combat operation center. More than 900 meals are served daily to military and civilian workers inside Cheyenne Mountain. There is also a snack bar. Special permission was given for civilians to use military dining hall. It is 10 miles to the nearest Colorado Springs restaurant. Also inside mountain are facilities for sleeping 800 persons in emergency.

    Between 350 and 580 people work inside the complex every day, the Air & Space Forces Magazine reported in 2016.

    The mountain complex also houses medical and other facilities for staff to use daily and in case of a "button-down scenario," an emergency where the complex closes its doors.

    The facilities include a regular clinic, a dentist, a self-checkout convenience store, and a chapel with a nondenominational chaplain.

    The gym inside the facility, which transforms into a hospital in the case of an emergency, has regularly scheduled spin classes for those working inside the base.

    A Subway located inside the complex, which feeds staff on a daily basis, prides itself on being the world's "most secure Subway" location, per Wired's reporting.

    Today, government officials at the complex monitor the skies for nuclear threats.
    A small group of media were allowed an inside look at the command center at Cheyenne Mountain Air Force Station on May 10, 2018 in Colorado Springs, Colorado.

    Today, government officials working from the mountain complex monitor the skies for evidence of missiles or spacecraft launches, nuclear tests, and suspicious space behavior, among other concerns.

    The command center also provides backup operations and training for NORAD and USNORTHCOM staff.

    To keep communications within the center secure, no electronics connect to outside networks — which are also impossible to reach through the granite mountain — and officials use Defensive Cyber Operations to detect and stop attempts to infiltrate inside networks, Wired reported.

    If the main NORAD and USNORTHCOM command post goes offline, the mountain complex can take over anytime.
    Royal Canadian Air Force Colonel Travis Morehen, NORAD and USNORTHCOM Command Center Director, stands inside the command center inside Cheyenne Mountain Air Force Station on May 10, 2018 in Colorado Springs, Colorado.

    Aside from providing support and training to the Peterson Space Force Base operations, the Cheyenne Mountain Complex is also equipped to take over as a command center for NORAD and US Northern Command if the main command at the base goes offline during an emergency.

    Inside, employees are often reminded of where they are and what they do.
    sign inside cheyenne mountain complex

    Signs like the one above remind employees inside the mountain center that power and personnel are what keep the operations running.

    In the case of an emergency, staffers would be sheltered in the complex, but their families or others on the outside wouldn't be allowed entry, a sacrifice that many of them keep in mind often.

    In the Wired story, an officer told the reporter that in the case of an emergency, he told his family: "I'm going to be in the mountain doing my job… and I can't help you."

    Employees at the complex regularly have "sleepover" drills where they practice leaving their world behind.

    The complex is home to confidential communications … but also harmless jokes.
    A small group of media were allowed an inside look at the command center at Cheyenne Mountain Air Force Station on May 10, 2018 in Colorado Springs, Colorado. As a part of an on going joke the command center has stuffed alien doll in a jar placed in front of the director's desk.

    Aside from the inherent heaviness of working inside a mountain bunker built to outlast nuclear destruction, staff pass their days doing their jobs and even keeping inside jokes alive, like the stuffed alien doll that staffers keep on the director's desk.

    Read the original article on Business Insider
  • My kids were born 17 years apart. My daughter and I grew up together, my son is getting a different version of me.

    A girl is shown from behind on a tree swing.
    The author said that motherhood feels different the second time around.

    • I had my first child when I was 23. I was in my 40s when I had my second.
    • My daughter experienced my youthful, uncertain years. My son is getting a more confident parent.
    • Now I know that presence matters more than perfection, and both of my children experienced that.

    When my daughter was born, I was young and terrified. At 23, I was learning how to be an adult while learning how to raise a child. Motherhood felt vast and uncertain, like stepping into a life that expected everything from me before I'd even figured out who I was.

    Seventeen years later, I had my second child. This time around, I'm in my 40s and older and wiser.

    There's something extraordinary about becoming a mother again after nearly two decades. The world feels different, and I am different.

    My daughter and I grew up together

    Every stage of my daughter's life has mirrored one of my own transformations. When she began school, I returned to university to complete my teacher training, choosing a path that allowed me to share the same holidays and rhythms of her world. As she was making friends, I was learning who I was, too. When she started secondary school, I was stepping into leadership, becoming head of the department. She has seen me break, rebuild, and bloom, all before she ever reached adulthood.

