New details reveal that former NVIDIA CEO Jensen Huang used circular financing to fund AI startups and absorb excess TSMC wafers and memory rather than letting GPU prices drop
Nvidia manipulated prices so much, big tech abandoned the ship: Huang privately admitted that major cloud giants were pivoting away from NVIDIA in favor of in-house custom chips. With hyperscalers actively reducing their reliance on “off-the-shelf parts,”
That pivot would probably take a decade to happen though. It would be a major long-term issue for nVidia if it was successful, but it wouldn’t be something that would happen quickly.
Nvidia manipulated prices so much, big tech abandoned the ship: Huang privately admitted that major cloud giants were pivoting away from NVIDIA in favor of in-house custom chips. With hyperscalers actively reducing their reliance on “off-the-shelf parts,”
That pivot would probably take a decade to happen though. It would be a major long-term issue for nVidia if it was successful, but it wouldn’t be something that would happen quickly.