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
Crazy final paragraph. The whole article is about Nvidia has artificially created scarcity for its products by funding AI start ups to buy it’s products.
It is effectively buying back its own products. This alongside the circular payment systems between AI companies and Nvidia is destined to end very very badly. It can only work while the market grows and share prices go up. It is destined to be one catastrophic collapse when things go the other way.
Crazy final paragraph. The whole article is about Nvidia has artificially created scarcity for its products by funding AI start ups to buy it’s products.
It is effectively buying back its own products. This alongside the circular payment systems between AI companies and Nvidia is destined to end very very badly. It can only work while the market grows and share prices go up. It is destined to be one catastrophic collapse when things go the other way.
This is only possible because the stock market is a fucking Ponzi scheme