    The author is shown feeding turtles in the water.
    The author said she is grateful that she and her firstborn were able to travel to so many places together.

    There was a time when my anxiety was so heavy that even leaving the house felt impossible. Yet now, she has seen me carry us across continents. Together we've climbed glaciers, paddled through the turquoise waters of the Caribbean Sea, been blessed by monks in a Buddhist temple, been on Safaris in the Savannah, and volunteered in orphanages and women's refuges.

    Now we live in East Africa, where mornings begin with birdsong and sunsets fold into gold. She has watched me turn fear into freedom and learned that courage can be quiet, it's the steady decision to keep moving forward, even when it would be easier to stay still.

    I sometimes wish I had been the woman I am now, more confident and with the wisdom to guide her. But when I look back, I see a different kind of beauty in that earlier version of me. I loved my daughter fiercely, even when I didn't fully love myself. And she learned that love isn't about perfection; it's about showing up, again and again, even when you're scared.

    I started a new chapter that I never expected

    For years, I thought my story as a mother had been written. Life had taken unexpected turns, and I quietly made peace with the idea that there wouldn't be another chapter of the parenting kind.

    Then, I met someone new. His smile, his warmth, his quiet charisma caught me off guard in the gentlest way. I wasn't looking to start over, but life has a way of surprising you when you've stopped expecting it to.

    And then, suddenly, there he was. My tiny miracle, one I had never dared to imagine. I was middle-aged, comfortable in my skin for the first time, and holding a beautiful baby boy in my hands.

    It took us all time to adjust

    When I initially told my daughter that she would be getting a sibling, I could see the storm cross her face. It wasn't anger, really; it was more confusion and hurt. For 17 years, it had just been us, our rhythm. My news rewrote her world overnight.

    During my pregnancy, I felt immense guilt. Guilt for not giving her the perfect childhood I had always wanted for her. Guilt for not giving her siblings sooner. Guilt for taking away the "just me and her" that had defined our little universe for so long.

    A woman looks out at the ocean from the side of a pool.
    The author said it took time for her and her daughter to adjust to adding another sibling to the family.

    But love is a patient teacher, and over time, it showed me that families can expand without breaking. There is room for new beginnings without erasing what came before.

    Now, watching them together fills me with a kind of gratitude I can't put into words. She's seventeen years older, yet she holds him as if he's always belonged in her arms.

    Motherhood is different this time around

    Now, motherhood feels quieter, more deliberate. I don't rush to do everything perfectly or measure myself against invisible standards. I trust my instincts in a way I couldn't before.

    The days still blur together, but I don't wish them away; I know how quickly they pass. There's a peace that comes with knowing who I am, and it allows me to love without the old fear or self-doubt. This time, I'm not trying to prove I can hold it all together; I'm simply allowing myself to be here, holding him.

    A beach sunset
    The author said that she has been able to slow down and take her time with her son, who was born 17 years after her daughter.

    These days, I go on picnics and read my books beneath the trees, telling my son about the shapes of the clouds and the names of the birds. We sit in the stillness, and I let the moments linger. With my first, I remember always being in a hurry, rushing from one thing to the next, thinking I needed to do better, to do more, to earn more money so I could give her a better life. Looking back, I see that she has had an extraordinary one. She grew up with love, adventure, and resilience, all the things that truly matter. I think, perhaps, it was me who needed to slow down, to realise that "better" doesn't always mean "more."

    Raising children 17 years apart has reminded me that life has its own timing. It humbles you. It cracks you open in ways you never expect.

    My daughter got the raw, unedited version of me, all nerves and love and trial by fire. My son gets the calmer, seasoned version, softer around the edges, grounded in grace.

    But both get the same heart, just written in different chapters. In some ways, they are the bookends of my becoming.

    Read the original article on Business Insider
  • I’ve been a military spouse for 7 years. It’s harder than I ever could’ve imagined.

    Author Allie Hubers and her partner in college
    I've been married to an Air Force officer for years, and I never could've imagined how challenging and unpredictable our life would be.

    • I never could've imagined how challenging and unpredictable life would be as a military spouse.
    • Deployments are so hard, we miss living near family, and we hate constantly saying bye to friends.
    • We've learned to appreciate the present while also giving ourselves grace for the path we chose.

