A chip oversupply may have pushed Nvidia to manufacture its own demand
The AI boom has been widely blamed for GPU prices spinning out of control over the past year. Following Jensen Huang’s resignation from Nvidia, new information suggests that this was the goal of the former CEO’s business strategy, which has long drawn accusations of circular financing.
A recent Wall Street Journal profile of Nvidia interim CEO Colette Kress has shed more light on how Nvidia controversially financed its own customers to drive the AI boom. According to the report, the company pushed for more deals in mid-to-late 2026 to keep its GPU prices high amid an oversupply of TSMC wafers.
Since at least last year, Nvidia has been accused of prolonging the AI boom by supporting the companies that buy its chips. Founder and former CEO Jensen Huang, along with then-CFO Kress, even went so far as to defend the company against comparisons to Enron, which used similar tactics to illegally obscure its debt before its 2001 collapse.
And therfore, the people extrapolating the exponential rate of his extramarital affairs were correct?
Centuries from now, instead of saying .5% of the population can trace their roots back to Gengis Khan, it’ll be Jensen Huang.