    Telling a military spouse, "You signed up for this," is one of the most dismissive things you can say.

    In reality, no one and nothing can prepare you for life as an active-duty spouse.

    I met my husband in college when he was a cadet in the Reserve Officer Training Corps (ROTC), and from the start, we shared big dreams of building a life together.

    I watched him work hard to earn a highly coveted pilot training slot in college, and eventually commission as an Air Force officer one week before our wedding.

    Since then, we've lived in three homes and moved across the country for his job. Between deployments, monthslong trainings, and multiple moves, our life feels anything but normal.

    I thought I knew what to expect from this lifestyle, but I was wrong.

    Though we've met lifelong friends and made the most of our active-duty life, being a military spouse has been harder than I could've imagined.

    I wasn't prepared for how brutal deployments would be

    Author Allie Hubers kissing husband in front of red, white, and blue balloons
    Deployments have been the worst part. It's tough to go from having him be a constant presence in our home to just seeing him for a few short minutes on FaceTime each day.

    My husband has deployed a few times, and it's one of the hardest things I've had to go through.

    During deployment, it felt like our home was drained of the life and love that he brings to it. My world seemed to stand still, and I had to slowly and painfully learn how to navigate life without him.

    Milestones, both big and small, were reduced to messages and phone calls. I remember tearfully breaking the news of my grandpa's passing on the phone, aching for us to be together to grieve.

    The pain of deployments lingers far beyond the actual time apart. The emotional weight begins months before you say goodbye with daunting tasks like drafting wills and arranging life insurance.

    Few people mention the challenges of post-deployment reintegration and navigating how to piece back your life to a sense of normality.

    We deeply miss living close to family

    Author Allie Hubers, husband, and two dogs looking at sunset
    We're constantly juggling my husband's vacation time between holidays, trips, family emergencies, and weddings.

    We're very close to our families in the Midwest, and it's heartbreaking to watch life continue back home without us.

    Though we prioritize returning to the Midwest for holidays and weddings, we still miss the smaller milestones. With each visit, we notice our parents and grandparents quietly aging, and it's painful to feel so far away.

    In moments when our families need support, the distance can be stifling and leave us feeling helpless.

    Saying goodbye to friends hasn't gotten easier

    In the military, friends quickly become family as you bond over shared experiences and a mutual understanding of military life.

    Over the past seven years, we've formed some of our closest friendships through the military, but saying goodbye hasn't gotten any easier.

    I've sobbed into my best friend's shoulder as we parted ways before her overseas move. My husband and I have stood on countless driveways, watching our friends' moving trucks come and go.

    We've held back tears while helping our friends pack their home into stacked boxes.

    As a military spouse, finding your support system and starting over can be exhausting. The more I say goodbye to friends, the less enthusiastic I am about making new ones.

    However, one silver lining is having friends scattered around the globe to visit — and there's always a chance we could get stationed together again.

    Our life rarely feels like it's in our control

    Boxes, totes piled in garage
    We've had to move several times.

    My husband might have signed on the dotted line for his contract, but the military affects both of us. As a military spouse, you give up some of your own freedom to support your partner's service and commitment.

    Even simple things, like planning a quick weekend trip or attending a wedding, require prior approval. Travel must always be authorized, and without that approval, it's considered an unexcused absence with serious consequences.

    Our lives can also change with very little notice. Though we can share our preferences, ultimately, the military's needs take priority.

    We've built a life we love here in Florida, but there's always uncertainty looming about what our future holds.

    We're trying to give grace to our younger selves

    Author Allie Hubers hugging husband in airport
    We've learned to give ourselves grace for making life-altering decisions while still being young and naive.

    My husband committed to ROTC at 19 years old, just a few months before we met. Later in college, he received his dream assignment to train to be an active-duty pilot. He gleefully accepted his admission — and everything that comes with it.

    In reality, it's hard to grasp what a 10-year military commitment really entails as a college kid.

    We dreamed of a life filled with adventure and travel. And while some of that has been true, we've also experienced the weight of sacrifice and uncertainty that we didn't fully anticipate.

    In many ways, we were young and naive, and it's OK to admit life looks different than we envisioned.

    Over the years, my husband and I have learned to live more in the present, appreciate the precious time we have with family, and worry less about the future.

    Read the original article on Business Insider